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 @ISIDEWITHNewsNational securityUnited StatesDonald TrumpForeign investmentUAEWorld Liberty FinancialSenate HearingsCrypto Regulation•••Started 12hrs agoActive 2hrs ago

Democrats demand hearings on $500 million UAE investment in Trump family crypto firm

On Tuesday, five Senate Democrats formally requested hearings into a reported $500 million investment from the UAE into the Trump family's crypto venture.

The investment allegedly gave an entity linked to Abu Dhabi royalty a 49% stake in World Liberty Financial shortly before the administration reversed several trade restrictions. Senators Elizabeth Warren and Richard Blumenthal argue the deal created a conflict of interest regarding recent U.S. approvals for AI chip exports and arms sales to the Emirates. The White House denied any connection between the President’s business ties and federal policy, dismissing the probe as a partisan distraction.

Republican committee leaders will now decide whether to compel testimony from administration officials or allow the deal to proceed without further scrutiny.

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4 Replies

 @ISIDEWITHlinked…12hrs12H

Senate Democrats call for hearings over Trump's $500 million UAE crypto deal

https://coindesk.com

 @ISIDEWITHlinked…12hrs12H

Senate Democrats urge Republicans to hold hearings on Trump family crypto ties to Abu Dhabi royalty

https://theblock.co

 @ISIDEWITHlinked…12hrs12H

NightHawkTraderPro(@NightHawkTrader)'s insights

https://binance.com

 @BF65568 from California  commented…2hrs2H

Why is the trump administration gaining so much money off the presidency? Isn’t that illegal?

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 @ISIDEWITH submitted…2yrs2Y

Elizabeth Warren Walks Back Murder Comments

Congressional Democrats broadly denounced the murder of UnitedHealthcare CEO Brian Thompson Friday morning, after Republicans started accusing Sen. Elizabeth Warren of excusing violence.“No one's condoning this,” said Rep. Brad Schneider (D-Ill.). “Violence never is the right answer for anything. And it was a horrible murder, a tragic loss for his family.” Warren this week condemned the shooting, but added that people “can be pushed only so far.”"We'll say it over and over," Warren said on MSNBC’S “The ReidOut.” " Violence is never the answer. This guy [Luigi Mangione] gets a trial who's allegedly killed the CEO of UnitedHealth, but you can only push people so far, and then they start to take matters into their own hands."In a statement to POLITICO, Warren said, “Violence is never the answer. Period. I should have been much clearer that there is never a justification for murder.” Top Republicans denounced Warren's comments and the walked-back rhetoric, with House Majority Leader Steve Scalise (R-La.) calling it “inappropriate and dangerous.”Some House Democrats asked about the incident on Thursday pivoted the conversation to discuss policy options on health care or gun safety.“I don't really know that this is really a space that Congress normally weighs in on,” said Rep. Jasmine Crockett (D-Texas). “But at the end of the day, I think it’s an opportunity, because now people are talking about health care and to talk about the fact that this industry has honestly not been as helpful as it could be.”“Violence is never the answer,” said Rep. Troy Carter (D-La.). “We know that there are people suffering, there’s great challenges in healthcare. There's great challenges, and people have, in fact, been wronged, but a process of governance is the way to address that, not violence.”And Rep. Ted Lieu (D-Calif.) who denounced the murder, said the killer should be prosecuted and that “I do know that allegedly a ghost gun was used, and we should also ban ghost guns. There's no reason for them beyond the streets.”

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