US lawmaker seeks to stop Trump, family from crypto, stock trading
US Representative Ro Khanna is looking to introduce a bill to restrict all elected officials from trading stocks and crypto, citing conflicts of interest.
A US lawmaker is seeking to ban US President Donald Trump, his family, and members of Congress from trading crypto or stocks.
US Representative Ro Khanna, a Democrat representative from California’s 17th Congressional District and vice-chair of the Congressional Progressive Caucus, used an appearance on MSNBC to raise concerns around Trump’s apparent conflict of interest with crypto via his son’s crypto project World Liberty Financial (WLFI), alleging the recent pardoning of Binance co-founder Changpeng “CZ” Zhao was “blatant corruption.”
“You’ve got a foreign billionaire who was basically engaged in money-laundering,” Khanna said of CZ, adding, “then he petitions for a pardon from Donald Trump after basically funneling money to terrorists.”
