BlockBeats News, February 15 — Two Democratic Senators have written to Treasury Secretary Janet Yellen, requesting an assessment of whether the UAE government-affiliated entities’ $500 million investment in crypto company World Liberty Financial should be subject to a national security review by the Committee on Foreign Investment in the United States (CFIUS). The committee, led by the Treasury Department, reviews foreign investment transactions that may involve sensitive technology or data.
According to a previous report by The Wall Street Journal, G42, supported by Abu Dhabi royal Sheikh Tahnoun bin Zayed, acquired a 49% stake in World Liberty Financial through an entity called Aryam Investment 1. The report indicated that some of the funds flowed to the Trump family and their affiliates. The Trump side denied any knowledge.
Senators Elizabeth Warren and Andy Kim questioned in their letter whether this transaction could allow a foreign government access to user data, and mentioned G42’s past collaborations with Chinese companies. They asked the Treasury Department to clarify whether a review process has been initiated or if a recommendation has been made to the President by March 5.
World Liberty Financial is the issuer of the stablecoin USD1, which has circulated over $5 billion since its launch in March 2025. The company lists Trump and Middle East envoy Steve Wietkoff as honorary co-founders. Previously, a company spokesperson stated that the two were not involved in the UAE-related transaction.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Fed Governor Notes Fading Crypto Euphoria; Chinese Exchanges Tighten Rules; Senators Query UAE Stake in WLFI
Gate News bot message, Fed Governor Christopher Waller states post-election crypto euphoria is fading. Chinese exchanges tighten trading rules amid metals speculation surge. Senators ask Bessent to probe $500M UAE stake in Trump-linked $WLFI.
GateNewsBot3h ago
Animoca Brands Gets VASP Licence From Virtual Assets Regulatory Authority in Dubai
Animoca Brands has secured a Virtual Asset Service Provider Licence from Dubai's VARA, enabling it to offer VA Broker-Dealer services globally. This milestone enhances Dubai's digital asset ecosystem and supports the growth of Web3 and crypto companies in the region.
BlockChainReporter3h ago
Russians Conduct $648M Daily in Crypto Deals Amid New Regulations
Russia's cryptocurrency market is booming at $648 million daily, highlighting extensive adoption but limited oversight. New regulations aim to legalize trades, potentially reclaiming $15 billion in fees and enhancing local exchange profits.
CryptoFrontNews5h ago
Russia Weighs Domestic Stablecoin Amid US GENIUS Act and EU Digital Euro Push
The Bank of Russia plans to reassess its opposition to stablecoins and conduct a feasibility test this year due to rising demand. Amidst global stablecoin adoption, Russia may develop its own ruble-pegged stablecoin alongside its digital ruble initiative.
CryptoNewsFlash6h ago
Honduran Bitcoin Utopia Prospera Faces Uncertainty After Government Change
Prospera, a Zone for Employment and Economic Development (ZEDE) in Honduras that uses bitcoin as legal tender, faces uncertainty about its future after the highest court declared the framework that created it unconstitutional.
Prospera Faces Uncertainty After Nasry Asfura’s Victory
Prospera, a Ho
Coinpedia10h ago
IMF Warns Dollar-Linked Stablecoins Could Undermine Central Bank Control
The IMF's report highlights concerns over stablecoins' reliance on the U.S. dollar, warning they may disrupt monetary control and financial stability. It calls for international regulations to mitigate risks posed by their rapid growth.
TheNewsCrypto10h ago
