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Trump family crypto venture WLFI under US Senate review over $500 million investment from UAE

2026-06-24 19:02:03

Abstract generation in progress

ME News: On June 24 (UTC+8),, five Democratic senators urged the Republican committee chairman on Tuesday to immediately hold a hearing to investigate the UAE's reported $500 million investment in Trump family crypto venture World Liberty Financial. It is reported that aides to the Abu Dhabi royal family signed an agreement four days before Trump's inauguration last year to purchase 49% of World Liberty Financial for $500 million, with a $218 million prepayment having been made to entities related to Trump and his Middle East diplomat Steve Witkoff's family. The senators identified the supporter as UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan. Since Trump took office in January 2025, his administration has approved several deals favorable to the UAE, including a $1.4 billion arms sale in May 2025 and a November authorization to sell 35k advanced AI chips worth over $1 billion to UAE company G42. (Source: ChainCatcher)

WLFI-6.13%

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