币圈老司机🔶BNB
币圈老司机🔶BNB|Nov 04, 2026 09:45
The results of the US midterm elections are beginning to impact the cryptocurrency market. The Democrats have regained control of the House of Representatives, and Robert Garcia will become chairman of the House Oversight Committee. His first words were "Lawyer up," directly targeting the Trump family's business interests. This time, the focus is on the Trump family's cryptocurrency businesses, particularly World Liberty Financial (WLFI). The Democrats plan to investigate the Trump family's cryptocurrency transactions and Donald Trump Jr.'s business dealings. The controversial $500 million investment in WLFI by members of the UAE royal family may also be a focus of the investigation. WLFI is seeking a national banking license in the US, an approval process involving the US Treasury Department's oversight system. The Democrats plan to begin questioning and subpoenaing relevant companies and donors starting next February. What the market should really pay attention to here is not just whether the Trump family will face political pressure, but the relationship between the cryptocurrency industry and US regulation. Trump has been pushing for the US to become a cryptocurrency hub, but now the family's cryptocurrency businesses themselves may become the subject of a congressional investigation. If the investigation escalates further, WLFI's banking license application, business partnerships, and even market expectations for the entire Trump-affiliated crypto asset sector could be affected.
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