U.S. senators demand investigation into World Liberty Financial's deal with UAE investors
A group of Democratic senators has called on Republicans to immediately organize hearings regarding the World Liberty Financial (WLF) deal — a crypto project affiliated with Donald Trump's family. The appeal, addressed to the relevant committees, bears the signatures of Elizabeth Warren, Gary Peters, Ron Wyden, Richard Durbin, and Richard Blumenthal.
Scandalous Details of the Deal
At the center of attention is the purchase of 49% of WLF shares by an entity linked to Sheikh Tahnoon bin Zayed Al Nahyan of Abu Dhabi. The deal amount was $500 million and was closed shortly before Trump's inauguration. According to my data, at least $187 million of this amount went directly to structures controlled by the U.S. president's family. Another at least $31 million was directed to companies associated with relatives of Steve and Zach Witkoff — key figures in Trump's inner circle.
Political Implications and Risks
The senators insist on transparency, pointing to a potential conflict of interest. The deal raises questions not only from an ethical standpoint but also from a national security perspective, given the scale of financing from the UAE — a country actively investing in American assets. In the current environment, where the crypto industry is experiencing a wave of regulatory pressure, such transactions could set a precedent for revising disclosure rules for politically connected projects.
My analysis: This situation is a classic example of how cryptocurrency structures are used to bypass traditional mechanisms for monitoring political campaign financing. If this data is confirmed, it could trigger stricter regulation of DeFi projects and enhanced KYC/AML requirements for all market participants, especially those close to political elites. The market should be prepared for a wave of audits and lawsuits.