TechFlow News, June 24: According to FinanceFeeds, five Democratic U.S. Senators sent a letter to multiple Republican committee chairs demanding an immediate hearing regarding the United Arab Emirates’ $500 million investment in World Liberty Financial (WLFI), a cryptocurrency project linked to the Trump family. The report states that an aide to Abu Dhabi’s royal family secretly signed an agreement four days before Trump’s January 2025 inauguration to acquire a 49% stake in WLFI for $500 million; foreign buyers have already prepaid $218 million to entities affiliated with Trump and his Middle East envoy Steve Witkoff.
The Senators identified UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan as the principal investor, calling this the first instance in U.S. political history where a foreign government official has taken a major equity stake in a company owned by a president-elect. Since Trump assumed office, his administration has approved $1.4 billion in arms sales to the UAE and over $1 billion worth of advanced AI chips. The Senators expressed grave concern over these developments and demanded that relevant officials testify under oath regarding their knowledge of these payments.
