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Senate Democrats demand hearings on $500M UAE investment in Trump-linked crypto firm amid national security concerns.

Market News
24 Jun 2026, 09:36 WIB
Crypto news
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Bearish
Senate Democrats demand hearings on $500M UAE investment in Trump-linked crypto firm amid national security concerns.

Senate Democrats have called on Republican leaders to hold hearings investigating a $500 million investment by an Abu Dhabi-backed entity in World Liberty Financial, a crypto firm linked to the Trump family. They want to examine if this investment influenced Trump administration decisions on arms sales and AI chip access to the UAE, raising national security concerns. The request follows months of scrutiny over World Liberty's foreign ownership, regulatory filings, and federal bank charter application. Democrats also criticized crypto regulation rollbacks and questioned related presidential pardons, while Trump denies involvement in daily operations.

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