Crypto: Trump-linked Wlfi Faces Probe Over $500m Uae Crypto Deal 2026

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.

The investigation comes after Trump denied knowledge of the $500 million stake on Monday. “My sons are handling that — my family is handling it,” he said.

According to the WSJ, the investment was backed by Sheikh Tahnoon bin Zayed Al Nahyan, an Emirati politician who has been serving as the National Security Adviser of the UAE since 2016.

By investing $500 million in WLFI, Tahnoon acquired a 49% stake in the platform. The report noted that he pushed the US for access to advanced artificial intelligence chips.

As part of the probe, Khanna sent a letter to WLFI CEO Zach Witkoff, requesting answers to 16 questions and documents related to the investment agreement with Tahnoon. He also sought records detailing WLFI’s revenue and profit distribution, as well as its policies on conflicts of interest tied to the transaction.

Related: Trump's Fed nomination a ‘mixed’ signal for Bitcoin, US liquidity: Analyst

“These arrangements are not just a scandal, but may even represent a violation of multiple laws and the US Constitution,” Khanna wrote, adding: “Our ability to successfully outcompete the Chinese Communist Party depends on the integrity of our policymaking process.”

Source: CoinTelegraph