Democrats Plan to Launch Investigations into Trump and His Family

Democrats, who won the majority in the House of Representatives and the Senate in the US midterm elections, are claimed to be preparing to launch comprehensive investigations into President Donald Trump and his family. According to a report by The New York Times, the investigations will cover the Trump family's cryptocurrency earnings amounting to $1.4 billion, suspicious stock trades, foreign investments, and potential conflicts of interest. It is noted that Democrats in Congress have been ineffective on these issues for about two years, but after the election victory, they will gain the authority to open investigations, hold hearings, and issue subpoenas. Robert Garcia, who is expected to become the chairman of the House Oversight Committee, called on White House officials he accused of corruption to "Get a lawyer!" and said, "The Trump crime family is at the top of our investigation priorities." The investigations are expected to be led by the House Oversight and Judiciary committees, and Maggie Hassan, who is likely to become the chair of the Senate Homeland Security and Governmental Affairs Committee, is also expected to conduct her own investigations. However, it is anticipated that some of Trump's business partners and allies will challenge some of the subpoenas in court, prolonging the process. Among the investigation topics are Trump's cryptocurrency company World Liberty Financial, his son-in-law Jared Kushner's private equity firm Affinity Partners, his son Donald Trump Jr.'s venture capital firm 1789 Capital, and the Trump Organization's foreign real estate deals. Also noteworthy is President Trump's praise of Dell and its founder Michael Dell after purchasing more than $1 million worth of Dell shares, followed by the Department of Defense signing a $9.7 billion contract with the company. Democrats are questioning the timing of the transactions. The report also notes that there is no indication that the Trump family violated any laws, so attempts to initiate impeachment proceedings could be difficult. Meanwhile, President Trump signed an executive order declaring the Oval Office in the White House a "national monument," paving the way for future changes to the office after his term to require congressional approval. Not investment advice.