Democratic Senator Chris Murphy has launched explosive allegations that cryptocurrency exchange Binance engaged in a corrupt quid pro quo arrangement, facilitating Trump’s crypto ventures in exchange for a presidential pardon for founder Changpeng Zhao. The accusations emerged after Binance US listed Trump’s USD1 stablecoin just one week following Zhao’s pardon for money laundering violations, triggering a political firestorm in Washington and condemnation from prominent Democrats who view the pardon as evidence of systemic corruption.
about Senator Accuses Binance of Corruption in Trump Pardon DealRo Khanna
0 posts last weekUS Lawmaker Seeks Ban on Stock and Crypto Trading for Officials
Democratic Representative Ro Khanna is proposing sweeping legislation to prohibit all elected officials from trading stocks and cryptocurrencies, citing serious conflicts of interest. The bill specifically targets President Donald Trump and congressional members, with Khanna highlighting Trump’s alleged corruption involving his son’s World Liberty Financial crypto project and the controversial pardon of Binance co-founder Changpeng ‘CZ’ Zhao. This move represents a significant push for ethical reforms in government financial dealings amid growing concerns about politicians’ personal investments influencing policy decisions.
about US Lawmaker Seeks Ban on Stock and Crypto Trading for OfficialsKhanna Proposes Crypto Ban for US Elected Officials
California Representative Ro Khanna has announced legislation to prohibit elected officials from owning or creating cryptocurrencies, framing the proposal as a direct response to what he calls “blatant corruption” following President Trump’s pardon of Binance founder Changpeng Zhao. This marks a significant expansion of Khanna’s ongoing campaign to restrict financial activities among lawmakers, building on his previous efforts to ban congressional stock trading amid concerns about improper financial influence and conflicts of interest.
about Khanna Proposes Crypto Ban for US Elected Officials