Bloomberg: Crypto Firms Linked to the Trump Family Preemptively Establish Legal Defenses; Democrats Could Launch Investigations If They Win the Midterm Elections

on Oct. 26, Bloomberg reported that cryptocurrency, venture capital, and prediction market firms linked to Trump and his family are urgently hiring lawyers and lobbyists in preparation for a potential congressional investigation. Democratic lawmakers have requested relevant information from World Liberty Financial and 1789 Capital, focusing on whether these entities have secured government contracts, received policy favors, or face potential conflicts of interest.

However, analysts believe that even if the Democrats gain control of Congress in the midterm elections, the investigation may still face hurdles, such as the difficulty of compelling testimony or documents from overseas individuals, and uncertainty over whether federal agencies like the Department of Justice will pursue further action. Meanwhile, the companies involved and the Trump family continue to insist that their business activities comply with the law.