5 Senate Democrats Demand Hearings Into Trump’s World Liberty Financial
Five Senate Democrats are demanding quick hearings into World Liberty Financial, the Trump family-backed crypto agency, over a reported $500 million stake bought by lieutenants tied to a United Arab Emirates royal earlier than the President’s inauguration.
The lawmakers despatched their request to the Republican chairs of 5 Senate committees on June 23. They need Trump administration officers to testify beneath oath about what they knew relating to the funds.
Democrats Demand Hearings on World Liberty UAE Stake
The signatories are rating members of the Senate: Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden. Their letter went to the chairs of the Banking, Finance, Judiciary, Homeland Security, and Investigations panels.
The senators pointed to a WSJ report. The report revealed that an Abu Dhabi car, Aryam Investment, acquired a 49% stake in World Liberty Financial (WLF) for roughly $500 million. The deal was reportedly signed 4 days earlier than the January 2025 inauguration.
The firm is backed by Sheikh Tahnoon bin Zayed Al Nahyan, the nation’s nationwide safety adviser and supervisor of its largest wealth fund. According to the Journal, about $187 million went to Trump family-linked entities, whereas roughly $31 million flowed to Witkoff family-linked entities.
The letter connects the funding to later authorities actions. Within months, the administration authorised $1.4 billion in arms gross sales to the UAE, the senators notice.
The lawmakers additionally cite the approved sale of 35,000 superior US AI chips to UAE firm G42. That clearance got here in November 2025, regardless of officers flagging nationwide safety issues.
Meanwhile, the senators reference steps to ease crypto oversight, together with disbanding the Justice Department’s National Cryptocurrency Enforcement Team.
“We are deeply involved about this sequence of occasions, which increase questions on what extra the UAE could obtain – or could have already obtained – on the expense of U.S. nationwide safety after investing within the Trump household crypto firm,” the letter reads.
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White House Rejects Conflict Claims as Probes Stack Up
World Liberty Financial has beforehand rejected such issues. An organization spokesperson has mentioned neither Trump nor Steve Witkoff has been concerned within the transaction or within the agency since taking workplace.
The White House has (*5*) maintained that the president’s property sit in a belief managed by his kids. They added that there is no such thing as a battle of curiosity.
Meanwhile, this isn’t the senators’ first transfer. In February, Warren and Andy Kim wrote to Treasury Secretary Scott Bessent over the deal.
Senator Warren has constantly criticized Trump’s cryptocurrency ventures involving the UAE. Last 12 months, BeInCrypto reported that the lawmaker argued the Trump administration’s AI and crypto partnerships with the Gulf nation might pose nationwide safety dangers.
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