Trump-Linked WLFI $500M UAE Stake Sparks Senate Demand For Probe
US lawmakers on Friday stepped up stress over a reported overseas stake in a crypto agency tied to US President Donald Trump, asking the Treasury’s foreign-investment watchdog to elucidate whether or not the deal threatens nationwide safety or ought to be reviewed.
Trump And The $500 Million Deal
Reports say an Abu Dhabi-linked car paid about $500 million for roughly 49% stake in World Liberty Financial (WLFI). That funding is claimed to have put a overseas investor in line to be the biggest outdoors shareholder and to win board seats.
Based on reports, critics fear about what entry a big shareholder may need to buyer knowledge, system controls, or strategic decision-making at an organization that handles stablecoins and person wallets.
Sheikh Named As A Backer
Accounts level to an funding car tied to Sheikh Tahnoon bin Zayed Al Nahyan. Reports say the deal closed in January 2025, a timing that has drawn additional consideration from legislators, given its proximity to the transition in Washington.
Some cash from the transaction reportedly flowed to entities linked to the corporate’s founders and associates. That element has raised questions on disclosure and whether or not any guidelines governing overseas offers have been adopted.
Lawmakers Want Answers
Massachusetts Senator Elizabeth Warren and New Jersey Senator Andy Kim have written to Scott Bessent asking whether or not the Committee on Foreign Investment within the US — CFIUS — has reviewed the transaction or ought to now open a proper probe into the Trump-linked crypto enterprise.
The lawmakers set a response deadline and requested for paperwork and a transparent assertion on any nationwide safety considerations. Their letter frames the matter as one in all overseas entry to delicate monetary and id data, and of potential affect over a agency linked to a sitting president.
Board Appointments And Tech Ties Add To Scrutiny
Reports word that executives with ties to G42 have been named to the corporate’s board after the deal. That hyperlink has prompted contemporary questions, since G42 has been inspected in previous US intelligence critiques for its overseas partnerships.
Lawmakers say these sorts of connections benefit an in depth look when the investor traces again to a overseas authorities official or company.
Trump-Linked Crypto: What Happens Next
If CFIUS opens a proper evaluation, it may demand paperwork, interview executives, and impose mitigation steps or block elements of the deal. If no evaluation is launched, lawmakers say they are going to press additional via oversight hearings and doc requests.
The unfolding inquiry highlights a knot of points: overseas capital in crypto, the dealing with of client knowledge, and the way political ties intersect with cross-border investments.
Featured picture from David Hume Kennerly/Getty Images, chart from TradingView
