U.S. Senate Committee on Banking, Housing, and Urban Affairs
06/23/2026 | Press release | Distributed by Public on 06/23/2026 16:08
Warren Releases New Report: American National Security for Sale
June 23, 2026
Previous ArticleWarren Releases New Report: American National Security for Sale
Report reveals how UAE officials and entities invested hundreds of millions in Trump family crypto ventures and received at least 10 policy actions in return - including access to advanced U.S. AI chips
Washington, D.C. - Today, the Minority Staff of the Senate Banking, Housing, and Urban Affairs Committee-led by Ranking Member Elizabeth Warren (D-Mass.)-released a new report detailing how officials and entities affiliated with the United Arab Emirates (UAE) made unprecedented investments in the Trump family's cryptocurrency company World Liberty Financial (WLF), and how the Trump Administration subsequently took at least 10 policy actions benefiting the UAE-despite serious economic and national security concerns.
"American families are worrying about their jobs, the rising cost of groceries, and how they're going to pay their bills. Meanwhile, President Trump is profiting from decisions that make it easier for countries like China to get their hands on some of our most sensitive and advanced technologies," said Ranking Member Warren. "Congress needs to grow a spine. We cannot allow American national security simply to be sold to the highest bidder."
The report documents a troubling pattern. Four days before President Donald Trump's inauguration, UAE affiliated officials and entities reportedly invested half a billion dollars to take almost a majority stake in WLF. Not only was the investment backed by the UAE's national security advisor, the terms of investment were uniquely favorable to the Trump family.
The report details 10 policy actions that the Trump Administration has taken to benefit the UAE that have raised serious concerns about the possibility of an unprecedented "pay to play" scheme that is enriching the families of the President and senior Administration officials while selling out the interests of American families.
Read the full report HERE.
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