US Legislator Moves to Ban President Trump and His Family From Trading Crypto and Stocks

Jimmy Aki
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On October 27, US lawmaker Ro Khanna introduced a bill that would ban President Trump, his family, and all federal elected officials from trading individual stocks or cryptocurrencies.

The legislation is framed as a measure to prevent conflicts of interest, as the policy decisions made by these officials could be influenced by, or directly impact, the value of their personal holdings.

Concerns Grow Over President Trump’s Connection to WLFI

In an appearance on MSNBC, US Representative Ro Khanna, a Democrat from California’s 17th Congressional District, raised alarm over President Trump’s potential conflict of interest involving crypto.

Khanna pointed to Trump’s link through his son’s company, World Liberty Financial (WLFI), a crypto venture that has sparked waves of controversy.

The project’s token, WLFI, commenced trading on September 1. Its association with the Trump family and tokenomics, which initially restricted early investors from selling more than one-fifth of their holdings, attracted scrutiny.

Meanwhile, a separate Trump-linked firm, Thumzup Media, reportedly secured $50 million in funding, including entering a Coinbase partnership to expand its XRP treasury, the previous month.

Khanna insists that such connections create an uneven playing field, where public policy could be shaped in ways that support connected companies, he warned.

The lawmaker also cited President Trump’s decision to pardon Binance founder Changpeng “CZ” Zhao as another trigger for the bill creation. He characterized the move as an act that undermines accountability in both government and finance.

“You’ve got a foreign billionaire who was basically engaged in money-laundering, Khanna added.

A few days earlier, US Senator Elizabeth Warren had voiced similar criticisms of money laundering concerns in the crypto market, claims that were subsequently challenged by crypto advocates and CZ himself.

For clarity, the former Binance CEO pled guilty to a single count of violating the US Bank Secrecy Act. His charge was tied to the failure to maintain proper anti-money-laundering controls. He was not charged with the direct act of money laundering.

At present, Khanna has yet to release full details of his proposed bill. The specific mechanisms for enforcement and implementation remain undefined. Moreso, government records confirm that the bill is still awaiting formal submission.

Crypto Commentators Uncover Hypocrisy in Khanna’s Latest Bill

While the proposal focuses on the financial activities of the Trump family, commentators have initiated a parallel examination of Khana’s trading history. Critics argue that the lawmaker’s record doesn’t fully match his message.

Data from Quiver Quantitative reveal that, in 2025 alone, Khanna traded over $80.3 million worth of stocks. Since taking office in 2017, he has executed 35,185 trades, with a total volume of $584. 23 million.

His top three investment sectors include finance, information technology, and healthcare. These are areas that lawmakers often help regulate. The overlap has drawn fresh scrutiny.

Recent records also show that Khanna leads all US politicians in the number of completed trades over the past 60 days.

For many observers, this trading activity presents a contradiction, given his advocacy for stricter financial prohibitions on elected officials.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.