Democrats have taken control of the House of Representatives, according to projections from NBC News and MS NOW. The result gives the party limited power over the president's legislative agenda but broader authority to investigate businesses run by his family. Democrats needed only a net gain of three seats and won several Republican-held or swing districts. Rep. Robert Garcia of California, set to lead the House Oversight panel, has said the panel will examine the Trump family's cryptocurrency ventures, which have reportedly earned him more than $1 billion. World Liberty Financial, the family's crypto company, is described as likely to be the first target, with subpoenas able to be issued without the president's signature. Officials at the White House have brushed aside the efforts.
Why it matters: The shift gives Democrats subpoena power over Trump family businesses including crypto firms, placing the president's digital asset ventures under possible congressional review.
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