US Senators Request Investigation into $500M UAE Investment in Trump-Linked Crypto Firm
- Senators Elizabeth Warren and Andy Kim urged the Treasury to investigate a UAE-backed investment in World Liberty Financial (WLFI) valued at approximately $500 million.
- The deal, which reportedly occurred days before Donald Trump’s inauguration, would grant the foreign fund a 49% stake and make it WLFI’s largest shareholder.
- The investment is linked to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser, with about $187 million directed to entities associated with the Trump family.
- Warren and Kim raised concerns that this structure could allow foreign influence over a US company handling sensitive financial data.
- CFIUS is responsible for reviewing foreign investments that may impact US national security or access to personal data of citizens.
The senators have requested answers by March 5 regarding whether CFIUS was notified of this transaction and if an investigation is warranted due to potential risks associated with foreign influence on financial data management.
This inquiry follows previous calls for investigations into WLFI’s token sales linked to sanctioned entities, highlighting ongoing scrutiny of foreign investments in US crypto ventures. (Source)
