US Senator Elizabeth Warren has called for a congressional investigation into a major foreign investment in World Liberty Financial, a crypto firm linked to President Donald Trump. Warren claims the deal raises serious conflict-of-interest concerns.
A Wall Street Journal report revealed that a UAE-based entity acquired a 49% stake in World Liberty Financial for $500 million just days before Trump assumed office.
The entity is linked to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser. The agreement was signed by Eric Trump, generating substantial proceeds for Trump-linked businesses.
Soon after the deal, the US approved the sale of advanced AI chips to the UAE, prompting lawmakers to question whether the decisions were connected. Warren described the situation as “plain corruption” and urged Congress to intervene.
The White House has denied any wrongdoing, stating the President acts in US interests. World Liberty Financial has already faced scrutiny over banking ambitions and a Trump-themed meme coin that later crashed, deepening lawmaker concerns.
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