Senate Democrats are demanding hearings into a $500 million investment by a UAE royal entity into World Liberty Financial, the DeFi and stablecoin venture tied to the Trump family. The June 23 letter zeroes in on what lawmakers describe as a troubling collision between personal financial interests and US foreign policy.
The investment, which gave UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan a 49% ownership stake in WLFI, was finalized on January 16, 2025. That’s four days before Donald Trump’s second presidential inauguration.
Where the money went
Of the total investment, $250 million was paid upfront. And of that upfront sum, roughly $187 million flowed to Trump family-associated entities, according to financial reports cited by lawmakers.
WLFI co-founder Steve Witkoff’s family entities received over $31 million from the same pot.
