Democrats Take Control of the House; World Liberty Financial Likely Among First Investigation Targets, Trump’s Pardon of Zhao Changpeng Also to Be Reviewed
Democrats have won control of the U.S. House, and incoming Oversight chair Robert Garcia says the committee will probe Trump family business, including crypto ventures. World Liberty Financial is likely an early target, with inquiries possibly starting in February. Traders should watch for political and regulatory risk around crypto ties to the Trump family and Trump's pardon of Binance co-founder Zhao Changpeng, which will also be reviewed.
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