Senate Democrats Demand Probe Into Trump Crypto Deal Amid National Security Concerns

A group of Senate Democrats is calling for a formal investigation into a $500 million investment deal involving World Liberty Financial, a crypto platform linked to US President Donald Trump. The lawmakers are urging Senate Republican leaders to hold hearings and require Trump administration officials to testify under oath about the transaction.

The reported investment was made by an Abu Dhabi-backed company in January 2025, with Sheikh Tahnoon bin Zayed Al Nahyan's investment firm acquiring a 49% stake in World Liberty Financial. The senators argue that concerns intensified after the US approved arms and AI chip agreements with the UAE just months later.

Democratic senators claim that these approvals were granted despite warnings from national security officials that advanced AI technology could potentially become accessible to China through regional partnerships. They also raised concerns about the administration's approach to crypto regulation, pointing to efforts that they claim have weakened enforcement, including exemptions for certain crypto service providers from financial regulations.

The lawmakers argue that Congress has a responsibility to determine whether the investment influenced any decisions made by the Trump administration and whether US national security interests were compromised. They point out that President Trump stated he was unaware of the World Liberty Financial transaction, but critics believe the timing of events warrants closer examination.