Odaily Planet Daily reports that five Democratic senators urged the Republican committee chair on Tuesday to immediately hold a hearing to investigate reports that the UAE invested $500 million in Trump family’s cryptocurrency firm, World Liberty Financial.
It is reported that, four days before Trump’s inauguration last year, an aide to the Abu Dhabi royal family signed an agreement to purchase a 49% stake in World Liberty Financial for $500 million, with an initial payment of $218 million made to entities associated with Trump and his diplomat for Middle East affairs, Steve Witkoff. Senator confirmed that the supporter is Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s National Security Advisor.
Since Trump took office in January 2025, his administration has approved several transactions favorable to the UAE, including a $1.4 billion arms sale in May 2025 and authorization in November for the sale of over 100 million advanced AI chips to the UAE’s G42 company. (financefeeds)