Democrats target Kushner’s Saudi investment and Trump-linked crypto firm for scrutiny
Democrats say they would investigate business ties involving President Donald Trump’s family and associates if they gain control of either chamber of Congress in November. Senator Ruben Gallego named Trump’s son-in-law Jared Kushner as a priority, citing his Saudi dealings, while Senator Richard Blumenthal said he wants to examine the Trump-linked cryptocurrency firm World Liberty Financial and connections between the administration and Tether.
Kushner’s firm, Affinity Partners, received a $2 billion investment from Saudi Arabia’s Public Investment Fund in 2021, and he has faced earlier attempts by Democrats to scrutinise his Gulf business ties. World Liberty Financial was founded by Eric Trump and Donald Trump Jr. with the sons of US envoy Steve Witkoff. Tether disputes allegations about its role in illicit finance and says it has supported thousands of investigations and helped freeze more than $5 billion in illicit assets; gaining either chamber would give Democrats subpoena powers, though investigations could face lengthy legal challenges.
- Democrats outline potential investigations if they gain control of Congress.
- Gallego names Kushner’s Saudi ties as a priority.
- Blumenthal also targets Trump-linked crypto and Tether connections.
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Jared Kushner, former US President Donald Trump's son-in-law, runs Affinity Partners, an investment firm. The firm received $2 billion from Saudi Arabia's Public Investment Fund in 2021.
World Liberty Financial is a cryptocurrency company founded by Trump's sons Eric and Donald Jr alongside the sons of Steve Witkoff, who now serves as a US envoy. Tether is a major cryptocurrency platform that has faced regulatory questions in multiple countries.
These business ventures involve Trump family members and associates with ties to government. Questions arise about whether political connections might lead to conflicts of interest or create the appearance that such ties influence business opportunities.
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The case for
Congressional scrutiny could establish whether private business ties involving the president’s family and associates create conflicts of interest or affect government decisions. Supporters argue that subpoena powers are an important check on executive power and that examining the Saudi investment and crypto connections is justified where public trust and financial transparency are at stake.
The case against
Critics could argue that investigations announced in advance by political opponents risk appearing partisan and may divert congressional time from other priorities, especially if they rely on association rather than evidence of wrongdoing. They may also stress that the firms dispute allegations about illicit finance and that lengthy legal challenges could make broad inquiries costly without producing clear findings.
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Originally published by Daily Mail as “Democrats begin ‘salivating’ over Trump hit list as they place Saudi ties and crypto empire in their sights”.