Reuters reports that if Democrats gain control of the US House of Representatives or the Senate in the November midterm elections, they may strengthen investigations into crypto firms, prediction markets and Wall Street banks, and obtain the authority to summon heads of regulators and corporate CEOs to hearings. Democratic lawmakers are prepared to investigate the business links between Trump, his family and the cryptocurrency and prediction market industries, focusing on potential conflicts of interest and national security risks. The report notes such investigations may not stop the Trump administration from easing financial regulations, yet could slow down policy rollout and raise legal and reputational risks for enterprises.
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