Democrats Vow to Unleash Crypto Probes If They Win Midterms

Democrats are gearing up to launch a series of investigations into President Donald Trump's crypto connections if they regain control of Congress in the November midterm elections.

The president's sprawling crypto ventures, which earned him $1.4 billion during his first year back in office and significantly contributed to his rising net worth, have become a central focus for Democratic efforts to rein in Trump and his family.

Democrats have sent letters questioning whether Trump's memecoin launch was an illegal scam, issued staff reports denouncing him as the 'Bitcoin president', and held public forums investigating 'Trump's crypto corruption'. However, these efforts have yielded few concrete answers so far.

Next year, Democrats may regain the ability to compel witnesses to cooperate with their probes or demand documents shedding light on the administration's activities around crypto. The House Financial Services Committee, Senate Banking Committee, and House Oversight and Reform Committee are likely to play a central role in these efforts.