U.S. House of Representatives Launches Investigation into WLFI's $500 Million Deal Linked to UAE Royal Family Member

Odaily News A senior Democratic member of the U.S. House of Representatives has launched an investigation into the Donald Trump-linked cryptocurrency project World Liberty Financial (WLFI), following reports that the project received a $500 million investment from an entity associated with a member of the UAE royal family.

U.S. House Representative Ro Khanna sent a letter to WLFI co-founder Zach Witkoff demanding detailed information and relevant documents. The letter cited an earlier report from The Wall Street Journal, stating that Aryam Investment 1 (controlled by UAE National Security Advisor and brother of the President, Sheikh Tahnoon bin Zayed Al Nahyan) acquired a 49% stake in WLFI. (The Block)