Senators Urge Probe into UAE's $500 Million Stake in Trump's Crypto Venture

Two Democratic senators have urged a Treasury investigation into the UAE's $500 million stake in the Trump family's crypto venture, citing national security concerns. They question potential access to sensitive data and request a thorough CFIUS review. The transaction involves G42, linked to UAE's national security adviser.

Two Democratic members of the U.S. Senate Banking Committee have called on Treasury Secretary Scott Bessent to scrutinize a $500 million investment by the UAE in the Trump family's cryptocurrency venture, citing potential national security issues.

Senators Elizabeth Warren and Andy Kim are pushing for a CFIUS review of the 49% UAE stake in World Liberty Financial. Their concern centers around possible conflicts of interest and the access foreign entities might have to sensitive U.S. technology and personal data.

The deal is complicated by the involvement of Sheikh Tahnoon bin Zayed Al Nahyan's company, G42, which has ties to the UAE's royal family and previously faced U.S. intelligence scrutiny over alleged tech assistance to China's military.

(With inputs from agencies.)