On September 28 local time, Reuters reported exclusively from several members of the U.S. Congress, lawmakers, and lawyers that if the Democrats win control of the House of Representatives or the Senate in the November mid-term elections, Trump and his family's business empire could face congressional investigation. Among those likely to be among the first targets of investigation are the corporate donors to President Trump's enterprises, as well as those involved in business transactions orchestrated by members of Trump's family.
According to reports, once the Democratic Party controls either of the two chambers of Congress, it will have the power to issue subpoenas and receive funding for expanding its investigative team. Investigations are expected to begin as early as February next year, leading to a long-lasting legal battle. Over the past two years, the Trump family has expanded their business interests into areas such as cryptocurrencies, drones, artificial intelligence, and prediction markets. It is estimated that Trump’s personal wealth has increased by $2.2 billion.
Currently, cryptocurrency companies associated with Trump, as well as Trump’s son-in-law and venture capital firm “1789 Capital,” are under intense attention from Democratic lawmakers. However, Democratic U.S. Representative Jami Rashkin from Maryland and Democratic U.S. Senator Richard Blumenthal from Connecticut both stated that there is currently no confirmed list of targets for investigation. Some companies have already started preparations, including hiring lawyers for internal audits and firms specializing in crisis communications to handle potential investigations.
Democratic House Leader and New York State Federal Representative Hakim Jeffries said on September 17, “We will hold these scammers accountable from the first day.”
The Trump administration criticized the potential investigation. White House spokeswoman Olivia Wales insisted that the Democrats “have no agenda to improve the lives of American people,” and that their plans are based on unfounded accusations against President Trump, hindering his sensible agenda.
Additionally, Senator Sherrod White of Rhode Island released a report on September 25, alleging that certain companies received tax benefits, subsidies, and more lenient environmental regulations after Trump solicited $1 billion in donations from oil and gas companies during his 2024 presidential campaign. Reuters believes this could also become a direction for future investigations.
