crypto regula2026-07-02 21:00:14House Democrat Targets President Trump With Bill to Ban Lawmakers From Owning CryptoU.S. Congressman Ro Khanna (D-CA) is introducing legislation to prohibit the U.S. President, members of Congress, and their immediate families from owning, trading, or creating cryptocurrencies while in office. The bill directly targets President Trump's pardon of Binance founder Changpeng Zhao, calling it 'corruption in plain sight.' Khanna aims to rebuild public trust by separating digital assets from political power, drawing parallels to past efforts to ban stock trading among lawmakers. The proposal follows the COIN Act by Senator Adam Schiff and comes amid long-standing concerns over insider trading in Congress, illustrated by the STOCK Act and the recent PELOSI Act.480
Ro Khanna2026-07-02 20:45:14US Lawmaker Proposes Banning Presidents or Congress Members from Owning Crypto, Targeting Trump's Pardon of Changpeng ZhaoU.S. Congressman Ro Khanna (D-CA) has introduced legislation that would prohibit the U.S. President, members of Congress, and their immediate families from owning, trading, or creating cryptocurrencies while in office. The bill comes in response to President Trump's pardon of Binance founder Changpeng Zhao, which Khanna calls 'blatant corruption.' It marks the first major attempt to separate digital assets from political power, following previous efforts to ban stock trading by lawmakers, such as the STOCK Act and the proposed PELOSI Act. The measure aims to rebuild public trust and prevent policymakers from profiting off the technologies they regulate.450
