MAROKO133 Update crypto: US Representative Pushes Crypto Ban for Politicians After Trump P

📌 MAROKO133 Eksklusif crypto: US Representative Pushes Crypto Ban for Politicians

US Representative Ro Khanna (D-Calif.) is proposing new legislation to prohibit elected officials from owning or launching cryptocurrencies, following President Donald Trump’s controversial pardon of Binance founder Changpeng “CZ” Zhao.

Speaking on MSNBC’s Morning Joe Monday, Khanna accused the president of engaging in “blatant corruption,” alleging Zhao, a foreign billionaire convicted of money-laundering violations, had “funneled money to Hamas, Iran, and child abusers.”

He also suggested Zhao financially backed World Liberty Finance, a cryptocurrency venture linked to Trump’s family.

Khanna Calls for Crypto Ban on Lawmakers

“It is so illegal. It is right in our faces,” Khanna said, arguing that lawmakers should be banned “from having cryptocurrency and accepting foreign money.”

Khanna’s comments, later shared on his official YouTube channel, mischaracterized some facts surrounding Zhao’s case.

The former Binance CEO pleaded guilty to money-laundering violations as part of a $4.3 billion settlement with the US Department of Justice last year but served only four months in prison, not four years as Khanna claimed.

The congressman said he intends to introduce the bill this week, framing it as an extension of his 2023 Ban Congressional Stock Trading Act, which sought to bar members of Congress and senior officials from trading individual equities.

That bill stalled in committee but helped spark broader bipartisan discussions on tightening financial ethics for public officials.

Khanna said his new proposal would mirror those principles, requiring lawmakers to divest from digital assets or place them in blind trusts, to prevent conflicts of interest.

“This isn’t a tech issue,” he said. “This is a corruption issue. It’s money going into someone at the White House, and the White House taking official actions like pardons in exchange.”

The push marks the latest political fallout from Trump’s decision to pardon Zhao, a move that has drawn sharp criticism from Democrats and ethics watchdogs.

If enacted, Khanna’s proposal would make cryptocurrency the latest asset class off-limits to federal lawmakers, underscoring Washington’s growing unease with the intersection of politics, money, and digital assets.

Binance Eyes US Comeback After Trump Pardons Founder Changpeng Zhao

Binance is reportedly exploring ways to re-enter the US market following President Donald Trump’s pardon of founder Changpeng “CZ” Zhao, according to Bloomberg.

The exchange is weighing options such as merging its US affiliate with its global platform or allowing its main exchange to serve American users directly.

Zhao’s pardon, granted after his 2023 guilty plea for anti–money laundering violations, has reignited scrutiny amid Binance’s $2 billion deal with Trump’s family-backed crypto venture, World Liberty Financial.

The clemency removes prior legal barriers that had restricted his involvement in Binance operations.

Legal experts say the move effectively reinstates Zhao’s ability to engage in business decisions, giving the company’s leadership a major boost as it eyes renewed US access.

Zhao, whose net worth stands at $61.4 billion, remains one of the most powerful figures in crypto, overseeing an ecosystem with $8.7 billion in on-chain assets.

The pardon comes as Trump continues to court the digital asset industry, with his family reportedly earning over $1 billion from crypto ventures.

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🔗 Sumber: cryptonews.com

📌 MAROKO133 Update crypto: Bank of Korea Mulls Gold Purchases After 12-Year Pause

South Korea’s central bank is contemplating a return to gold buying for the first time since 2013, signaling a potential shift in its reserve management strategy.

The move comes amid growing demand for the precious metal, as investors seek protection from inflation and currency weakness.

Bank of Korea Weighs Buying Gold Again

According to the latest data by the World Gold Council (WGC), as of October, the Bank of Korea held 104.4 tons of gold, ranking 41st globally. It last added to its gold reserves in 2013, concluding a three-year buying spree that began in 2011.

During that period, the central bank purchased 40 tons in 2011, 30 tons in 2012, and 20 tons in 2013. Nonetheless, the decision drew domestic criticism, as gold entered a prolonged price slump. The bank’s timing led to significant backlash, contributing to its hesitance to re-enter the market.

Nonetheless, as macroeconomic conditions deteriorate, inflation accelerates, and currencies weaken, the bank is reconsidering its earlier stance.

Heung-Soon Jung, director of the Reserve Investment Division at the Bank of Korea’s Reserve Management Group, announced the decision on Tuesday during the London Bullion Market Association and London Precious Metals Markets event in Kyoto.

“The Bank of Korea plans to consider additional gold purchases from a medium- to long-term perspective,” he said.

Jung noted that the bank will monitor the market before deciding when and how much gold to purchase. He added that any move would depend on how the country’s reserves evolve and on the direction of gold prices and the Korean won.

Global Central Banks Lead Gold Accumulation

The Bank of Korea’s renewed interest in gold comes amid a significant redeployment of global reserves. During the first half of 2025, 23 countries increased their gold holdings.

In the second quarter, Poland acquired 18.66 tonnes, Kazakhstan 15.65 tonnes, Turkey 10.83 tonnes, China 6.22 tonnes, and the Czech Republic 5.73 tonnes. Furthermore, BeInCrypto recently highlighted that for the first time since the mid-1990s, central banks hold more gold than US Treasuries.

Notably, banks are expected to buy 900 tonnes of gold in 2025. The shift highlights eroding confidence in dollar-denominated assets amid US fiscal deficits and trade tensions. Retail investors also mirrored this trend, queuing at dealers to hedge against currency debasement.

Gold Price Volatility Tests Market Sentiment

Meanwhile, the high global demand pushed gold upwards, reaching an all-time high of $4,381 per ounce last week. However, a correction followed.

BeInCrypto reported that after the record high, gold plunged 6% in its worst one-day drop in 12 years, erasing around $2.1 trillion in market value.

The decline has continued, with the gold losing 8.4% of its value in the past week. Furthermore, yesterday the downtrend even pushed prices below $4,000 per ounce for the first time since October 13.

Despite this, some market experts remain optimistic about gold’s comeback. Steve Hanke, an economist, described the decline as a buying opportunity and forecasted a bull market peak at $6,000 per ounce.

Analyst Rashad Hajiyev suggested that the current drop in gold prices is “needed” before another major rally. He views the sell-off as a way to flush out weak traders and set the stage for a powerful move toward $5,500–$6,000.

“Gold is a great buy below $4,000, and silver is an even better buy below $47. Remember, it was just a week ago that gold almost hit $4,400 and silver traded above $54.40. Those highs will likely not even be close to the peaks of this bull market,” Peter Schiff added.

The post Bank of Korea Mulls Gold Purchases After 12-Year Pause appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com