WASHINGTON— Right this moment, Consultant Ro Khanna (CA-17), Ranking Member of Home Select Committee on the Strategic Competitors Between the United States and the Chinese language Communist Social gathering (“CCP”), launched an investigation into how conflicts of curiosity could also be influencing U.S. authorities insurance policies involving our competitors with China. In reference to this inquiry, he despatched a letter to the Trump Family’s World Liberty Financial (“WLF”), demanding info on the reported $500 million funding take care of United Arab Emirates (“UAE”) Royal Family member Sheikh Tahnoon bin Zayed Al Nahyan. The reported deal could have contributed to modifications to U.S. coverage supposed to forestall the diversion of superior synthetic intelligence chips to China from the UAE, probably undermining the U.S. capacity to outcompete the CCP and elevating nationwide safety considerations. No matter ones views on interact with the UAE and deal with AI competitors with China, it’s fallacious to implicate the President’s private monetary pursuits in coverage choices. The letter additionally seeks info from World Liberty Financial about its facilitation of a $2 billion funding in a cryptocurrency alternate based in China by Changpeng Zhao – who lately was pardoned by the President.
Ranking Member Khanna additionally despatched a letter to Benjamin Wallace, United States Lawyer for the District of Delaware, guaranteeing he’s conscious one in every of the Emirati corporations concerned in the deal is domiciled in his state.
“Our capacity to efficiently outcompete the Chinese language Communist Social gathering relies upon on the integrity of our policymaking course of,” mentioned Ranking Member Khanna. “Congress is not going to be supine amid this scandal and its unmistakable implications on our nationwide safety.”
Learn the full textual content of the letters to WLF here and U.S. Lawyer Wallace here.
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