{"id":55762,"date":"2025-11-01T18:02:57","date_gmt":"2025-11-01T15:02:57","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=55762"},"modified":"2025-11-01T18:02:57","modified_gmt":"2025-11-01T15:02:57","slug":"democrats-in-the-u-s-propose-anti-crypto-bill","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/democrats-in-the-u-s-propose-anti-crypto-bill\/","title":{"rendered":"Democrats in the U.S. Propose Anti-Crypto Bill!"},"content":{"rendered":"<p>Members of the Democratic Party in the U.S. Congress have introduced a new bill aimed at banning politicians and public officials from having conflicts of interest involving cryptocurrency assets. The proposal, which particularly targets the digital asset activities of former President Donald Trump and his family, has reignited the political divide in Washington over cryptocurrencies.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/democrats-in-the-u-s-propose-anti-crypto-bill\/#Democrats_Anti-Crypto_Move\" title=\"Democrats\u2019 Anti-Crypto Move\">Democrats\u2019 Anti-Crypto Move<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/democrats-in-the-u-s-propose-anti-crypto-bill\/#Contents_of_the_Bill_%E2%80%9CBlind_Trust%E2%80%9D_and_Transparency_Requirements\" title=\"Contents of the Bill: \u201cBlind Trust\u201d and Transparency Requirements\">Contents of the Bill: \u201cBlind Trust\u201d and Transparency Requirements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/democrats-in-the-u-s-propose-anti-crypto-bill\/#Direct_Reference_to_Trump_and_His_Family\" title=\"Direct Reference to Trump and His Family\">Direct Reference to Trump and His Family<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/democrats-in-the-u-s-propose-anti-crypto-bill\/#The_Changpeng_Zhao_Pardon_Controversy\" title=\"The Changpeng Zhao Pardon Controversy\">The Changpeng Zhao Pardon Controversy<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"403\" data-end=\"661\"><span class=\"ez-toc-section\" id=\"Democrats_Anti-Crypto_Move\"><\/span>Democrats\u2019 Anti-Crypto Move<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"403\" data-end=\"661\">Democratic Representative Ro Khanna introduced a comprehensive legislative proposal seeking to prevent public officials from directly or indirectly profiting from crypto assets. In his statement, Khanna emphasized:<\/p>\n<blockquote>\n<p data-start=\"665\" data-end=\"819\">\u201cNo one in elected office should be there to profit from their position. Public service should be for the benefit of the people, not for personal gain.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"821\" data-end=\"1077\" data-is-last-node=\"\" data-is-only-node=\"\">Under Khanna\u2019s proposed bill, the President, Vice President, members of Congress, elected public officials, and their immediate family members would be prohibited from issuing, endorsing, or promoting any digital assets during their term in office.<\/p>\n<p data-start=\"821\" data-end=\"1077\" data-is-last-node=\"\" data-is-only-node=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-55763 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/11\/ro-khanna-bitcoin-300x158.jpg\" alt=\"\" width=\"741\" height=\"390\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/11\/ro-khanna-bitcoin-300x158.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/11\/ro-khanna-bitcoin-1024x538.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/11\/ro-khanna-bitcoin-768x403.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/11\/ro-khanna-bitcoin.jpg 1200w\" sizes=\"auto, (max-width: 741px) 100vw, 741px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Contents_of_the_Bill_%E2%80%9CBlind_Trust%E2%80%9D_and_Transparency_Requirements\"><\/span>Contents of the Bill: \u201cBlind Trust\u201d and Transparency Requirements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The new legislative draft proposes implementing a \u201cblind trust\u201d mechanism to prevent conflicts of interest involving digital assets during officials\u2019 terms in office.<br \/>\nUnder this proposal, elected officials and candidates would be required to transfer their cryptocurrency holdings into trust accounts that they cannot access during their tenure and for two years after leaving office.<\/p>\n<p>Additionally, the bill supports a transparency act mandating that politicians and their family members fully and promptly disclose all crypto asset transactions.<\/p>\n<p>The draft explicitly covers all major digital asset categories, including:<\/p>\n<ul>\n<li>Cryptocurrencies<\/li>\n<li>Memecoins<\/li>\n<li>Stablecoins<\/li>\n<li>NFTs<\/li>\n<li>DeFi platforms<\/li>\n<li>Digital trading cards<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Direct_Reference_to_Trump_and_His_Family\"><\/span>Direct Reference to Trump and His Family<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Representative Ro Khanna\u2019s bill specifically targets the crypto ventures of former U.S. President Donald Trump and his family. The text accuses the Trump family of \u201cestablishing an opaque, unregulated crypto network using their names and likenesses.\u201d<\/p>\n<p>According to the draft, Trump allegedly leveraged his influence during his presidency to indirectly boost the value of Trump-linked digital projects. It also claims that foreign investments were funneled into crypto initiatives associated with the Trump family.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Changpeng_Zhao_Pardon_Controversy\"><\/span>The Changpeng Zhao Pardon Controversy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another notable section of the bill references Trump\u2019s presidential pardon of Binance founder and former CEO Changpeng Zhao (CZ). Democratic lawmakers argue that this act could be interpreted as a \u201cconflict of interest with the crypto lobby.\u201d<\/p>\n<p>Representatives of the U.S. crypto industry have described the proposal as \u201coverly restrictive.\u201d Some market analysts warn that introducing such laws without clear regulatory frameworks could drive innovative crypto projects out of the U.S. Even if the bill does not pass, Khanna\u2019s proposal underscores that crypto policy in the U.S. has evolved beyond a financial issue, becoming a moral and political battleground. It also signals that Washington is entering a new era of tighter oversight and regulation for digital assets.<\/p>\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-start=\"1823\" data-end=\"2435\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Members of the Democratic Party in the U.S. Congress have introduced a new bill aimed at banning politicians and public officials from having conflicts of interest involving cryptocurrency assets. The proposal, which particularly targets the digital asset activities of former President Donald Trump and his family, has reignited the political divide in Washington over cryptocurrencies.<\/p>\n","protected":false},"author":37,"featured_media":49348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[236,61,1766,192,393,5760,1219],"class_list":["post-55762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-altcoin","tag-bitcoin","tag-bitcoin-btc","tag-blockchain","tag-crypto","tag-digital-assets","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Democrats in the U.S. Propose Anti-Crypto Bill!<\/title>\n<meta name=\"description\" content=\"Members of the Democratic Party in the U.S. Congress have introduced a new bill 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