Bloomberg: Trump family-linked crypto firms build legal defenses early as Democrats could launch probes if they win midterms

October 29: According to Bloomberg, cryptocurrency, venture capital and prediction market companies tied to Trump and his family are stepping up hiring of lawyers and lobbyists to prepare for possible congressional investigations. Democratic lawmakers have reportedly asked World Liberty Financial and 1789 Capital to provide relevant information, focusing on whether the companies received government contracts or favorable policy treatment, and whether conflicts of interest exist.

Analysts believe, however, that even if Democrats secure a congressional majority in the midterm elections, investigations could face obstacles, including the difficulty of compelling foreign individuals to provide testimony or documents, and uncertainty over whether federal agencies such as the Justice Department would take further action. The companies and the Trump family maintain that their business activities comply with the law.