Democrats Seek Hearings on $500M Trump-UAE Crypto Deal

A group of U.S. Senate Democrats is pressing Republican leadership to open hearings into a reported $500 million investment linking a Trump family-linked cryptocurrency firm to Abu Dhabi royalty, citing national security and conflict-of-interest concerns. In a letter sent on Tuesday, June -, the lawmakers urged Republicans, who control the Senate's committee system, to call witnesses from the Trump administration to investigate whether the deal influenced presidential decisions.

The push follows earlier reporting that an Abu Dhabi investment company backed by Sheikh Tahnoon bin Zayed Al Nahyan, a key UAE national security adviser, signed a deal in January 2025 to purchase a 49% stake in World Liberty Financial, a crypto platform associated with President Donald Trump. The Democrats' letter argues the transaction warrants scrutiny beyond an ordinary business arrangement.

Central to the lawmakers' concern is the sequence of events following the reported investment. They note that in May 2025, the Trump administration agreed to a major arms and artificial intelligence chip deal with the UAE. The senators said this occurred despite concerns raised by U.S. national security officials...