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‘Lawyer up’: Democrats take the House, and warn Trump’s family businesses are first in line for subpoenas

Democrats can’t override Trump’s veto, but the incoming Oversight chair promised to probe the family’s crypto deals, and other family businesses.

‘Lawyer up’: Democrats take the House, and warn Trump’s family businesses are first in line for subpoenas

Democrats have secured control of the House of Representatives in the 2022 midterm elections, according to projections from NBC News and MSN. This victory positions them to scrutinize the businesses owned by President Donald Trump's family. To achieve a narrow three-seat majority, Democrats won key races in Republican-held suburban and swing districts across various states.

The win gives them limited power to influence the president's policies, but it also grants them significant investigative authority. The new Democratic House Leader, Rep. Hakeem Jeffries, warned that his committee will target "Trump family corruption," including the president's cryptocurrency ventures, Jared Kushner's business dealings, and alleged pay-to-play arrangements.

The House's subpoena power, which does not require the president's approval, will be a powerful tool to compel information from the administration, private companies, and individuals. The first target on Democrats' radar is World Liberty Financial, the Trump family's cryptocurrency company, which is being investigated by the Treasury Department.

Other potential targets include the "Spy Sheikh," an Emirati royal who invested $500 million in the company, and companies that entered into contracts with Trump family members. Democrats are prepared to subpoena private entities to bypass potential resistance from the White House. The White House has dismissed the plans, with a spokeswoman claiming that the Democratic agenda is focused on continuing their "decade-long witch hunt against President Trump."

Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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