Financial Times: Democrats Prepare Major Congressional Probe Into Trump’s Crypto Ventures

TL;DR: Democratic lawmakers are preparing subpoenas and accounting record requests tied to Trump’s crypto ventures and associated entities like World Liberty Financial. Representatives designated for key committees, including Jamie Raskin and Robert Garcia, plan to trigger oversight authorities and interrogate witnesses under oath. The shift in the legislative balance following the November 3, 2026 elections will grant committees the formal authority to issue direct subpoenas starting in January 2027. The Democratic Party gained control of Congress in the midterm elections held on Tuesday, November 3, and preparations have already begun to subject Trump’s crypto ventures to formal scrutiny. The initiative involves formal requests for financial records , subpoenas for private-sector executives , and sworn testimony concerning potential institutional conflicts of interest.

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