Ahmet yeniceri 
Trump crypto investigation is on the agenda. Senators are concerned about ethical violations linked to World Liberty Financial. Democratic Senators Elizabeth Warren and Elissa Slotkin in the US have brought Trump and his family’s crypto connections to the forefront. They requested an investigation into possible ethical violations in transactions involving World Liberty Financial, in which Donald Trump is a partner.
Senators Demand Investigation!
Senators sent letters to the Department of Commerce, the Office of Government Ethics, and the State Department. The letters questioned David Sacks and Steve Witkoff’s ties to the UAE. Additionally, the fact that Witkoff’s son Zach is the CEO of World Liberty Financial, which he established with the Trump family, raised suspicions of a conflict of interest. This also emerged as one of the reasons for the request for a Trump crypto investigation.
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UAE Agreements and Stablecoin Connection
A New York Times investigation revealed that the Trump administration played a role in two critical agreements with the UAE. First, MGX, a UAE-based investment firm, invested $2 billion in Binance. Then, MGX made this investment through the USD1 stablecoin issued by World Liberty Financial. Shortly thereafter, the Trump administration approved the export of thousands of advanced technology chips to the UAE, considered critical for artificial intelligence. These developments further fueled the Trump crypto investigation debate.
However, the Trump camp denied the allegations. Furthermore, World Liberty Financial and White House spokespeople stated that there was no connection between the two deals. Eric Trump defended his family in a statement to CNBC, saying, “We have always been entrepreneurs. Crypto was an alternative to the banking system.”
Trump Crypto Investigation and National Security Concerns
Warren and Slotkin stated that the transactions in question posed both a conflict of interest and national security risks. They also emphasized that this process should be taken into account in the ongoing crypto regulation efforts in Washington. Thus, the Trump crypto investigation issue has become not only an ethical matter but also a strategic national security issue.