Trump-linked tokens fall after Democrats win House and Senate

Democratic wins leave Trump without a trifecta

Democrats outperformed expectations in the midterm elections and secured control of both the House of Representatives and the Senate in the next Congress.

The source describes the performance as a “blue tsunami.” It also says President Donald Trump will no longer have a trifecta, meaning his party will not control the presidency and both chambers of Congress.

Tokens linked to the Trump family move lower

• $MELANIA fell more than 5% since polls closed.
• $TRUMP fell nearly 10% since polls closed.
• The token linked to World Liberty Financial fell about 3% since the first polls closed.
• Senator Ron Wyden signalled that Democrats intend to use Congress’s oversight role, posting “Subpoenas.”
• Trump blamed Fox News for Republican losses.

Confirmed details on the results and the project

World Liberty Financial was co-founded by several members of the Trump family, including Donald Trump, Donald Trump Jr., Eric Trump and Barron Trump.

Its founding team also includes Steve Witkoff, described in the source as Trump’s special envoy to the Middle East.

The source reports the token moves after polls closed and does not name the World Liberty Financial token in the supplied text.

Why oversight talk matters for these projects

The source says the election result turned out to be bad news for Trump family cryptocurrencies.

Wyden’s post points to possible use of congressional oversight, which is Congress’s role in examining and investigating matters within its authority.

What politicians said they plan to do next

Trump said Fox News “bears responsibility for these losses by constantly and consistently putting on the “Dumocrat” opposition, and worse.”

He also promised that he is “going to become a political pundit, both good and bad, on the reasons these candidates won and lost!”

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