Elizabeth Warren Questions Trump's Crypto Deal

Warren Requests Congressional Hearings

American Senator Elizabeth Warren is requesting congressional hearings following reports of a United Arab Emirates intelligence official secretly acquiring a 49% stake in the World Liberty Financial crypto firm linked to Donald Trump. According to reports, the deal was made for $500 million.

Financial Details and Allegations

Information revealed by The Wall Street Journal indicates that the agreement was signed by Eric Trump, with $187 million being transferred to assets owned by the Trump family, and at least $31 million linked to assets associated with Trump's close ally and Middle East envoy Steve Witkoff. These developments occurred a few months before the Trump administration approved the sale of advanced artificial intelligence chips to the United Arab Emirates.

Warren and other Democrats argue that this arrangement raises concerns of corruption and national security. In response, Trump administration officials claim that President Trump had no role in such business deals and that ethical guidelines were followed.