US lawmaker wants to ban Trump and his family from all crypto and stock market activity

A Democratic lawmaker is bringing out the heavy artillery against the US president's crypto activities. Ro Khanna proposes to outright ban Donald Trump, his family and all elected officials from trading cryptos and stocks. An initiative which revives the debate on conflicts of interest at the top of the American state.

Congress wants to cut Trump off from his crypto business

Ro Khanna, Democratic Representative from California and vice chair of the Congressional Progressive Caucus, launched a frontal charge against Donald Trump during an intervention on MSNBC. The legislator denounces what he considers “blatant corruption”: the presidential pardon granted to Changpeng Zhao, co-founder of Binance.

“ You have a foreign billionaire who was essentially engaged in money laundering », insisted the Californian representative.

For him, the timing doesn't lie. CZ pleaded guilty in 2023 to violating US banking law by failing to implement an effective anti-money laundering program at Binance. Then Binance financially supported WLFI. And ultimately, Trump pardoned him.

The cause and effect link seems obvious to Khanna. He claims that CZ is now funding the president's son's company's stablecoin, which is generating “millions of dollars under Donald Trump's presidency.” This accusation echoes concerns expressed by Rep. Maxine Waters.

However, Eric Trump has always categorically denied any involvement of his father in the project, recalling last September that the president “runs a nation” and has “no connection” with their commercial activities.

For his part, Ro Khanna concluded his intervention with an unequivocal call : prohibit any elected official from holding crypto or accepting foreign money. A position which is part of a broader offensive led by the Democrats to control the financial influence of political leaders.

Along the same lines, Senator Adam Schiff went even further with the COIN Act, a much stricter bill that would prohibit presidents, vice presidents and their close associates from issuing, owning or supporting crypto for the duration of their term in office — and for up to two years after they leave office.

When the temple guardian himself has his hands in the jam pot

The irony of this anti-trading crusade is not lacking in spice. Because if Khanna denounces Trump's alleged conflicts of interest, his own stock market activities raise embarrassing questions. THE Quiver Quant data reveal that the MP made $80.3 million worth of stock trades in 2025 alone.

Since his election in 2017, Khanna has completed more than 35,000 transactions with a volume exceeding $580 million. His favorite sectors? Finance, information technology and health.

Areas on which, as a legislator, he can potentially exert influence. This potential hypocrisy considerably weakens the impact of his message.

The bipartisan stock trading bill currently under discussion in Congress illustrates the complexity of the debate. Should government officials be allowed to invest in financial markets? The question has long been divisive, but cryptos add an explosive dimension to this old ethical dilemma.

According to government documents, Khanna's proposal has not yet been officially tabled. And the chances of it being adopted remain slim, given the Republican majority in both chambers. However, this Democratic offensive marks a turning point in the political war over crypto activities during the Trump presidency.