Blumenthal Gets Ready To Investigate “Crypto Corruption”

by Thomas Breen

Thanks to Tuesday’s “blue tsunami” during the midterm elections, U.S. Sen. Richard Blumenthal is in line to helm the Permanent Subcommittee on Investigations — which is “the principal investigative tool of the Senate.”

What’s at the top of his list to investigate?

“Crypto corruption.”

So said Connecticut’s senior U.S. senator on Thursday morning during an interview with the Independent following an unrelated press conference about new housing for veterans on Davenport Avenue in the Hill.

This reporter asked Blumenthal to weigh in on the Democrats taking back control of the Senate, as well as the House of Representatives, in large part thanks to their shockingly strong performance in Southern states like South Carolina and Texas. Democrats could control as many as 56 seats in the Senate after the final votes are counted in Alaska and Mississippi.

Blumenthal spoke about how he and his Senate Democratic colleagues need to prioritize “bringing down the costs of gas and groceries, [and] most especially healthcare. Americans deserve a better healthcare system, not rising premiums and an end of subsidies,” which came with President Donald Trump’s One Big Beautiful Bill.

Blumenthal also pointed out that he will be the chair of the Permanent Subcommittee on Investigations — a powerful post for investigating the Trump administration.

He said that “Crypto corruption” is at the top of his list of topics to investigate.

“Donald Trump made $2.2 billion last year,” he said. “That was his income, most of it from crypto schemes that involved taking money from foreign corporations or from other corrupt individuals. And the American people deserve to know where the money originated, how it went to World Liberty Financial and $TRUMP coin.“

He also singled out “vanity projects” that received “contributions from corporations that have pending merger agreements or regulations, [and] the other kinds of real estate deals. We need to be against corruption.”

That said, “we also need to be for something,” Blumenthal said.

“We need to be for healthcare and more education as well as protecting women’s health, reproductive rights, gun violence prevention.”

And then he took a step in another direction, noting that Democrats also “need to be mindful of the pitfalls of overpromising,” since “Trump still has got a veto power.”