Democratic Senators Demand Probe Into Trump Officials Over UAE-Linked Crypto Deal

Democratic Senators Elizabeth Warren and Elissa Slotkin have called for investigations into potential ethics violations by Trump administration officials tied to a $2 billion UAE investment in World Liberty Financial, a cryptocurrency company linked to the former president's family. The Sept. 23 letter urges inspectors general at the Commerce and State Departments to examine whether officials violated ethics rules in transactions that allegedly enriched Trump associates while raising national security concerns.

The probe focuses on deals involving Trump adviser Steve Witkoff, who transitioned from a State Department role to a White House position. At issue are two interconnected May 2024 transactions: a U.S. plan to allow UAE imports of American-designed AI chips, and the Emirati government-backed $2 billion investment in World Liberty Financial. Senators highlight Witkoff's simultaneous advocacy for chip exports and his relatives' financial gain through the crypto venture as particularly troubling.