Democratic Senators Demand Probe Into Trump Officials’ UAE Crypto Deal
Senators Elizabeth Warren and Elissa Slotkin have called for a federal investigation into potential conflicts of interest involving White House AI and crypto czar David Sacks and U.S. Special Envoy Steve Witkoff. The probe centers on two May 2025 deals: a $2 billion investment by UAE-backed MGX into Trump-linked World Liberty Financial, followed by U.S. approval of sensitive AI chip exports to the UAE.
The transactions raise national security concerns as UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan controls both the investing firm and AI chip recipients. Legislative scrutiny focuses on whether officials Leveraged government positions for personal gain, with both Sacks and Witkoff holding undisclosed financial stakes in the arrangements.
