Trump-linked WLFI faces probe over $500M UAE crypto deal
House Democrats probe $500 million UAE investment in Trump-linked WLFI, highlighting questions over dealings with the country’s national security adviser.
World Liberty Financial (WLFI), a crypto company linked to US President Donald Trump’s family, is facing scrutiny from House Democrats over a reported $500 million investment by an entity linked to an Abu Dhabi royal in the UAE.
California Representative Ro Khanna, a Democrat who has criticized public officials’ exposure to the crypto market, said on X on Thursday that he has launched an investigation into the UAE investment in WLFI.
“This is about public trust and transparency,” Khanna said, linking to a Wall Street Journal report detailing that he urged a US attorney to probe the deal as well.