Policy & Regulation
Ro Khanna’s Crypto Bill Pushes for Clearer Crypto Ethics
Credit : cryptonews.net
Because the Coin Bureau studies, US Congressman Ro Khanna has introduced plans to introduce a brand new invoice. The proposal would bar the president, members of Congress and different elected officers from proudly owning or creating cryptocurrencies. The measure is meant to stop corruption. It additionally seeks to guard public belief as crypto continues to develop in energy and affect throughout the nation.
⚡️JUST IN: 🇺🇸Congressman Ro Khanna plans to introduce a invoice that might ban the president and elected officers from proudly owning or creating cryptocurrencies. pic.twitter.com/MQaTL2uIzX
— Muntbureau (@coinbureau) October 28, 2025
Why Khanna desires this regulation
Ro Khanna represents California’s seventeenth District. He stated he desires to attract a transparent line between authorities energy and private acquire within the crypto business. Furthermore, his proposal comes shortly after the controversy surrounding President Donald Trump’s pardon of Binance’s ex-CEO Changpeng Zhao (CZ). Many critics referred to as {that a} pardon “An indication of corruption.” They recommended that there might be hidden enterprise ties between high executives and crypto firms.
Khanna defined that authorities leaders aren’t allowed to personal or create digital currencies whereas in energy. Such holdings can affect their decision-making. “It is about belief,he stated. “We can’t permit private investments to intervene with public duties.”
What the invoice might embrace
Though the total textual content of the invoice has not but been revealed, early particulars recommend it might embrace many key factors:
- The president, vice chairman, and members of Congress wouldn’t be allowed to personal, commerce, or create cryptocurrencies whereas in workplace.
- Speedy members of the family of those officers would additionally face restrictions.
- The invoice would bar elected officers from accepting overseas funds or investments associated to crypto initiatives.
- Sanctions could apply if somebody tries to hide their involvement by way of personal wallets or third-party names.
Briefly, the proposal would make crypto prohibited for individuals who maintain political energy. It really works equally to legal guidelines that already prohibit inventory buying and selling by authorities officers.
Why the invoice issues
Ro Khanna’s crypto invoice might assist restore public belief within the US authorities. Many voters already consider that politicians have an excessive amount of monetary freedom and too little supervision. By banning crypto possession, Khanna hopes to indicate that leaders are performing for the nation, not their wallets.
It additionally highlights a bigger downside. Crypto is rising quickly, however laws are sluggish to maintain up. Digital property have gotten a part of the worldwide monetary system, but many guidelines stay unclear. If this invoice is handed, it might turn out to be an necessary step in defining how the federal government handles crypto ethics.
Challenges dealing with the proposal
Khanna’s plan is more likely to face robust opposition. Some lawmakers help cryptocurrency. They consider that banning it will hurt innovation and restrict private freedom. Others surprise how the federal government can observe or show crypto possession. Wallets are sometimes nameless, which makes enforcement tough.
But Khanna’s message is evident. He believes that political leaders ought to keep away from the crypto market whereas in workplace.
The impression on crypto and politics
Ro Khanna’s crypto invoice exhibits how severe the talk round crypto and ethics has turn out to be. Digital property are reshaping international finance. Questions on equity, corruption and duty have gotten louder.
Whether or not this invoice turns into regulation or not, it sends a strong message. Public service should come earlier than private acquire, particularly within the quickly altering world of cryptocurrency.
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