United States Attorney Ro Khanna opened an investigation focused on the reported investment of 500 million by a group connected to Abu Dhabi in World Liberty Financial, a crypto venture tied to the Trump family.
Reports say that Khanna has asked the company for a wide collection of records and wants clarification on who owns the item, how the money went, and whether any of them entered organizations tied to the family of US President Donald Trump.
Trump Deal: Khanna Wants Records and Payment Methods
In an official letter to the founders of World Liberty Financial, Khanna is seeking ownership documents, capital records, bank transfer data, board materials and internal communications related to the deal.
The letter sets out a compliance timeline and tells the company to preserve relevant materials while investigators review. The request makes it clear that the committee wants to track any payments connected to the deal.
Breaking: I launched an investigation as a ranking member of the China Select Committee into the UAE’s $500 million investment in the Trump family’s cryptocurrency company.
This is about public trust and transparency.
– Ro Khanna (@RoKhanna) February 5, 2026
Khanna Leads Push on National Security Questions
Khanna, as the ranking member of the House Select Committee on Strategic Competition, described the investigation as more than bookkeeping.
He linked the timing of the investment to policy measures involving the export of AI chips developed in the UAE and said that raises national security questions.
The attorney wants to know whether foreign currency has influenced policy choices affecting US strategic competition.
AI Chip Shipment Link Questioned
Reports note that the deal linked to the UAE was made shortly before a significant change in US export approvals for some AI semiconductors, and Khanna asked officials to explain any overlap between the deal and those policy changes.
He also raised concerns about the role of WLFI’s USD1 stablecoin in the larger crypto exchange and whether such flows have other downstream effects. Those lines of inquiry aim to link financial measures to policy outcomes.
JUST IN: 🇺🇸🇦🇪 President Trump says he didn’t know Abu Dhabi invested $500 million in his World Liberty crypto project.
“I don’t know about it. My sons are in charge of that, I think they get money from people.” pic.twitter.com/AOBosetnpE
– Bitcoin Black (@Bitcoinblackck) February 2, 2026
Trump Denies Knowledge of Agreement
US President Donald Trump said he was unaware of the deal and that his family’s businesses operate separately, according to recent news.
World Liberty Financial described the transaction as a private business matter. Media outlets reporting on the story highlighted the reported size of the stake – almost half ownership – and the fact that the payment was only disclosed after media reports emerged.
Featured image from Unsplash, chart from TradingView
Planning process because bitcoinist focuses on delivering well-researched, accurate, and unbiased content. We maintain strict sourcing standards, and each page is diligently reviewed by our team of senior technical experts and experienced editors. This process ensures the integrity, relevance, and value of our content to our readers.
