House Democrats Probe Trump-Linked WLFI's Alleged $500M UAE Deal, Impacting Crypto Markets
ByAinvest
Saturday, Feb 7, 2026 8:14 am ET1min read
BTC--
House Democrats have launched a probe into a $500 million UAE-linked investment in WLFI, a crypto project tied to the Trump family. The deal was signed just days before Donald Trump's second inauguration and routed millions to Trump-affiliated entities. The investigation has added fresh volatility to crypto markets, weighing on Bitcoin and politically linked tokens. Lawmakers say the timing, structure, and beneficiaries of the transaction raise concerns about conflicts of interest and foreign influence.
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