U.S. House of Representatives Investigates Abu Dhabi Funds' Stake in WLFI, Focusing on Stablecoin USD1 and Binance Transactions

Odaily News The U.S. House of Representatives has launched an investigation into the Trump-linked cryptocurrency project World Liberty Financial, focusing on whether it involves foreign sovereign capital and potential national security and policy compliance issues.

The investigation stems from a previous report by The Wall Street Journal, which disclosed that an Abu Dhabi-related entity secretly agreed to acquire approximately 49% of World Liberty Financial's equity for $500 million shortly before Trump's inauguration in early 2025. In response, U.S. Representative Ro Khanna has sent a letter to the company, requesting information on its equity structure, payment details, internal communication records, and verification of the related investment situation.

The letter specifically asks World Liberty Financial to confirm whether $187 million flowed into entities related to the Trump family and whether there were additional payments made to parties associated with the company's co-founders. (CoinDesk)