Michaela
Senators Elizabeth Warren and Elissa Slotkin have called for investigations into three federal oversight officials over potential conflicts of interest linked to Trump administration figures and their involvement with World Liberty Financial (WLF).
Key points:
- Warren and Slotkin are urging federal inspectors general to investigate David Sacks and Steve Witkoff over possible conflicts of interest with the UAE.
- The senators allege the two pushed to ease AI export restrictions while hiding financial ties to Sheikh Tahnoon and a $2 billion investment in Trump’s stablecoin.
- They warn the technology could boost foreign weapons and stress the need for oversight to prevent crypto-linked corruption from threatening U.S. security
The two lawmakers, in a September 23 letter, called for an investigation into White House AI and Crypto Czar David Sacks and World Liberty Financial co-founder Steve Witkoff over allegations they pushed for the sale of “sensitive national security technology” to the United Arab Emirates (UAE), raising concerns about conflicts of interest and potential ethics violations.
“If public reporting is accurate, it appears that Mr. Sacks and Mr. Witkoff, in exchange for personal benefit, may have aided a foreign power’s effort to acquire U.S. technology that could present serious economic and national security risks,” the letter wrote. Warren and Slotkin warned that the technology in question could potentially be used to strengthen foreign weapons systems, posing a threat to U.S. service members.
Additionally, the Senators alleged that Sacks and Witkoff were instrumental in the administration’s move to ease national security restrictions on exporting advanced AI systems to the UAE, a deal they have both publicly defended.
Warren and Slotkin noted, however, that neither has disclosed financial connections to the UAE’s national security advisor, Sheikh Tahnoon bin Zayed Al Nahyan, nor the personal gains tied to the Sheikh’s $2 billion investment in President Trump’s stablecoin, USD1. The lawmakers further revealed that Zach Witkoff, CEO of World Liberty Financial and son of Steve Witkoff, did not step aside from participating in the decisions under scrutiny.
Furthermore, Warren and Slotkin have urged the inspectors general of the Commerce Department, State Department, and the Office of Government Ethics to investigate Sacks and Witkoff. They emphasized the need to ensure that digital assets, including World Liberty Financial’s stablecoin, are not being used to enrich President Trump or senior officials at the expense of the public interest.
“The pattern of these transactions is deeply troubling and reveals that Mr. Witkoff and Mr. Sacks were in positions to control government decisions to personally enrich themselves – even as they created significant national security concerns,” the letter wrote.
The Senators emphasized that the requested investigation carries urgency not only because of its national security implications but also as Congress weighs legislation on digital asset market structure. They argued that oversight is necessary to prevent potential crypto-related corruption from threatening U.S. security.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
