Trump’s World Liberty Financial Under Fire as Warren Seeks Probe of UAE Crypto Deal
The post Trump’s World Liberty Financial Under Fire as Warren Seeks Probe of UAE Crypto Deal appeared on BitcoinEthereumNews.com.
United States Senator Elizabeth Warren has called for a congressional investigation into a new secret investment made by a UAE Royal entity into Trump’s crypto firm, World Liberty Financial. She claimed shades of corruption in the deal and called for immediate intervention. Warren Continues Probe into World Liberty Financial In a new investigation conducted by WSJ, an entity in the United Arab Emirates purchased a 49% stake in WLFI for $500 million. This buy was done just days before Trump became the President of the United States. The transaction involves an entity supported by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser, often referred to as the “Spy Sheikh.” Eric Trump signed the deal, which brought in about $187 million for the Trump family business. Additionally, $31 million was linked to Steve Witkoff, an ally of the President. Shortly after the World Liberty Financial deal, the United States agreed to let the UAE purchase many advanced AI chips from Nvidia. Lawmakers began to scrutinize this agreement. Senator Elizabeth Warren quickly criticized the deal following her earlier concerns about the WLFI bank bid. She said in a statement that this is plain corruption and should not be left without investigation. “This is corruption, plain and simple. The Trump Administration must reverse its decision to sell sensitive AI chips to the United Arab Emirates,” She said. “Officials must testify in front of Congress on mounting evidence that they sold out American national security in order to benefit the President’s crypto company” A White House spokesperson told WSJ that there were no conflicts of interest whatsoever in the World Liberty Financial deal. She also stated that the President works only in the best interests of U.S. citizens. Trump Crypto Business Scrutiny Grows The new investigation is not the first time…
Filed under: News - @ February 2, 2026 6:14 am