$500M UAE Funds In Trump-Linked Project Draw Congressional Inquiry

bitcoinistPubblicato 2026-02-05Pubblicato ultima volta 2026-02-05

Introduzione

Congressman Ro Khanna has initiated a congressional inquiry into a $500 million investment from an Abu Dhabi-linked group into World Liberty Financial, a cryptocurrency venture connected to the Trump family. As ranking member of the House Select Committee on Strategic Competition, Khanna is demanding extensive records to trace the flow of funds, determine ownership structures, and investigate whether any payments reached Trump-linked entities. He raised national security concerns, noting the investment's timing coincided with U.S. policy shifts approving advanced AI chip exports to the UAE. President Trump has denied awareness of the deal, stating his sons handle such business matters. The investigation focuses on potential foreign influence on policy and the financial transparency of the transaction.

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.

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.

BTCUSD currently trading at $71,370. Chart: TradingView

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.

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

Domande pertinenti

QWhat is the main focus of Congressman Ro Khanna's inquiry?

ACongressman Ro Khanna's inquiry focuses on a reported $500 million investment by an Abu Dhabi-linked group in World Liberty Financial, a crypto venture connected to the Trump family. He is seeking records to trace the money flow and determine if any funds went to entities tied to President Trump's family.

QWhat specific documents did Rep. Khanna demand from World Liberty Financial?

ARep. Khanna demanded ownership documents, capitalization records, bank transfer data, board materials, and internal communications related to the deal from World Liberty Financial co-founders.

QHow did Rep. Khanna link this financial deal to national security concerns?

AKhanna linked the investment's timing to U.S. policy moves involving exports of advanced AI chips to the UAE, raising questions about whether foreign money influenced policy choices affecting U.S. strategic competition.

QWhat was President Trump's response to the reported investment?

APresident Trump stated that he was not aware of the deal and mentioned that his family's businesses operate separately, suggesting his sons were handling the investments.

QWhat additional concern did Khanna raise about World Liberty Financial's operations?

AKhanna raised concerns about the role of WLFI's USD1 stablecoin in large cryptocurrency transactions and questioned whether such financial moves had downstream impact on policy outcomes.

Letture associate

Bank of Korea Reveals Results of Tokenized Deposit Testing

The Bank of Korea has announced the results of its pilot test for tokenized deposits. Involving 28 central banks and international financial organizations, the project saw participation from major South Korean banks including KB Kookmin Bank, NH NongHyup Bank, Shinhan Bank, Woori Bank, and Hana Bank. Transactions, from payment orders to final settlement, were completed in real time, averaging just 80 seconds. The test involved 30 transactions across 17 different scenarios—such as corporate and interbank transfers—and was conducted in six currencies, including the Korean won, US dollar, and euro, with a total transaction value reaching approximately $995,000. The central bank reported that the platform operated stably throughout, despite being only partially connected to the existing banking infrastructure. Settlements using tokenized deposits were executed seamlessly, quickly, and transparently. An internal transfer of 20 million won (about $13,890) between NH NongHyup Bank and Shinhan Bank was also successfully processed via the Project Agora platform, which involved connecting to the Bank of Korea's CBDC test platform, Project Hangang. Additionally, KB Kookmin Bank and Japan's MUFG Bank tested cross-border payments using these deposit tokens—digital certificates issued by commercial banks within the pilot, not directly by the central bank. The Bank of Korea plans to continue testing payments with tokenized deposits. This follows last year's pledge by South Korean authorities to tighten regulations for won-based stablecoins, which will require approval from both the central bank and the Financial Services Commission.

cryptonews.ruAdesso

Bank of Korea Reveals Results of Tokenized Deposit Testing

cryptonews.ruAdesso

Head of Major Miner Estimates AI Profitability Ten Times Higher Than Mining

The CEO of Canadian mining company HIVE Digital Technologies, Frank Holmes, stated that the company is accelerating its development in artificial intelligence (AI) computing. HIVE, one of the world's largest public bitcoin miners controlling about 2% of the global hashrate, expects its revenue share from AI to grow from approximately 10% to over 50% this year. Holmes highlighted the significant difference in profitability, noting that ASIC miners generate around $0.12–0.14 per hour, while a single Nvidia H100 GPU can earn nearly $2 per hour. Even older GPUs yield about $1.4 per hour, roughly ten times the revenue from mining hardware. Major miners like Riot Platforms, Cipher Digital, MARA, and TeraWulf are mitigating losses by shifting from cryptocurrency mining to supporting AI computations in their data centers or combining both activities. For instance, MARA Holdings recently purchased a $600 million site for AI and mining data centers. The company's CEO had previously warned that without at least a 50% annual increase in Bitcoin's price, the current mining model would become unprofitable. With the estimated cost to mine one Bitcoin around $78,000 for summer 2026 and Bitcoin's price remaining below that level for months, some miners have begun shutting down equipment as rising costs and network difficulty squeeze margins.

cryptonews.ru2 min fa

Head of Major Miner Estimates AI Profitability Ten Times Higher Than Mining

cryptonews.ru2 min fa

NKTsBFR Disclosed Details of the Cryptocurrency Bill Preparation

The head of Ukraine's National Securities and Stock Market Commission (NКЦБФР), Alexey Semenyuk, disclosed that the draft law on virtual assets is approximately 90% complete, with the final text expected in August. However, the bill's parliamentary passage will follow later. Key agreed-upon provisions include establishing the NКЦБФР as the primary regulator, with a clearly defined role for the National Bank, and classifying virtual assets in line with the EU's MiCA regulation. Licensing rules for service providers, prudential requirements, and a special regime for wartime operations are also settled. Major unresolved issues remain, notably the taxation framework for cryptocurrency transactions and the legal status of virtual assets in criminal and enforcement proceedings. Semenyuk noted these areas, outside the commission's direct competence, are progressing the slowest. Consultations on the post-enactment transition period are ongoing. Work on the legislation has spanned several years. The bill passed its first reading in September 2025 but faced significant delays due to thousands of proposed amendments. Officials anticipate the finalized law could take effect from January 1, 2027.

cryptonews.ru3 min fa

NKTsBFR Disclosed Details of the Cryptocurrency Bill Preparation

cryptonews.ru3 min fa

How Could the Strengthening of the Japanese Yen Affect Bitcoin?

The Japanese yen recorded its largest daily gain against the US dollar after the USD/JPY pair reversed from a recent high near 164.00. This suggests movements in the yen can impact global financial conditions, including Bitcoin. On the daily chart, the USD/JPY reversal followed a multi-month rally. Intense selling erased several days of gains, pushing the pair below 160.00 before a recovery to around 160.59. Despite signs of demand at lower levels, the failed attempt to hold above recent highs indicates weakening bullish momentum. The yen strengthened by as much as 3%, pulling the dollar down to an intraday low of 158.34. Analysts note the move's scale and unusually high trading volumes resemble past intervention episodes. Market focus is now on the Bank of Japan's signals and interest rate outlook, with hawkish cues potentially supporting further yen strength. A stronger yen could create short-term selling pressure on Bitcoin, particularly if investors unwind carry trades funded by cheap yen borrowings. However, if sustained yen strength lowers Japanese government bond yields and improves global liquidity, it could eventually foster more favorable conditions for risk assets like Bitcoin. Bitcoin's price fell 2.5% to $62,500, which may reflect initial investor selling.

cryptonews.ru4 min fa

How Could the Strengthening of the Japanese Yen Affect Bitcoin?

cryptonews.ru4 min fa

After a 30% Surge to $2000, Ethereum Signals a Price Decline

Cryptanalyst Ali Martinez noted that the TD Sequential indicator flashed a sell signal for Ethereum (ETH) after it reached the $1980 zone. The same indicator had previously foreshadowed ETH's rally from around $1500 to $2000. Following the signal, ETH's price fell below a key support level at $1897.27 to $1881.41, with further potential support seen near $1857.75. Despite a brief surge to $3400 in January 2026, Ethereum has been one of the worst performers among major digital assets this year, down 36.59%. Its long-term charts show further weakness, with the token losing nearly half its value over the past 12 months and being down 23.32% over five years. In contrast, Bitcoin (BTC) has declined 27% year-to-date and 46.20% over the past year but has gained 53% since mid-2021. An upcoming vote on the CLARITY Act on August 3rd is expected to significantly impact the crypto market. The prospect of regulatory clarity has already boosted many major cryptocurrencies over the past month. Some analysts predict that if passed, the bill could propel BTC above $600,000 within the next two years.

cryptonews.ru5 min fa

After a 30% Surge to $2000, Ethereum Signals a Price Decline

cryptonews.ru5 min fa

Trading

Spot
活动图片