Khanna Launches Probe into UAE Investment in Trump-Linked Crypto Venture
In a major development, U.S. Representative Ro Khanna has initiated a comprehensive investigation into a substantial $500 million investment made by a group associated with Abu Dhabi in World Liberty Financial, a cryptocurrency initiative connected to the Trump family. This inquiry is set to shed light on the ownership structure, financial transactions, and potential links to U.S. President Donald Trump’s family.
Unraveling the Trump Deal: Khanna Demands Financial Records
Khanna has formally requested World Liberty Financial’s co-founders to provide extensive documentation, including ownership details, capitalization data, bank transfer records, board meeting notes, and internal correspondence related to the financial transaction. The aim is to ensure transparency and trace any financial flows linked to the deal. The company has been instructed to preserve all pertinent materials pending the review by investigators.
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Breaking News: As the ranking member of the Select Committee on China, I have initiated an investigation into a $500 million investment from the UAE in the Trump family’s cryptocurrency firm. This action is crucial for maintaining public trust and ensuring transparency. — Ro Khanna (@RoKhanna) February 5, 2026
Khanna Raises National Security Concerns
In his capacity as the ranking member of the House Select Committee on Strategic Competition, Khanna has emphasized that this investigation goes beyond mere financial scrutiny. He highlighted the timing of the investment in relation to policy changes regarding the export of advanced AI chips to the UAE, raising pertinent national security questions. Khanna seeks to understand if foreign investments may have influenced policy decisions impacting U.S. strategic interests.
Exploring Connections to AI Chip Export Decisions
The UAE-affiliated investment deal reportedly coincided with significant shifts in U.S. export approvals for specific AI semiconductors. Khanna has urged officials to clarify any potential connections between the financial transaction and these policy changes. He has also expressed concerns about the role of World Liberty Financial’s USD1 stablecoin in large cryptocurrency transactions, questioning whether such financial flows have broader implications for policy outcomes.
Recent Update: President Trump has stated he was unaware of the $500 million investment in his World Liberty Financial crypto project. “I have no knowledge of it. My sons manage those matters, and they seem to secure investments from various sources.” — Bitcoin Black (@Bitcoinblacck) February 2, 2026
Trump Claims Unawareness of the Investment
President Donald Trump has publicly denied any knowledge of the investment, asserting that his family’s business dealings are managed independently. According to media reports, World Liberty Financial has characterized the transaction as a private business matter. News outlets have highlighted the substantial size of the investment, which represents a significant ownership stake, and the fact that the investment details only came to light following press exposure.
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