House Democrats Seek Clarity on Trump’s UAE Deal
In a move stirring both intrigue and skepticism, House Democrats are demanding explanations regarding former President Donald Trump’s $500 million stake sale in his cryptocurrency venture to a member of the Emirati royal family, which took place just prior to his inauguration. This transaction raises eyebrows, especially considering the subsequent agreement Trump made to supply the United Arab Emirates with sought-after American AI chips—an arrangement that some critics liken to a clandestine bribe.
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During a House hearing on Wednesday, Treasury Secretary Scott Bessent found himself under scrutiny as Representative Gregory Meeks pressed him on whether he would investigate or halt any licensing processes for the UAE-based World Liberty Financial. In response to Meeks’ straightforward yes-or-no question, Bessent veered off course, reminiscing about Meeks’ trip to Venezuela in 2006—a rather peculiar non sequitur.
Meeks, undeterred by the diversion, quipped, “I’ll take that as a no.” His assertion was met with attempts from Republican committee members to interrupt him, insisting that his time was up. Yet, Meeks persisted, urging Bessent to stop shielding Trump from scrutiny.
“Stop covering for the president. Stop being his flunky,” Meeks implored, as Bessent continued to read from his notes, seemingly unfazed by the mounting tension. The congressman reiterated his plea: “Why don’t you stop covering the president? Don’t be a flunky. Work for the American people, work for the American people. Don’t be a cover-up for a mob.”
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Meeks confronted Bessent for not fulfilling his responsibilities.
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