White House Denies Trump Crypto Link to UAE AI Deal; Senate Democrats Call Hearings

According to White House spokeswoman Anna Kelly this week, the Trump administration denied that its AI agreement with the United Arab Emirates had any connection to World Liberty Financial. The statement came after Senate Democrats requested hearings into the Trump family-backed crypto firm's reported ties to Abu Dhabi and foreign funding sources.

Five Senate lawmakers called for committee hearings into World Liberty Financial following reports that a UAE-linked investment vehicle agreed to buy a 49% stake in the crypto venture for approximately $500 million. The White House said the UAE AI agreement was designed to deepen strategic technology partnership and contain safeguards for American technology, framing it as a national security matter unrelated to private business interests.