Senate Democrats on Tuesday demanded immediate hearings into a $500 million UAE investment in the Trump family crypto venture World Liberty Financial (CRYPTO: WLFI).
The Deal Closed Four Days Before Trump's Inauguration Five senators, including Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-CT), want multiple Senate committees to investigate a transaction in which associates of Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan bought a 49% stake in World Liberty Financial.
The buyers reportedly wired $218 million upfront to entities controlled by the Trump family and Steve Witkoff, Trump's Middle East envoy, just before Trump took office.
The senators argue no foreign official has ever held this kind of direct ownership stake in a sitting US president's company before.
They want that question answered under oath, specifically who in the administration knew about the payments, and at what point they found out.
