Crypto and investment firms tied to the Trump family are pre-emptively bracing for investigations following the Democratic Party’s midterm elections.
55 minutes ago
According to Bloomberg, as the U.S. midterm elections approach and the likelihood of Democrats regaining at least one chamber of Congress rises, cryptocurrency, venture capital, and prediction market firms linked to former President Trump and his family are strengthening their legal and lobbying teams to prepare for potential congressional investigations. The firms in question include the Trump family co-founded crypto project World Liberty Financial, prediction market platforms Polymarket and Kalshi, Changpeng Zhao, and venture capital firm 1789 Capital. Some of these companies have hired prominent lawyers and lobbyists, several of whom have ties to Democratic lawmakers. Democrats have previously demanded relevant information from World Liberty Financial and 1789 Capital, and asked the U.S. Department of Justice to clarify the circumstances surrounding Binance co-founder Changpeng Zhao’s receipt of a Trump pardon. Democratic lawmakers have said that if they secure a congressional majority, they will use investigative and subpoena powers to examine potential conflicts of interest between the Trump family’s business interests and government policies, including whether the firms have obtained government contracts or other special treatment. The report points out that the ongoing investigations still face obstacles, including some evidence and documents being located overseas, and uncertainty over whether federal agencies such as the Department of Justice will take further action. The involved firms maintain that their business activities are in compliance with the law.
U.S. stocks extended their gains, with the Nasdaq rising 1.00% and the S&P 500 index up 0.78%.
1 minutes ago
Canada is holding a public consultation on its stablecoin regulatory draft, and continues to ban stablecoin issuers from paying interest.
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CZ appears at the bell-ringing ceremony for BNB Standard’s Nasdaq listing.
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Google, Amazon, and Broadcom provide $77 billion in financing to Anthropic.
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Ansem: The market will correct in the short term; he is bearish on BTC, ETH and large-cap tech stocks, and expects market volatility to intensify in the fourth quarter.
1 minutes ago
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