Senators Demand CFIUS Review of UAE’s $500M Stake in Trump-Linked Crypto Venture
Washington faces a new crypto controversy as Senators Elizabeth Warren and Andy Kim push for a national security review of a $500 million investment in World Liberty Financial (WLFI). The deal, involving a UAE-backed entity acquiring 49% of the Trump-family-linked venture, raises red flags over foreign influence and data security.
The transaction reportedly directs $187 million to Trump-affiliated entities, sparking conflict-of-interest concerns. Sheikh Tahnoon bin Zayed Al Nahyan, UAE's national security adviser, is allegedly connected to the funding. The timing—days after the inauguration—amplifies scrutiny over potential access to sensitive financial data.
Lawmakers warn the deal grants foreign actors undue leverage over a firm handling U.S. financial data. Their letter to Treasury Secretary Scott Bessent questions whether CFIUS was notified—a procedural gap that could complicate oversight.
