Washington, D.C. — House Democrats are mapping out sweeping investigations into Trump, his family and his administration, Trump’s meme coin is selling seats at a dinner with the president as buyers lose billions, and housing groups are suing to stop Trump’s unconstitutional funding clawback.
The Most Corrupt Administration in American History Is About to Meet a Democratic House
House Democrats are preparing a vast oversight agenda for when they take the majority in January. Robert Garcia at Oversight has named Trump family business deals, the Epstein investigation, and ICE operations among his priorities. Gregory Meeks at Foreign Affairs is targeting Trump’s actions around the Iran war and Venezuela, while Jared Huffman at Natural Resources is digging into the ballroom, the proposed arch and the Trump family’s minerals deals. Jamie Raskin at Judiciary called the corruption “gargantuan,” and he’s right. Ballroom donors and Trump family business partners are expected to be among the first targets, and Jim Himes, in line to chair Intelligence, has already put contractors on notice.
Trump’s Meme Coin Grift Has Burned Even His Biggest Fans
Trump’s personal cryptocurrency, a digital token sold under his name, is promising the 185 people who own the most of it a seat at “the most exclusive dinner in the world.” The top 29 buyers also get a VIP reception with Trump himself. The winners will be picked by a formula built to juice $TRUMP sales over the next two months. The coin has already made Trump $635 million, part of the $1.4 billion he disclosed earning last year. Meanwhile, buyers of his crypto products have lost an estimated $4.7 billion, with one investor watching $450,000 shrink to about $50,000. The young men Trump courted with crypto are pissed: his approval among voters under 30 has cratered to 19%.
Housing Groups Sue Over Trump’s Illegal Funding Grab
The National Urban League and state and local housing nonprofits sued this week to block Trump’s cancellation of $56 million in HUD housing counseling grants. It’s part of an $810 million clawback Trump dumped on Congress days before the money expired, with the House gone until after the election. The Government Accountability Office has already found the scheme illegal. The groups argue it violates the Impoundment Control Act and the Constitution, comparing it to the line-item veto the Supreme Court struck down. Their complaint also charges that Trump slow-walked the grants out of deep animus toward the groups’ viewpoint, trampling their free speech rights. These organizations help low- and moderate-income families find and keep a home, and Trump is cutting them off for daring to disagree with him.
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