One Corner of Crypto Missed the Post-Election Rally, and It Carries Trump’s Name

Dextape brief

By Dextape Desk · November 5, 2026

Official Trump (TRUMP) and Melania Meme (MELANIA) coins slid to record lows once Democrats captured Congress in the midterms, according to BeInCrypto. TRUMP fell 18.10% over 24 hours to $1.25, and MELANIA dropped 13.15%. Trump Media & Technology Group stock closed at $4.49 on the Nasdaq, a 24.54% decline and its lowest close on record. Meanwhile Bitcoin gained 4.36%. Rep. Robert Garcia, set to chair the House Oversight Committee, said the panel plans to scrutinize the family's crypto dealings, according to Punchbowl News. Fortune said World Liberty is expected to be first in line. Starting in January, subpoenas will not need the president's signature to compel records and witnesses, and White House spokeswoman Lauren Bis had called the effort a decade-long campaign.

Why it matters: Trump-linked crypto ventures face closer congressional attention as Democrats prepare to take over key oversight panels.

Mentioned: Bitcoin, Nasdaq

Summary by Dextape, based on reporting by BeInCrypto. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.