House probe targets WLFI after report of $500M UAE stake
U.S. congressional investigators have launched a probe into World Liberty Financial (WLFI) following a report that a United Arab Emirates–linked investor paid about $500 million for a nearly 49 % stake in the Trump‑linked crypto firm, raising concerns about foreign influence and financial transparency. Lawmakers are seeking ownership records, payment trails, and internal documents related to the company’s stablecoin operation. �
coindesk.com
Broad political scrutiny grows
A top House Democrat has opened a formal investigation into the deal, which involved an investment vehicle tied to the UAE’s national security adviser and an Abu Dhabi royal. Critics argue the timing of the investment — just days before former President Trump’s second inauguration — and subsequent U.S. policy decisions may pose ethical and national security questions. �
Wall Street Journal
Sen. Warren pushes for action
Senator Elizabeth Warren has also pressed Congress to examine the implications of the UAE investment, pointing to potential conflicts of interest and the need for hearings on the matter. �
CryptoRank
Calls for deeper investigation
Other lawmakers and analysts have labeled the deal “corruption” or expressed$TRUMP #ADPDataDisappoints #WhaleDeRiskETH #EthereumLayer2Rethink? #ADPWatch #TrumpEndsShutdown alarm about political and security risks, with some urging immediate inquiry into WLFI’s$BTC operations and foreign ties. �$