American Congressman Ro Khanna has decided that cryptocurrency is dubious. Therefore, he proposed that presidents, for instance, Donald Trump, their families, their close relatives, and all members of Congress should be banned from trading cryptocurrencies and stocks. "You cannot mix power and financial games into one frisbee," he explained vividly his initiative.
Khanna has roasted Trump for his association with World Liberty Financial and the recent pardon of Binance founder Changpeng Zhao, a figure with a questionable track record. According to Ro Khanna, the crypto magnate avoided a prison sentence thanks to backing from Binance.
Citing Khanna, Trump’s policy on the crypto industry resembles “glaring corruption”. It looks like a cryptocurrency carnival where some dance on accounts while others cry over losses.
Interestingly, despite all the accusations, Trump’s son insists that his father “runs the country, not a business.” Meanwhile, the debate on cryptocurrency among US legislators is heating up. They are discussing a new bipartisan bill that could either rewrite the rules of the game or bring about new headaches for all involved.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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