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Bloomberg: Trump Family-Linked Crypto Firms Strengthen Legal Defense Ahead of Potential Investigations

On October 26, Bloomberg reported that cryptocurrency, venture capital, and prediction market firms associated with Donald Trump and his family are ramping up efforts to hire lawyers and lobbyists in preparation for possible congressional investigations. The report states that Democratic lawmakers have requested information from World Liberty Financial and 1789 Capital, focusing on whether these firms received government contracts, policy advantages, and if there are any conflicts of interest. Analysts believe that even if Democrats gain a majority in Congress during the midterm elections, the investigations may face obstacles, including challenges in compelling foreign individuals to provide testimony or documents, and uncertainty regarding whether federal agencies like the Department of Justice will take further action. The related firms and the Trump family maintain that their business activities are in compliance with legal regulations.

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