United States Rep. Ro Khanna has opened a focused inquiry into a reported $500 million investment by an Abu Dhabi-linked group in World Liberty Financial, a crypto venture tied to the Trump family.
Reports say Khanna has asked the company for a wide set of records and is pressing for clarity about who owns what, how money moved, and whether any of it flowed to entities tied to US President Donald Trump’s family.
Trump Deal: Khanna Seeks Records And Payment Trails
In a formal letter to World Liberty Financial co-founders, Khanna demanded ownership documents, capitalization records, bank transfer data, board materials and internal communications related to the deal.
The letter sets a compliance timeline and tells the firm to preserve relevant materials while investigators review. The request makes clear the committee wants to trace any payments linked to the deal.
Breaking: I have launched an investigation as ranking member of the Select Committee on China into a $500 million UAE investment in the Trump family’s cryptocurrency company.
This is about public trust and transparency. https://t.co/2PfVrOmNni https://t.co/1PjXb64jyH
— Ro Khanna (@RoKhanna) February 5, 2026
Khanna Leads The Push On National Security Questions
Khanna, as the ranking member of the House Select Committee on Strategic Competition, framed the inquiry as more than bookkeeping.
He linked the timing of the investment to policy moves involving exports of advanced AI chips to the UAE and said that raises national security questions.
The lawmaker wants to know whether foreign money had any influence on policy choices that affect US strategic competition.
Link To AI Chip Exports Questioned
Reports note that the UAE-linked deal was struck shortly before a notable change in US export approvals for certain AI semiconductors, and Khanna asked officials to explain any overlap between the transaction and those policy shifts.
He also flagged concerns about the role of WLFI’s USD1 stablecoin in large crypto transactions and whether such flows had other downstream effects. Those lines of inquiry aim to connect financial moves to policy outcomes.
JUST IN:
President Trump says he did not know Abu Dhabi invested $500 million in his World Liberty crypto project.
“I don’t know about it. My sons are handling that, I guess they get investments from people.” pic.twitter.com/AOBosetnpE
— Bitcoin Black (@Bitcoinblacck) February 2, 2026
Trump Denies Knowledge Of Deal
US President Donald Trump has said he was not aware of the deal and that his family’s businesses operate separately, according to recent media coverage.
World Liberty Financial has described the transaction as a private business matter. Media outlets reporting on the story have highlighted the reported size of the stake — roughly a near-half ownership — and the fact that the payment was disclosed only after press reports surfaced.
Featured image from Unsplash, chart from TradingView
