{"id":6388,"date":"2026-02-06T08:13:41","date_gmt":"2026-02-06T08:13:41","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6388"},"modified":"2026-02-06T08:13:41","modified_gmt":"2026-02-06T08:13:41","slug":"house-democrats-probe-trump-linked-crypto-firm-over-500m-uae-investment","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6388","title":{"rendered":"House Democrats Probe Trump-Linked Crypto Firm Over $500M UAE Investment"},"content":{"rendered":"

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  • US House Democrats, led by Californian Representative Ro Khanna, have launched an investigation into a UAE royal family-linked entity\u2019s US$500 million investment into Trump-owned DeFi project, World Liberty Financial (WLFI).<\/span><\/li>\n
  • Khanna wrote to WLFI CEO, Zach Witkoff, seeking information about the deal including what exactly the UAE received, how profits are distributed, and how conflicts of interest were managed.<\/span><\/li>\n
  • Khanna wrote that the deal may have involved numerous crimes and potentially even breaches of the US Constitution.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    US House Democrats have launched an investigation into a reported US$500 million (AU$722m) investment made by an entity linked to the United Arab Emirates (UAE) royal family into the Trump family-owned DeFi project, World Liberty Financial (WLFI).<\/p>\n

    The investigation was revealed in a report from the Wall Street Journal<\/em> (WSJ) published Wednesday, with Californian Democratic Representative Ro Khanna subsequently posting on X \/ Twitter on Thursday that he\u2019d been behind the investigation.<\/p>\n

    \u201cI have launched an investigation as ranking member of the Select Committee on China into a $500 million UAE investment in the Trump family\u2019s cryptocurrency company,\u201d Khanna wrote.<\/p>\n

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    This is about public trust and transparency.<\/em><\/p>\n<\/div>\n

    \n US Representative Ro Khanna <\/div>\n<\/div>\n

    Donald Trump had (perhaps implausibly) previously denied any knowledge of the investment, saying Monday \u201cI don\u2019t know about it\u2026my sons are handling that \u2014 my family is handling it.\u201d<\/p>\n

    According to the WSJ report, the man behind the investment in Trump-owned WLFI was Sheikh Tahnoon bin Zayed Al Nahyan, a prominent Emirati politician who has served as the UAE\u2019s National Security Adviser since 2016.<\/p>\n

    Tahnoon\u2019s US$500 million investment in WLFI bought the UAE a 49% ownership stake in WLFI. The WSJ report also claimed that Tahnoon sought access to tightly restricted advanced artificial intelligence computer chips as part of the deal.<\/p>\n

    As part of his investigation, Khanna sent a letter containing a list of questions to WLFI CEO, Zach Witkoff (coincidentally also the son of Trump\u2019s Middle East Envoy, Steve Witkoff), seeking clarification about the specific details of the investment deal. Khanna has also sought records relating to WLFI\u2019s profit and revenue distribution and information detailing how conflicts of interest have been managed.<\/p>\n

    Khanna also referenced other \u201cproblematic entanglements\u201d between WLFI, the Trump family and the UAE \u2014 including the use of WLFI\u2019s USD1 stablecoin to \u201cfacilitate a $2 billion investment by the Emiratis into Binance.\u201d<\/p>\n

    Khanna claimed that the Trump family\u2019s dealings with the UAE may involve numerous serious crimes and possibly even breaches of the US Constitution.\u00a0<\/p>\n

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    These arrangements are not just a scandal, but may even represent a violation of multiple laws and the US Constitution.<\/em><\/p>\n<\/div>\n

    \n US Representative Ro Khanna <\/div>\n<\/div>\n

    Related: UAE-Backed Fund Bought 49% of Trump-Linked Crypto Firm Ahead of White House Return<\/strong><\/p>\n

    Khanna a Proponent of Banning Senior Government Officials From Owning Crypto<\/h2>\n

    In October last year, Khanna introduced legislation that would ban senior government officials \u2014 including the president, vice president, members of Congress, and their immediate families \u2014 from trading crypto, citing concerns over conflicts of interest and foreign interference.<\/p>\n

    Khanna\u2019s eagerness to see greater regulation and oversight of the industry reflects the broader political chasm in Washington between the pro-crypto Republicans and the Democrats, who are increasingly focussed on curtailing corruption and conflict of interest connected to crypto.<\/p>\n

    Related: Treasury Secretary Bessent Questioned Over Trump-Linked Crypto Firm and Bitcoin Oversight<\/strong><\/p>\n

    Khanna has also been a strong supporter of increased transparency around the Epstein files and, on February 5, called for every person who emailed Epstein about visiting his notorious island to be hauled before the US Congress to explain themselves.<\/p>\n

    The latest tranche of Epstein files revealed that early Bitcoin contributor and co-founder of Blockstream, Adam Back, likely visited Epstein\u2019s island in 2014. The files also revealed Epstein was an early investor in Blockstream and other crypto startups, including Coinbase.<\/p>\n<\/p><\/div>\n

    Law,UAE,World Liberty Financial#House #Democrats #Probe #TrumpLinked #Crypto #Firm #500M #UAE #Investment1770365621<\/p>\n","protected":false},"excerpt":{"rendered":"

    US House Democrats, led by Californian Representative Ro Khanna, have launched an investigation into a UAE royal family-linked entity\u2019s US$500 million investment into Trump-owned DeFi project, World Liberty Financial (WLFI). Khanna wrote to WLFI CEO, Zach Witkoff, seeking information about the deal including what exactly the UAE received, how profits are distributed, and how conflicts<\/p>\n","protected":false},"author":1,"featured_media":6389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2246,62,2245,2096,1464,127,1265,1175,2109],"class_list":{"0":"post-6388","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-500m","9":"tag-crypto","10":"tag-democrats","11":"tag-firm","12":"tag-house","13":"tag-investment","14":"tag-probe","15":"tag-trumplinked","16":"tag-uae"},"yoast_head":"\nHouse Democrats Probe Trump-Linked Crypto Firm Over $500M UAE Investment - 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=6388\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Democrats Probe Trump-Linked Crypto Firm Over $500M UAE Investment\" \/>\n<meta property=\"og:description\" content=\"US House Democrats, led by Californian Representative Ro Khanna, have launched an investigation into a UAE royal family-linked entity\u2019s US$500 million investment into Trump-owned DeFi project, World Liberty Financial (WLFI). 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