Pray, allow me to impart upon you the latest fracas amongst our esteemed lawmakers, who, with great indignation, have decried the most audacious transaction between an Abu Dhabi-backed entity and World Liberty Financial Invest (WLFI), the principal crypto venture of the Trump family. A sum of $500 million, no less, has stirred their ire and prompted calls for anti-corruption measures most stringent.
Congressmen Cast Aspersions on WLFI’s UAE-Backed Arrangement
On a Monday most eventful, the honorable Democratic Senator Chris Murphy took to his quill-or rather, his X post-to express his profound disquiet over the recently unveiled alliance involving United Arab Emirates (UAE) investors and a crypto company linked to none other than President Trump. He declared, with a fervor most becoming, that such a deal had trampled upon “decades of national security precedent” and embodied “brazen, open corruption” that no sensible soul should countenance as normal.
This concern, I must inform you, arises from a report by the Wall Street Journal, which alleges that Aryam Investment, a UAE-backed entity with ties to Sheikh Tahnoon bin Zayed, an Abu Dhabi royal of considerable influence, acquired a 49% stake in WLFI for the aforementioned sum mere days before Trump’s inauguration. The buyers, it is said, paid half upfront, with a staggering $187 million directed to entities connected to the Trump family, according to company documents and whispers from those in the know.
Furthermore, at least $31 million found its way to associates of Steve Witkoff, President Trump’s envoy to the Middle East and a co-founder of WLFI, who was subjected to senatorial scrutiny last year. One cannot help but wonder at the propriety of such transactions.
Months after this deal, the Trump administration, with a generosity most questionable, granted the UAE expanded access to advanced US-made AI chips, notwithstanding the Biden administration’s prior restrictions over concerns of diversion to China. A most curious sequence of events, would you not agree?
“This is a case,” Senator Murphy affirmed with great gravity, “where they knew it was so outrageous, so wrong, that they conducted it in private.” He went on to suggest that the payments might be construed as “the elements of a bribe,” a notion most unsettling.
What we are discussing here is nothing short of astonishing. A secret payment, followed by a gift of national security secrets to the UAE-secrets that every American president before had refused to bestow. This is corruption of the highest order, potentially criminal conduct.
The senator, with a resolve most admirable, declared that “the rule of law may be suspended today, but it shall return, and when it does, those who have enriched themselves through government favors and violated the laws of this nation shall face the consequences.”
Similarly, Greg Landsman, a member of the House of Representatives, decried the World Liberty Financial deal as “blatant corruption,” observing with a wit most biting, “Trump receives $500 million in cash and then approves the transfer of advanced AI chips to the UAE. He grows richer by the day, while you, dear reader, grow poorer. Such is the nature of his presidency.”
In his X post, the congressman called for new leadership and “massive anti-corruption reforms” to prevent such clandestine dealings in the future.
Trump Dismisses Conflict of Interest Allegations
President Trump, during a press conference at the White House on Monday, denied any involvement in the UAE-backed investment into WLFI, asserting with great conviction that he was entirely unaware of the $500 million stake deal. “Well, I don’t know about it,” he declared. “I know that crypto is all the rage, and my sons are managing that. My family handles it, and they receive investments from various quarters. But I, myself, am not involved.”
It is worth noting that President Trump and his administration have faced repeated inquiries regarding potential conflicts of interest and corruption. Democrats have pressed various officials, including the former acting chairman of the Securities and Exchange Commission (SEC) and the head of the Office of the Comptroller of the Currency (OCC), about Trump’s crypto ventures.
In November, US senators expressed concerns about national security risks in a letter, urging the Department of Justice (DOJ) and the Treasury Department to investigate WLFI over token sales allegedly linked to illicit actors. They argued that World Liberty Financial and its token lack sufficient safeguards to prevent nefarious individuals from moving funds or influencing its governance, thus raising alarms over potential conflicts of interest.
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2026-02-04 02:06