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

According to Bloomberg, cryptocurrency, venture capital, and prediction market companies associated with Donald Trump and his family are scrambling to hire lawyers and lobbyists in preparation for a potential congressional investigation. It is reported that Democratic lawmakers have already requested information from World Liberty Financial and 1789 Capital, focusing on whether these related firms have secured government contracts or policy favors, and whether any conflicts of interest exist. However, analysts suggest that even if Democrats win a congressional majority in the midterm elections, the investigation could still face obstacles, including difficulties in compelling foreign individuals to provide testimony or documents, and uncertainty over whether federal agencies such as the Department of Justice will take further action. At present, the involved companies and the Trump family maintain that their business activities comply with the law.