Trump Crypto Projects Face Congressional Scrutiny – Proposed Ban in Motion

US President Donald Trump’s interest in cryptocurrencies has sparked controversy since his election. Following his victory, Trump launched a memecoin named TRUMP and has faced scrutiny for his family’s involvement in cryptocurrency projects, particularly World Liberty Financial (WLFI). 2023 has seen US Democratic Congressman Ro Khanna express concerns about the potential conflict of interest arising from these activities. In an effort to address these concerns, Khanna is introducing a bill that would ban elected officials like Trump, his family members, and members of Congress from trading cryptocurrency or holding crypto tokens.