Sens. Warren, Kim demand CFIUS review of UAE’s reported $500 million stake in World Liberty Financial: Reuters
Senators Warren and Kim urged Treasury Secretary Bessent to seek a CFIUS review of a reported $500 million UAE stake in World Liberty Financial.Summary
Democratic Senators Elizabeth Warren and Andy Kim, both members of the Senate Banking Committee, sent a letter to Treasury Secretary Scott Bessent demanding he determine if the Committee on Foreign Investment in the United States (CFIUS) should review a reported $500 million investment in World Liberty Financial by a UAE government-linked entity. The investment, reportedly made by G42, a company backed by UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, acquired a 49% stake just before Donald Trump's second inauguration. Warren and Kim expressed concern that the deal could grant foreign governments access to sensitive user data collected by World Liberty Financial, which operates the USD1 stablecoin. They also cited G42's past ties to Chinese military technology firms. This request follows a separate investigation launched by Representative Ro Khanna and previous scrutiny of World Liberty Financial's pending national trust bank charter application.
(Source：The Block)