Ro Khanna Launches Probe Into $500M UAE Deal With Trump-Linked World Liberty Financial

Summary

Representative Ro Khanna (D-CA) has launched an investigation into a $500 million investment from UAE royal Sheikh Tahnoon bin Zayed Al Nahyan into World Liberty Financial, a cryptocurrency company linked to the Trump family. The probe follows a report that Aryam Investment 1, controlled by the Sheikh, acquired a 49% stake in the company just before Trump’s inauguration, with significant sums directed to Trump family and Steve Witkoff-affiliated entities. Shortly after the deal, the Trump administration approved export licenses granting the UAE access to advanced AI chips, reversing previous restrictions. Khanna raised concerns the investment may have influenced U.S. policy on AI chip exports to the UAE, potentially undermining safeguards against technology transfer to China and raising national security risks. Khanna requested extensive records from World Liberty Financial, cited possible conflicts of interest, and urged federal prosecutors to investigate further. He emphasized the importance of transparency and protecting policy decisions from presidential financial interests.