Ro Khanna Launches Probe Into $500M UAE Deal With Trump-Linked World Liberty Monetary – Decrypt

Consultant Ro Khanna (D-CA-17) launched an investigation Thursday right into a $500 million funding by a United Arab Emirates royal member of the family in World Liberty Monetary, the Trump household's crypto firm, elevating questions on whether or not the deal influenced U.S. coverage on superior AI chip exports to the UAE.”That is about public belief and transparency,” Khanna tweeted Thursday, whereas asserting the probe.
Breaking: I've launched an investigation as rating member of the Choose Committee on China right into a $500 million UAE funding within the Trump household’s cryptocurrency firm.
That is about public belief and transparency.
— Ro Khanna (@RoKhanna) February 5, 2026The investigation was triggered by a Wall Road Journal report final week, which revealed that Aryam Funding 1, managed by UAE nationwide safety advisor Sheikh Tahnoon bin Zayed Al Nahyan, bought a 49% stake in World Liberty Monetary for $500 million, simply 4 days earlier than Trump's inauguration.The deal reportedly directed roughly $187 million to Trump household entities and $31 million to entities affiliated with Steve Witkoff's household.Inside months, the Trump administration reversed Biden-era restrictions and authorized export licenses permitting the UAE entry to tens of 1000's of superior AI chips beforehand blocked over considerations the expertise could possibly be diverted to China.In a letter to World Liberty Monetary CEO Zach Witkoff, Khanna wrote that the transaction “could have contributed to modifications to U.S. coverage meant to stop the diversion of superior synthetic intelligence chips to China from the UAE, probably undermining the U.S. capacity to outcompete the CCP and elevating nationwide safety considerations.”He added that no matter coverage views, “seemingly subordinating strong coverage discussions to the President’s private monetary pursuits is unacceptable.”The letter calls for 16 classes of data by March 1, together with full agreements with Aryam Funding 1, cost flows, due diligence on UAE-linked entities, inner conflict-of-interest safeguards, and any communications associated to export controls or the later pardon of Binance founder Changpeng Zhao.Witkoff, whose son Zach serves as World Liberty's CEO, concurrently holds the place of President Trump's Particular Envoy to the Center East. Each Steve Witkoff and Donald Trump are listed as co-founders emeritus of World Liberty Monetary on the agency's web site. World Liberty Monetary asserts that Trump and his relations don't maintain any function as “director, officer or worker” of the agency.Decrypt has reached out to the White Home and WLFI for remark.World Liberty Monetary beneath scrutinyKhanna’s letter states that Sheikh Tahnoon, often known as the “Spy Sheikh,” oversees main funding and expertise autos, together with G42 and MGX.G42 has lengthy sought entry to superior U.S. semiconductors for AI improvement however has confronted sustained U.S. scrutiny over alleged ties to China, he mentioned.When lobbying didn't resolve these restrictions, the UAE appeared to pair diplomacy with massive investments tied to the incoming president’s enterprise community, the congressman famous.The letter additionally factors to a separate MGX funding of $2 billion into Binance that used World Liberty Monetary’s USD1 stablecoin for settlement, a transfer Khanna mentioned doubtless boosted revenues tied to the agency.Khanna urged federal prosecutors to scrutinize the reported $500 million World Liberty Monetary deal in a letter to Delaware U.S. Legal professional Benjamin Wallace, noting that information studies point out a minimum of one entity concerned in Aryam Funding 1’s 49% stake buy was registered in Delaware.Khanna wrote that, “By all accounts, this can be a scandal that might obtain much more scrutiny beneath totally different political circumstances.”Every day Debrief NewsletterStart day-after-day with the highest information tales proper now, plus unique options, a podcast, movies and extra.