Lawmakers question potential conflicts after UAE officials acquired 49% of World Liberty Financial with $218M upfront payments.
Senate Democrats are demanding hearings into a $500 million investment by UAE officials in Donald Trump’s crypto venture, World Liberty Financial. The deal, which included $218 million in upfront payments to Trump-linked entities, raised concerns over foreign influence on U.S. policy decisions toward the Gulf state.
The lawmakers cited a series of Trump administration actions that benefited the UAE, including diplomatic and economic decisions. The 49% stake sale to UAE-linked investors was described as unprecedented, prompting calls for sworn testimony on potential conflicts of interest.
Senators Elizabeth Warren, Richard Blumenthal, and others requested hearings across multiple Senate committees to examine the deal’s implications. The probe focuses on whether the investment influenced policy shifts during Trump’s presidency.