Ro Khanna, a U.S. Representative is planning to introduce a resolution aimed at banning the President, their family members, and members of Congress from trading cryptocurrencies and stocks. The move follows rising criticism over President Donald Trump’s recent pardon of Binance founder Changpeng Zhao (CZ).
Khanna, a Democrat from California, said the resolution is meant to restore public trust and prevent corruption at the highest levels of government. “We have a president who is enriching himself and his family in an obscene wealth that is unprecedented in American history,” Khanna told MSNBC. “People need to wake up to what’s going on—it’s corruption right before our very eyes.”
Trump’s pardon of Zhao last week stirred mixed reactions across the country. Zhao had served four months in prison after pleading guilty to violating U.S. anti-money-laundering laws. While some praised the decision as support for the crypto industry, others saw it as a political favor that raised questions about Trump’s financial motives.
Khanna accused the former president of using his position for personal gain, pointing to Trump’s family venture, World Liberty Financial. The company recently launched a stablecoin and reportedly engaged in a crypto-related deal with investors from the United Arab Emirates.
Although Khanna is considered one of the few Democrats “strongly supportive” of cryptocurrency, according to advocacy group Stand With Crypto, he has consistently called for strict ethical boundaries between crypto wealth and political influence.
As Trump’s crypto ties continue to expand, Khanna’s proposal could open a wider debate in Washington on whether digital assets are fueling political corruption or revealing it. The resolution, if passed, would mark a major step toward separating financial interests from public service
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