Share
Democrats are preparing aggressive investigations into President Donald Trump’s crypto ventures and business dealings after winning control of both chambers of Congress in Tuesday’s midterm elections, according to a Financial Times report.
Jamie Raskin, who is expected to lead the House Judiciary Committee, has signaled plans to investigate alleged self dealing involving Trump’s crypto businesses, presidential pardons granted to donors and law firms that reached agreements with the administration.
Robert Garcia, who is expected to chair the House Oversight Committee, also plans to investigate Trump’s family businesses, associates and billionaire allies, potentially including Elon Musk. Following Tuesday’s election results, Garcia issued a two word statement: “Lawyer up.”
The investigations could involve congressional subpoenas, demands for corporate records and testimony under oath from executives and administration officials. Democratic lawmakers would gain expanded oversight powers when the new Congress takes office in January.
The crypto and markets news you actually need—every morning.
Daily. Free. Join 34,000+ readers across crypto, finance, and policy.
We respect your privacy. Unsubscribe anytime.
Meanwhile, Hakeem Jeffries, who is set to become House Speaker, pledged to outline a legislative agenda within 100 hours of assuming office on January 3, prioritizing affordability, reversing Medicaid cuts, addressing tariffs and efforts to end the war with Iran.
However, Democrats face potential resistance from Trump, who has threatened to veto legislation passed by the new Congress. The Senate’s 60 vote threshold for most legislation could also complicate the party’s agenda.
Democrats remain divided over whether to pursue another impeachment of Trump, with some lawmakers warning that the process could distract from their economic priorities. Jeffries has urged the party to focus on delivering results for Americans rather than political retribution.
