UAE’s $500M Investment in Trump-Linked Crypto Firm Under Investigation
- Representative Ro Khanna has initiated a probe into a $500 million investment by UAE’s Sheikh Tahnoon bin Zayed Al Nahyan in World Liberty Financial, linked to the Trump family.
- The investment involved purchasing a 49% stake in the company, with $187 million directed to Trump family entities and $31 million to Steve Witkoff’s affiliates.
- Following the deal, U.S. policy reversed Biden-era restrictions on AI chip exports to the UAE, raising concerns about potential policy influence.
- Khanna has requested records from World Liberty Financial by March, including agreements with Aryam Investment and communications related to export controls.
The investigation seeks transparency regarding whether financial interests influenced U.S. policy changes on advanced AI chip exports to the UAE, potentially affecting national security.
Khanna emphasizes that robust policy discussions should not be compromised by personal financial interests of the President or associated entities. Source
