Senate Democrats Demand Hearings on Trump Family Crypto Ties and UAE Deals

Senate Democrats are calling for immediate hearings on the Trump family's cryptocurrency business and its connections to foreign-backed transactions involving the United Arab Emirates.

The lawmakers, including Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden, point to public reporting that four days before Donald Trump's inauguration, lieutenants to an Abu Dhabi royal secretly bought a 49% stake in World Liberty Financial for about $500 million.

The arrangement is described as an unprecedented case of a foreign government official taking a major ownership stake in an incoming U.S. president's company.

The senators say that within months of the investment, the Trump Administration approved $1.4 billion in arms sales to the UAE and authorized the sale of 35,000 advanced AI chips to the UAE's G42 despite national security concerns.