Senate Democrats seek hearings on Trump family crypto deal with UAE

A group of Senate Democrats urged Republican leaders to hold hearings into a reported $500 million deal between the Trump family’s crypto firm and Abu Dhabi royalty. In a letter, they asked that Trump administration officials testify under oath and called for the hearings to begin immediately.

The Wall Street Journal reported that an Abu Dhabi investment company backed by Sheikh Tahnoon bin Zayed Al Nahyan signed a deal in January 2025 to buy a 49% stake in World Liberty Financial, the crypto platform tied to President Donald Trump. Months later, in May 2025, the Trump administration concluded a major arms and artificial intelligence chip deal with the UAE, which the senators say proceeded despite national security concerns that China could access the chips; Trump has said he was not aware of the World Liberty deal.

United States; United Arab Emirates, Abu Dhabi

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