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Democrats win House, plan probes into Trump family crypto and business ties.

Market News
04 Nov 2026, 15:37 WIB
Crypto news
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Bearish
Democrats win House, plan probes into Trump family crypto and business ties.

Democrats have regained control of the US House of Representatives, enabling them to investigate President Donald Trump’s family cryptocurrency ventures and business dealings. Key targets include World Liberty Financial, linked to a $500 million Emirati investment and foreign ownership concerns. Incoming House Oversight Chair Robert Garcia plans to probe crypto transactions, conflicts of interest, and government contracts involving Trump family members. Investigations could start by February 2027, with subpoenas issued to private companies and individuals tied to the Trump family. Despite Trump’s veto threats, Democrats will use their subpoena power to pursue these inquiries independently of White House cooperation.

Democrats preparing to investigate World Liberty Financial provide context for crypto market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 04, 2026 20:22 WIB: out of 50 priced major cryptocurrencies, 28 rose and 20 fell today. Notable movers include AXS at Rp15.564 (+3.07%), ALGO at Rp1.751 (+2.88%), and CAKE at Rp34.511 (+2.80%).

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