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Elizabeth Warren Targets Trump Family Crypto Firms in Her Banking Committee Oversight List
The Massachusetts Democrat likely takes the Senate Banking gavel in January, and her team says prediction markets are also in line for scrutiny.
Brief
Sen. Elizabeth Warren is preparing early oversight of crypto ventures linked to President Trump's family for when she chairs the Senate Banking Committee in January. A Warren aide, speaking anonymously because plans are unannounced, told Politico on Nov. 9 that Trump family crypto businesses should preserve documents alongside Big Tech chiefs and Wall Street executives. Democrats' Nov. 3 midterm wins gave them the Senate majority and the chair. Trump defended his stake in World Liberty Financial in a 60 Minutes interview aired Nov. 8, saying he knew nothing about it and his sons run the company. The aide also said Warren wants to curb prediction markets, where insiders have cashed in.
Why it matters: It signals that crypto ventures linked to the president's family may draw congressional scrutiny once Democrats control the Senate Banking Committee.
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Warren lines up oversight of Trump family crypto firms for January