US lawmaker seeks to stop Trump, family from crypto, stock trading
Representative Ro Khanna proposed legislation to ban elected officials, including Donald Trump and his family, from trading crypto or stocks.Summary
US Representative Ro Khanna, a Democrat, announced his intention to introduce legislation that would prohibit President Donald Trump, his family, and members of Congress from trading stocks or cryptocurrency. Khanna raised concerns about a conflict of interest, specifically alleging that Donald Trump pardoned Binance co-founder Changpeng “CZ” Zhao due to Binance's alleged financial backing of World Liberty Financial (WLFI), a crypto firm associated with Trump's son. Khanna claimed CZ was involved in money-laundering and funneling money to terrorists, suggesting the pardon was corrupt. Eric Trump has consistently denied his father's involvement with WLFI. While Khanna called for a ban on elected officials holding cryptocurrency and accepting foreign money, the specifics of his bill are not yet public. The article notes that the debate over government officials trading assets is ongoing, referencing a bipartisan congressional stock trading bill. It also points out potential hypocrisy, as Khanna himself has a significant history of stock trading, with over $580 million in total volume since 2017.
(Source：Cointelegraph)