According to reports, US Democratic Senators Elizabeth Warren and Elissa Slotkin have called for an investigation into potential ethics violations by members of the Trump administration regarding multi-billion dollar deals with the United Arab Emirates. In a letter dated September 24, 2025, addressed to the interim inspectors general of the Commerce and State Departments, as well as the Office of Government Ethics, the senators described the transactions as "deeply concerning" and alleged they blur the lines between public duty and private interests.
The investigation focuses on two key transactions: a plan for the UAE to import US-made artificial intelligence chips, and a $2 billion investment by UAE state-owned firm MGX, controlled by National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan, into World Liberty Financial (WLF). WLF is a cryptocurrency company founded by the Trump family and the family of former advisor Steve Witkoff. Specifically, MGX invested the amount in WLF's issued stablecoin, USD1, which was funneled into the Binance exchange.
Senators Warren and Slotkin allege that officials like David Sacks and Steve Witkoff, who held positions in the State Department and White House, advocated for easing AI technology restrictions to the UAE without disclosing their financial ties. They claim this created significant conflicts of interest and national security risks, urging a swift probe as Congress considers digital asset legislation.