WASHINGTON (Diya TV) — House Democrats have launched a formal investigation into World Liberty Financial, a cryptocurrency firm backed by the Trump family, following reporting on a $500 million investment linked to a senior United Arab Emirates intelligence official. The probe adds new political pressure around the Trump family’s business dealings and raises fresh questions about foreign money, cryptocurrency regulation, and national security during a volatile election cycle.
Rep. Ro Khanna of California, the top Democrat on a House committee that oversees U.S.-China competition, announced the investigation this week. Khanna is seeking detailed information about the investment and its potential implications for U.S. interests.
The deal involves a $500 million investment by an Abu Dhabi royal who also serves as the UAE’s spy chief. The agreement centers on World Liberty Financial, a Trump-backed cryptocurrency company that has drawn increasing scrutiny in Washington. Khanna said the size and source of the investment demand require close oversight. He also cited concerns about transparency, foreign influence, and the fast-growing crypto sector.
Khanna sent a formal letter to Zach Witkoff, the CEO of World Liberty Financial. In the letter, he asked 16 detailed questions and requested documents tied to the agreement. The questions focus on the structure of the deal, the identity and role of foreign investors, and any contacts with U.S. or foreign government officials. Khanna also asked how the company plans to comply with U.S. financial laws and disclosure rules. The letter follows reporting by The Wall Street Journal, which first revealed the details of the $500 million investment and its ties to the Trump family.
Beyond the House investigation, Khanna urged a U.S. attorney to review the deal. He said federal authorities should assess whether the agreement raises legal or national security risks. Khanna stressed that foreign investments tied to intelligence officials deserve special attention. He pointed to growing bipartisan concern over foreign influence in U.S. politics and business. The request for a federal probe signals that the matter could extend beyond congressional oversight and into the Justice Department.
World Liberty Financial has promoted itself as a major player in the cryptocurrency space. The company has highlighted its links to the Trump family as a sign of credibility and influence.
The Trump family has not publicly commented in detail on the investigation. The company has also not released a full response to Khanna’s letter. The investigation comes as cryptocurrency continues to move into the political spotlight. Lawmakers from both parties have debated how to regulate digital assets while protecting investors and national security.
The involvement of an Abu Dhabi royal who leads UAE intelligence has intensified concerns on Capitol Hill. Lawmakers worry about whether such investments could give foreign actors leverage over U.S. companies tied to prominent political figures.
Khanna said his committee must examine whether the deal aligns with U.S. values and laws. He emphasized that the investigation does not presume wrongdoing but seeks clarity and accountability. The committee oversees competition with China, but it also reviews broader foreign influence risks. Khanna argued that large foreign crypto investments fall within that scope.
