Trump’s World Liberty Financial Faces New Probe Over $500 Million Investment From UAE

Democratic Senators Elizabeth Warren and Andy Kim have written to Treasury Secretary Scott Bessent, demanding an investigation by the Committee on Foreign Investment in the United States (CFIUS) into a $500 million investment into Donald Trump’s cryptocurrency business, World Liberty Financial (WLFI). The investment, which transferred a 49% equity stake just before Trump's inauguration, originated from a vehicle backed by the United Arab Emirates (UAE), specifically steered by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser. The senators are concerned because two executives from Al Nahyan's AI firm, G42—a company previously scrutinized by US intelligence for allegedly supplying surveillance technology to the Chinese military—were placed on WLFI's board, potentially granting foreign entities operational control and access to sensitive financial metadata of high-level US officials. Warren and Kim argue this arrangement poses national security risks and creates a channel for foreign influence, demanding Bessent explain by March 5 how the Treasury will handle the conflict of interest.

(Source：BeInCrypto)