Senate Democrats Demand Hearing on World Liberty Financial Ties to Abu Dhabi Royals
2026-06-24 06:09

Woofun AI reports that U.S. Senate Democrats have formally requested an immediate hearing to investigate the intersection of World Liberty Financial and the Abu Dhabi royal family. This legislative move follows disclosures that an investment vehicle backed by Sheikh Tahnoon bin Zayed Al Nahyan secretly secured a 49% equity stake in the DeFi and stablecoin venture. The transaction, valued at $500 million with half paid upfront, was executed by Eric Trump just four days prior to the January 2025 presidential inauguration.

Capital distribution from the deal saw approximately $187 million directed to entities controlled by the Trump family, while at least $31 million flowed to parties linked to co-founder Steve Witkoff. Witkoff subsequently assumed the role of U.S. Special Envoy for the Middle East, with his son Zach Witkoff serving as CEO of World Liberty. While the Trump camp maintains that Donald Trump was unaware of the investment and uninvolved in daily operations, Democrats argue the arrangement presents significant conflicts of interest between private business interests, foreign capital, and official diplomatic duties.

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Tags:
Trump
Sheikh Tahnoon bin Zayed Al Nahyan
Donald Trump
Eric Trump
Steve Witkoff
Zach Witkoff
World Liberty Financial
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