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California Representative Robert Garcia, set to chair the House Oversight Committee, said 'lawyer up' as Fortune reported World Liberty Financial may become the first Trump family crypto business investigated. Democrats retaking both chambers will hold subpoena power.
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Crypto, venture and prediction-market firms tied to Trump and his family are hiring lawyers and lobbyists ahead of possible congressional investigations by Democrats. Robert Garcia, set to chair the House Oversight Committee, says it will examine the Trump family's crypto deals. Garcia now says 'lawyer up' as Fortune…
Crypto, venture capital and prediction-market firms linked to Trump and his family are hiring lawyers and lobbyists ahead of possible congressional investigations. Democrats have sought information from World Liberty Financial and 1789 Capital; the firms and the family say their business activities comply with the law.
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Companies tied to Donald Trump and his family, spanning crypto projects, venture firms and prediction markets such as Polymarket and Kalshi, are hiring lawyers and lobbyists as Democrats threaten investigations if they win either chamber of Congress, Bloomberg reports. Polls and prediction markets favour the Democrats, and figures including pardoned crypto leader Changpeng Zhao have begun engaging prominent lobbyists.
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US President Donald Trump said he would consider pre-emptive pardons for Elon Musk and his associates if Democrats retake Congress after the midterms, to shield them from congressional investigations. He cited Joe Biden's pre-emptive pardons as precedent and named Edward Coristine, who worked on Musk's Department of Government Efficiency cost-cutting programme.
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Robert Garcia, set to chair the House Oversight Committee, says it will examine the Trump family's crypto deals, Donald Trump Jr.'s business ties and board roles held by relatives including Jared Kushner. Garcia says Trump-linked crypto ventures have brought in more than $1bn, and Democrats plan inquiries and subpoenas from February.
RegulationOdailyAIBearish
California Representative Robert Garcia, set to chair the House Oversight Committee, said 'lawyer up' as Fortune reported World Liberty Financial may become the first Trump family crypto business investigated. Democrats retaking both chambers will hold subpoena power.
RegulationChainCatcherAIBearish
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