Senate Democrats Seek Hearings on UAE's $500M Investment in Trump Family Crypto Project

According to FinanceFeeds, five Democratic senators have called for immediate hearings into a $500 million investment by Abu Dhabi officials into World Liberty Financial, a cryptocurrency project associated with the Trump family. The agreement was signed four days before Trump's January 2025 inauguration, giving UAE investors a 49% stake in WLFI, with $218 million in funds already transferred to accounts linked to Trump and Middle East adviser Steve Witkoff.

Senators identified UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan as the principal investor, calling this the first instance of a foreign government official acquiring major equity in an incoming U.S. president's company. The lawmakers have raised concerns over the Trump administration's subsequent approvals of $1.4 billion in weapons sales and over $1 billion in advanced AI chip exports to the UAE.