Svmuu News: On Tuesday, five Democratic senators urged the Republican committee chairman to immediately hold hearings to investigate reports that the United Arab Emirates invested $500 million in World Liberty Financial, the cryptocurrency firm owned by the Donald Trump family.
It is reported that an aide to the Abu Dhabi royal family signed an agreement four days before Donald Trump took office last year to purchase a 49% stake in World Liberty Financial for $500 million, with a $218 million down payment already made to entities affiliated with Donald Trump and Steve Witkoff, the family’s diplomat responsible for Middle Eastern affairs.The senator has identified his supporter as Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s National Security Advisor.
Since Donald Trump took office in January 2025,his administration has approved several deals favorable to the UAE, including a $1.4 billion arms sale in May 2025 and, in November, the authorization of a sale of 35,000 advanced AI chips worth over $1 billion to the UAE’s G42.(financefeeds)