US Congressman Ro Khanna Moves to Ban Crypto Ownership

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US Congressman Ro Khanna plans to introduce a bill that bans the President, Vice President, members of Congress, and their families from owning, trading, or creating cryptocurrencies. The move aims to stop conflicts of interest and increase trust in government by keeping personal crypto investments separate from official duties. The legislation also targets foreign crypto funding and could impose penalties for undisclosed holdings, reflecting growing concerns about cryptocurrency’s role in politics and ethics.