Trump says George Washington would have been all over crypto

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TL;DR: Donald Trump’s crypto ventures face growing scrutiny as Democrats prepare to investigate potential ethics violations, foreign government investments, and financial dealings involving his crypto companies. Meanwhile, $TRUMP and WLFI tokens have suffered steep declines following the midterm elections, as Trump Media & Technology Group struggles with falling stock prices, Bitcoin exposure, and looming debt obligations despite reporting higher quarterly revenue.

Key Takeaways:

Donald Trump keeps insisting there’s nothing illicit about enjoying a billion-dollar crypto windfall while serving as United States president, but with Democrats about to take control of Congress, his stance appears set for a serious stress test.

On Sunday, CBS News program 60 Minutes aired Trump’s first sit-down interview since his Republican party received a drubbing for the ages in last week’s midterm elections. Come January, Democrats will regain control over both legislative chambers, along with the associated ability to issue subpoenas to support probes of suspected corruption among the Trump administration.