Democrats plot Kushner and Trump crypto probes if they regain Congress

By 
, October 4, 2026

Democratic senators plan to probe Jared Kushner and Trump family crypto deals if they win Congress this November, a move Republicans say voters reject.

Sen. Ruben Gallego of Arizona put President Trump’s son-in-law at the top of the target list, telling the Daily Mail that Democrats would investigate Jared Kushner’s business ties if they control either chamber after the elections and gain subpoena power.

Sen. Richard Blumenthal of Connecticut has aimed the same threat at World Liberty Financial, the crypto firm co-founded by Donald Trump Jr., Eric Trump, and the sons of Special Envoy Steve Witkoff, along with the stablecoin issuer Tether. Republicans call the talk pure political theater.

Winning the House or Senate would hand Democrats the subpoena power they lack now. That prospect has already produced open talk of hearings, witness lists, and fresh scrutiny of Gulf money and digital-asset deals tied to people around the president.

Gallego puts Kushner first on the investigation list

Gallego, a potential 2028 presidential contender, framed Kushner’s dual roles as the core problem. He said the president’s son-in-law is negotiating with Saudi Arabia on behalf of the United States while also holding clients there.

"The President's son-in-law is negotiating with Saudi Arabia. He's negotiating on behalf of us, and also having clients in Saudi Arabia"

Kushner serves as United States Special Envoy for Peace and runs the private equity firm Affinity Partners. In 2021, Affinity Partners secured a $2 billion investment from Saudi Arabia’s Public Investment Fund. Democrats have spent years trying to dig into that Gulf money; they say he stonewalled every request.

He was never subpoenaed over those business dealings. He did appear voluntarily to discuss the January 6 Capitol attack. Earlier this year, Republicans on the House Foreign Affairs Committee blocked a measure that would have brought Kushner, Steve Witkoff, and Secretary of State Marco Rubio in over the Iran conflict.

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In April, Rep. Jamie Raskin, then the top Democrat on House Judiciary, said Kushner could not “both be a diplomat and a financial pawn of the Saudi monarchy at the same time.” The line captures the charge Democrats keep recycling: that official diplomacy and private capital cannot sit in the same hands.

Kushner’s public work has also included sensitive overseas talks, including when Kushner meets Hamas leaders in high-stakes regional diplomacy. That record only sharpens the Democratic demand for financial disclosure if they regain the gavel.

On Friday, Kushner posted on X that he has ignored “false and misleading stories” about his work and will respond “from time to time.” Daily Mail reached out for further comment.

Blumenthal trains fire on World Liberty Financial and Tether

Blumenthal, the top Democrat on the Senate’s Permanent Subcommittee on Investigations, called himself the panel’s “hopeful chairman.” He said World Liberty Financial is in his sights and that he wants to examine “the financial ties between the administration and Tether.”

He claimed Tether’s token is “enabling Iran to evade sanctions during the war” and has aided “money laundering and gun trafficking.” The firm is the world’s largest stablecoin issuer. Democrats on the Senate Banking Committee also sent a letter earlier this year over a reported Tether loan tied to a trust that still benefits the children of Commerce Secretary Howard Lutnick, even after Lutnick divested his stake in Cantor Fitzgerald.

Tether rejected the premise that election results would change its posture. A spokesperson said the company’s approach “doesn’t change with the makeup of Congress” and pointed to its law-enforcement record.

"We work with over 340 law enforcement agencies in 70 countries, have supported more than 2,900 investigations globally, including over 1,600 involving U.S. law enforcement, and have helped freeze more than $5 billion in illicit assets."

Donald Trump Jr. and Eric Trump co-founded World Liberty Financial with Zach and Alex Witkoff. Daily Mail sought comment from the Trump sons as well. No on-record replies appear in the reporting beyond the outreach itself.

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Family-focused political attacks are not new around this White House. Coverage of the broader orbit has ranged from thin claims that outsiders are manipulating the Trump family to softer features on how the younger generation presents itself in public.

Hawley says Democrats are already “salivating”

Sen. Josh Hawley of Missouri told the Daily Mail on Tuesday that he was surprised Democrats had not already moved. He said they had “already practically sent out schedules, hearing schedules.”

"They probably have lined up their witnesses... they are just salivating to do that, which voters I think have zero interest in"

NRSC chairman Sen. Tim Scott told reporters he expects Republicans to hold their Senate majority and possibly expand it. That forecast, if it holds, would leave the Democratic hit list on the shelf.

Gallego also tied the investigative push to kitchen-table politics. He accused the Trump administration of driving up the cost of living, saying “you can’t buy a home” and that “gas prices are going to the roof.” The pivot is familiar: turn family business questions into a cost-of-living message while dangling subpoenas as the remedy.

Personal and political pressure on the Trump household has been a steady theme, from Melania Trump’s comments on shrinking family time to the constant glare that follows every relative who steps into public view.

Subpoena power, not proof, is the real prize

None of the Democratic statements announce an active subpoena. All of them are conditional on November. Control of either chamber would let Democrats compel testimony and documents from Trump donors, business partners, and family-linked firms, a path that could produce lengthy legal fights.

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The pattern is clear from the record already on the table. Democrats tried for years to force Kushner’s Gulf finances into the open and failed to subpoena him over those dealings. House Republicans blocked an Iran-related appearance earlier this year. Senate Banking Democrats have already probed the Lutnick-Tether trust issue by letter. What they lack is the majority needed to turn letters into compulsory process.

President Trump’s 2025 visit to Riyadh, where Crown Prince Mohammed bin Salman welcomed him on the first foreign trip of the second term, sits in the background of the Saudi narrative Democrats keep pushing. Kushner’s 2021 Affinity Partners deal and his current envoy role give them the contrast they want to litigate in hearings if they can.

That same media environment keeps every Trump relative under a microscope, whether the subject is policy, business, or even Barron Trump’s campus style as a separate public figure. Investigative theater thrives on the family name.

Blumenthal’s “hopeful chairman” line says as much as any policy brief. The agenda is ready. The witness lists, in Hawley’s telling, are already forming. The only missing piece is election night.

Voters will decide in November whether that machinery starts. Until then, the Democratic message is not a completed case. It is a promise of subpoenas aimed at Kushner’s Saudi ties and the Trump sons’ crypto venture, delivered while Republicans insist the public wants inflation relief, not another round of family inquisitions.

Committee chairs chase power first and facts second, and this hit list shows exactly where their priorities sit.

" A free people [claim] their rights, as derived from the laws of nature."
Thomas Jefferson