U.S. Congressman plans to introduce a bill that would bar the president from trading or creating cryptocurrencies.

￰0￱ Ro Khanna is planning to introduce a bill that would prevent President Donald Trump, his family, and all members of Congress from participating in trading, owning, or creating cryptocurrencies. Khanna’s proposal follows a sustained backlash over the recent pardoning of Binance’s former CEO and founder Changpeng Zhao (CZ). CZ served four months in prison after being convicted of violating anti-money laundering laws in the ￰1￱ revealed yesterday, through an interview, that the pardon was corrupt and accused the Trump administration of deep ethical breaches that involve the President’s family crypto ￰2￱ Khanna slams Trump’s pardon of Binance’s CZ as corruption In an interview with MSNBC, Ro Khanna, a U.

S. Congressman, announced legislation that would extend existing restrictions on stock trading for public officials to include digital assets and tokenized ￰3￱ means that elected leaders’ spouses and immediate family members will not hold or launch cryptocurrency ventures while in office. “This is blatant ￰4￱ don’t need to know a lot about cryptocurrency to understand what went on here. A convicted billionaire who funneled money to terrorists and child abusers gets pardoned after financially backing the president’s son’s crypto company.” – Ro Khanna, ￰5￱ The ongoing backlash arose on October 24th when Trump decided to grant a full pardon to CZ after months of political lobbying and ￰6￱ reported that Binance had spent months crafting relationships with Trump’s inner circle and even offered technical support for World Liberty Financial, Trump’s family crypto ￰7￱ to the report, Binance allegedly hired lobbyist Ches McDowell to help sway the President’s perception of Zhao’s conviction, arguing that the prosecution made under Biden’s administration was politically ￰8￱ Leavitt, the White House’s press secretary, defended the president’s decision, noting that Biden’s administration’s war on crypto is ￰9￱ expressed his gratitude to the President, saying he was grateful for the pardon and to Trump for upholding America’s commitment to fairness, innovation, and ￰10￱ promised to advance America as a global capital of crypto and ￰11￱ announcement of CZ’s release triggered the BNB coin to jump 8% that day.

Trump’s crypto ties with Binance reignite political and ethics scrutiny Trump’s decision sparked renewed scrutiny over his close ties to the crypto ￰12￱ sons, Donald Trump ￰13￱ Eric Trump, are the heads of World Liberty Financial, which recently launched a stablecoin ￰14￱ has received early liquidity and backend infrastructure support from Binance, a move that raises apparent conflicts of ￰15￱ March, former CFTC chair Timothy Massad warned that the president’s growing ambition in crypto projects posed an unprecedented conflict of ￰16￱ on a Cryptopolitan report, he argued that his ventures, including WLFI and the Trump meme coin, crossed the line between public office and private ￰17￱ cautioned that such ambitions could defraud investors rather than benefit them, especially as the administration shapes national cryptocurrency ￰18￱ argued that the recent connection between Trump and CZ, which led to the pardon, represents a textbook conflict of ￰19￱ noted that foreign influence in the crypto market directly risks ￰20￱ ￰21￱ reiterated that allowing elected officials to benefit financially from such relationships is ￰22￱ Khanna’s bill will address such ethical gaps, imposing broad prohibitions on digital asset ownership and participation for public ￰23￱ Trump administration has also rolled back several enforcement measures introduced during Biden’s presidency, such as dismantling enforcement initiatives initiated by the Securities and Exchange Commission and the Justice Department’s cryptocurrency unit.

Khanna’s proposed bill acknowledges that Zhao’s pardon isn’t just about one man but a signal that Washington’s stance on crypto is up for sale, and it’s therefore designed to restore public ￰24￱ smartest crypto minds already read our ￰25￱ in? Join them .