Donald Trump · US Senate · United Arab Emirates · Democrats · Elizabeth Warren · CoinDesk
In May 2025, it approved a $1.4 billion arms sale to the country
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In the same month, Treasury created a "Known Investor Pilot" program to streamline investment approvals through CFIUS, a fast-track process that the UAE had lobbied for.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- In May 2025, it approved a $1.4 billion arms sale to the country, despite congressional concerns about weapons flowing to armed groups in Sudan where more than 150,000 people have died
- It authorized G42, a UAE AI company chaired by Sheikh Tahnoon bin Zayed Al Nahyan, to receive 35,000 Nvidia Blackwell chips
- Senate Democrats called for immediate hearings into UAE officials' huge investments in President Donald Trump's family crypto venture, World Liberty Financial, and subsequent decisions by the Trump
Summary
Senate Democrats are demanding immediate hearings into a $500 million investment by UAE officials in Donald Trump’s family crypto venture, World Liberty Financial, and whether it influenced subsequent U.S. policy toward the Gulf state. The senators say the deal, which gave UAE-linked investors a 49% stake and included $218 million in upfront payments to entities tied to the Trump family and a top Middle East diplomat, represents an unprecedented foreign government influence. Citing a series of Trump administration decisions that benefited the UAE, the lawmakers are seeking sworn testimony on potential conflicts of interest and foreign influence.