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$500M UAE Funds In Trump-Linked Project Draw Congressional Inquiry

United States Rep. Ro Khanna has opened a centered inquiry right into a reported $500 million funding by an Abu Dhabi-linked group in World Liberty Financial, a crypto enterprise tied to the Trump household.

Reports say Khanna has requested the corporate for a large set of information and is urgent for readability about who owns what, how cash moved, and whether or not any of it flowed to entities tied to US President Donald Trump’s household.

Trump Deal: Khanna Seeks Records And Payment Trails

In a proper letter to World Liberty Financial co-founders, Khanna demanded possession paperwork, capitalization information, financial institution switch information, board supplies and inner communications associated to the deal.

The letter units a compliance timeline and tells the agency to protect related supplies whereas investigators evaluate. The request makes clear the committee needs to hint any funds linked to the deal.

Khanna Leads The Push On National Security Questions

Khanna, because the rating member of the House Select Committee on Strategic Competition, framed the inquiry as greater than bookkeeping.

He linked the timing of the funding to coverage strikes involving exports of superior AI chips to the UAE and stated that raises nationwide safety questions.

The lawmaker needs to know whether or not overseas cash had any affect on coverage selections that have an effect on US strategic competitors.

Link To AI Chip Exports Questioned

Reports word that the UAE-linked deal was struck shortly earlier than a notable change in US export approvals for sure AI semiconductors, and Khanna requested officers to clarify any overlap between the transaction and people coverage shifts.

He additionally flagged issues concerning the function of WLFI’s USD1 stablecoin in giant crypto transactions and whether or not such flows had different downstream results. Those strains of inquiry goal to attach monetary strikes to coverage outcomes.

Trump Denies Knowledge Of Deal

US President Donald Trump has stated he was not aware of the deal and that his household’s companies function individually, in response to latest media protection.

World Liberty Financial has described the transaction as a non-public enterprise matter. Media retailers reporting on the story have highlighted the reported measurement of the stake — roughly a near-half possession — and the truth that the fee was disclosed solely after press reviews surfaced.

Featured picture from Unsplash, chart from TradingView

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