US Representative Ro Khanna is set to introduce a resolution today aimed at banning the President, their family members, and members of Congress from trading cryptocurrencies or stocks.
This initiative follows significant public criticism regarding US President Donald Trump’s controversial pardon of Binance founder Changpeng Zhao (CZ). Critics argue that this pardon underscores deeper issues of corruption and conflicts of interest within Washington.
Reasons Behind Khanna's Resolution
Khanna, a Democrat representing California, stated that the resolution is designed to rebuild public confidence. He expressed to MSNBC, "We have a president who is enriching himself and his family in an obscene wealth that is unprecedented in American history. People need to wake up to what’s going on – it’s corruption right before our very eyes."
The pardon of Zhao is corrupt.
— Ro Khanna (@RoKhanna) October 27, 2025
I explain simply what's going on.
I am today introducing legislation to ban the president, his family, members of Congress, and all elected officials from trading crypto or stocks. @unusual_whales has been sounding the alarm on this for years. pic.twitter.com/OgibgdnqkK
Last week, Trump issued a pardon to CZ, who had already served four months in prison for violating U.S. anti-money laundering statutes. This decision divided public opinion, with some viewing it as a supportive gesture towards the cryptocurrency industry, while others perceived it as a political favor.
Khanna aligned himself with the critics, accusing Trump of leveraging his presidency for personal financial gain through associations with international billionaires. He also raised questions about the Trump family's venture, World Liberty Financial, which introduced a stablecoin and reportedly engaged in a cryptocurrency-related transaction with the UAE.
A Pro-Crypto Advocate Focused on Ethical Governance
Notably, Khanna is recognized as one of the few Democrats who receive a "strongly supportive" rating for cryptocurrency from Stand With Crypto, an advocacy organization supported by Coinbase. Despite this, he has consistently advocated for stringent ethical guidelines to separate cryptocurrency finances from US political activities.
As President Trump's connections within the cryptocurrency space continue to grow, Khanna's proposed resolution may spark a wider discussion on whether digital assets are contributing to or revealing corruption.