Raskin Probes 1789 Capital's Vulcan Elements Bet and Subsequent Federal Funding

House Judiciary Democrats are investigating whether 1789 Capital's investment in rare earth company Vulcan Elements in August 2025 preceded insider access to federal funding. The Pentagon awarded Vulcan a $620 million loan in November 2025; Commerce provided a $50 million grant. Donald Trump Jr. is a 1789 Capital partner. The firm's counsel called the probe a "partisan stunt."