{"id":10154,"date":"2026-06-24T09:41:41","date_gmt":"2026-06-24T09:41:41","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10154"},"modified":"2026-06-24T09:41:41","modified_gmt":"2026-06-24T09:41:41","slug":"senate-democrats-demand-probe-into-trump-family-crypto-ventures-uae-links","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10154","title":{"rendered":"Senate Democrats Demand Probe Into Trump Family Crypto Venture\u2019s UAE Links"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_fb5d9ec8d6b79c97111842f67e3dd83a\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Senate Democrats are seeking hearings into a reported US$500 million (AU$710 million) UAE-backed investment in World Liberty Financial, a crypto venture linked to the Trump family.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lawmakers are examining whether the investment and subsequent US policy decisions involving AI chip exports to the UAE could present conflicts of interest or national security concerns.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Donald Trump has denied involvement in the transaction, saying he was unaware of the investment and does not participate in the company\u2019s daily operations.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Senate Democrats are pressing Republican leaders to hold hearings into reported financial links between the Trump family\u2019s crypto venture, World Liberty Financial (WLFI), and an Abu Dhabi investment vehicle associated with Sheikh Tahnoon bin Zayed Al Nahyan. The lawmakers argue that the matter raises questions about potential conflicts of interest and implications for US national security.<\/p>\n<p>A letter sent on 23 June by Democratic senators including Elizabeth Warren, Ron Wyden, Richard Durbin, Gary Peters and Richard Blumenthal called for immediate hearings into the reported arrangement. Because Republicans control both chambers of Congress, they would determine whether any such hearings proceed.<\/p>\n<p>According to reports cited by lawmakers, an investment vehicle backed by Sheikh Tahnoon acquired a 49% stake in WLFI through a deal valued at US$500 million (AU$710 million). The agreement was reportedly signed by Eric Trump on 16 January 2025, four days before Donald Trump\u2019s inauguration.<\/p>\n<p><strong>Related: Top Shareholder Sues Solmate Leadership, Alleging Self-Dealing and Mismanagement<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-examining-the-investment-structure\">Examining the Investment Structure\u00a0<\/h2>\n<p>Lawmakers said US$250 million (AU$355 million) was paid upfront, with approximately US$187 million (AU$265.5 million) going to Trump family-linked entities and more than US$31 million (AU$44 million) directed to entities connected to WLFI co-founder Steve Witkoff\u2019s family. Witkoff\u2019s son, Zach Witkoff, currently serves as the company\u2019s chief executive.<\/p>\n<p>The senators also questioned the timing of a subsequent Trump administration framework that granted the United Arab Emirates access to advanced AI chips. They argued Congress should examine whether the investment was connected to later policy decisions and determine whether any benefits were provided in return.<\/p>\n<p>Trump has stated that he was unaware of the investment and is not involved in WLFI\u2019s day-to-day operations. Earlier this year, Democratic lawmakers also sought a national security review of the transaction.<\/p>\n<p><strong>Related: Australian Crypto Unicorn Immutable Scales Back Game Development in AI Pivot\u00a0\u00a0<\/strong><\/p>\n<\/p><\/div>\n<p>Cryptocurrency,UAE#Senate #Democrats #Demand #Probe #Trump #Family #Crypto #Ventures #UAE #Links1782294101<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate Democrats are seeking hearings into a reported US$500 million (AU$710 million) UAE-backed investment in World Liberty Financial, a crypto venture linked to the Trump family. Lawmakers are examining whether the investment and subsequent US policy decisions involving AI chip exports to the UAE could present conflicts of interest or national security concerns. Donald Trump<\/p>\n","protected":false},"author":1,"featured_media":10155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[62,693,2245,481,3075,1265,78,283,2109,5136],"class_list":["post-10154","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-crypto","tag-demand","tag-democrats","tag-family","tag-links","tag-probe","tag-senate","tag-trump","tag-uae","tag-ventures"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Senate Democrats Demand Probe Into Trump Family Crypto Venture\u2019s UAE Links - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10154\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senate Democrats Demand Probe Into Trump Family Crypto Venture\u2019s UAE Links\" \/>\n<meta property=\"og:description\" content=\"Senate Democrats are seeking hearings into a reported US$500 million (AU$710 million) UAE-backed investment in World Liberty Financial, a crypto venture linked to the Trump family. 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Lawmakers are examining whether the investment and subsequent US policy decisions involving AI chip exports to the UAE could present conflicts of interest or national security concerns. Donald Trump","og_url":"https:\/\/cryptonews.uk.com\/?p=10154","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-06-24T09:41:41+00:00","author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=10154","url":"https:\/\/cryptonews.uk.com\/?p=10154","name":"Senate Democrats Demand Probe Into Trump Family Crypto Venture\u2019s UAE Links - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=10154#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=10154#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/06\/crypto-venture-uae.jpg","datePublished":"2026-06-24T09:41:41+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=10154#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=10154"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=10154#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/06\/crypto-venture-uae.jpg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/06\/crypto-venture-uae.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=10154#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Senate Democrats Demand Probe Into Trump Family Crypto Venture\u2019s UAE Links"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto &amp; Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/10154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10154"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/10154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/10155"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}