Trump-Linked WLFI $500M UAE Stake Sparks Senate Demand For Probe
US lawmakers, including Senators Elizabeth Warren and Andy Kim, are demanding an investigation by the Treasury's CFIUS committee into a reported $500 million investment by an Abu Dhabi-linked vehicle for a 49% stake in Trump-connected crypto firm World Liberty Financial (WLFI). The investment, tied to Sheikh Tahnoon bin Zayed Al Nahyan and finalized in January 2025, raises national security concerns over foreign access to sensitive customer data, system controls, and strategic decision-making. The deal also involved board appointments linked to G42, a company previously scrutinized by US intelligence. If CFIUS does not review the transaction, lawmakers plan to pursue oversight hearings and further document requests.
bitcoinist02/16 07:32
