House Scrutiny Targets Trump-Linked Crypto Venture After $500M UAE Stake Revelation
World Liberty Financial, a cryptocurrency venture with ties to former President Donald Trump, faces congressional scrutiny following revelations of a $500 million investment from UAE-linked entities. The deal, reportedly finalized days before Trump's 2017 inauguration, has drawn attention from Rep. Ro Khanna (D-CA), who now seeks transaction records and internal communications.
The House Select Committee on China probes whether the Abu Dhabi-linked stake influenced U.S. technology policy or created conflicts of interest. Khanna's letter to co-founder Zach Witkoff demands transparency on ownership structures and payment flows, citing national security concerns.
Market observers note the investigation coincides with renewed volatility in politically sensitive crypto assets. TRUMP has denied knowledge of the transaction, but the timing—weeks before his administration took office—fuels speculation about regulatory capture risks.
