Donald Trump Jr.'s venture capital firm rejects House Democrat's accusations of "insider political influence"

Updated on: September 9, 2026 / 4:09 PM EDT / CBS News

Donald Trump Jr.'s venture capital firm rejects House Democrat's accusations of "insider political influence"

TL;DR

  • Donald Trump Jr.'s venture capital firm, 1789 Capital, is reportedly fighting back against accusations of "insider political influence" from House Democrat Jamie Raskin.
  • The firm's legal counsel rejected Raskin's characterizations and refused to provide requested confidential business records, calling the demands "political gamesmanship."
  • Raskin had launched an investigation into 1789 Capital, alleging it invested in companies just before they received federal funding or favorable policy decisions.
  • Examples cited by Raskin include Polymarket, Juul, Anduril Industries, and a rare-earth company called Vulcan.
  • Democrats currently lack subpoena power, which would be needed to compel the firm to provide records if they win the House majority in the midterms.
  • 1789 Capital's lawyers stated that one cited company had federal business dating back before the firm's investment and called the firm "one of many institutional investors."