Remember how Trump pulled $57M+ from WLFI sales?
Now senator from his own party wants their family's crypto investigated. Republican senator John Curtis sent a letter on September 21 asking the Senate Judiciary Committee to dig into Donald Trump Jr's business deals
Foreign real estate and defense investments are on the list too, but the crypto side is what stands out:
>
$WLFI, the Trump family's DeFi project that raised $550M across two token sales
> $USD1, the stablecoin WLFI launched
> Kalshi, which brought Trump Jr on as strategic advisor in January 2025
> Polymarket, where Trump Jr's VC fund 1789 Capital invested before he joined its advisory board too
Why does the prediction market part matter so much?
Kalshi and Polymarket are both regulated by CFTC, the federal agency that decides what they can and can't offer, so both depend heavily on its decisions
Keep in mind that CFTC's commissioners are appointed by the president, so his son is advising platforms whose rules get set by his own dad's picks
Curtis also wants Hunter Biden subpoenaed alongside him, so both presidential sons would have to answer for their crypto side hustles
And of course,
$MELANIA topped at $13 the day before the inauguration and now trades 99% lower, with a class action alleging the launch team quietly dumped on degens
Is the backlash finally coming?