Democrats Prepare to Investigate World Free Finance Company
2026-11-04 21:38:01
According to CoinMeta, after the Democrats win control of the House of Representatives in the midterms of 2026, they plan to conduct a congressional investigation into the cryptocurrency business of the Trump family. California Representative Robert Garcia is expected to lead the House Oversight Committee in investigating financial transactions related to the Trump family, including World Liberty Finance Corporation. The investigation will cover cryptocurrency transactions, potential conflicts of interest for foreign investors, and government contracts related to Trump relatives. The Democrats have previously requested Treasury Secretary Scott Bessent to investigate foreign investments but failed to obtain the legal force of a congressional subpoena. World Liberty Finance is a cryptocurrency company associated with the Trump family that has attracted the attention of Democratic legislators. The company plans to establish a federally regulated trust bank to handle its stablecoin USD1.
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Source:Cryptonews
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