Senate Democrats Demand Investigation Into Trump-Linked Crypto Deal With UAE

A group of Senate Democrats is calling for congressional hearings into a reported $500 million deal involving the Trump family’s crypto company and investors connected to the United Arab Emirates, arguing that the arrangement raises serious national security and conflict-of-interest concerns.

Democrats Seek Hearings on World Liberty Financial Investment

In a letter sent to Senate Republican leaders, Democratic lawmakers urged immediate hearings into the reported investment in World Liberty Financial, a crypto platform linked to US President Donald Trump. They also called for Trump administration officials to testify under oath about the deal and any related government decisions.

According to reports, an Abu Dhabi investment firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser, agreed in January 2025 to purchase a 49% stake in World Liberty Financial.

Questions Raised Over Later UAE Agreements

Democrats pointed to a major arms and artificial intelligence chip agreement reached between the Trump administration and the UAE several months after the investment. Lawmakers noted that some US national security officials had expressed concerns that advanced chip technology could eventually be accessed by China.

The senators said Congress must determine whether the UAE investment influenced any decisions made by President Trump or his administration. Trump has previously stated that he was unaware of the World Liberty Financial transaction.

Lawmakers Cite National Security Concerns

The letter was signed by Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin and Ron Wyden. The group also criticized what they described as efforts by the administration to reduce crypto industry oversight, including changes to enforcement policies and the disbanding of the Justice Department’s crypto enforcement team.

The latest request follows several previous Democratic efforts to examine World Liberty Financial’s business activities. Earlier this year, Senator Warren called for a review of the UAE investment, while other lawmakers questioned regulatory decisions involving crypto entrepreneur Justin Sun and investigated presidential pardons connected to the digital asset industry.

The controversy highlights growing scrutiny of the intersection between cryptocurrency, foreign investment and government policy as the digital asset sector gains influence in Washington.