US Lawmaker Proposes Crypto Trading Ban for Politicians
Rep. Ro Khanna introduces a bill to ban crypto and stock trading by elected officials and their families.
- Bill aims to ban trading for elected officials and their families.
- Applies to crypto, stocks, and other financial assets.
- Designed to restore public trust in U.S. lawmakers.
In a bold move to restore public trust, U.S. Representative Ro Khanna has introduced a new bill aiming to prohibit all elected officials—including the President, members of Congress, and their families—from trading in cryptocurrencies and stocks. This legislation targets potential conflicts of interest and seeks to ensure that lawmakers are not personally profiting from privileged information or market influence.
The bill, if passed, would apply not only to direct trades made by politicians but also to transactions executed through blind trusts or in the names of spouses and dependents.
Who’s Affected by the Proposed Crypto Trading Ban?
The proposed crypto trading ban for politicians includes the following groups:
- The sitting U.S. President and Vice President
- All members of Congress (House and Senate)
- Any other elected federal officials
- Spouses and direct family members of the above
Ro Khanna emphasized that public servants should serve the people—not their investment portfolios. This comes after repeated public criticism of lawmakers profiting from stock and crypto trades while having access to sensitive legislative developments.
Why This Matters for the Crypto Market
This bill could have a significant impact on how cryptocurrencies are regulated and perceived in the U.S. If passed, it might increase public confidence in government decisions related to finance and digital assets. Many in the crypto community view this as a step toward greater transparency and fairness.
While some critics argue that this could discourage financially savvy individuals from public service, supporters believe the trade-off is worth it for cleaner, more trustworthy governance.
