U.S. Senators Demand Review of Trump-Linked Crypto Deal, Involving $5 Billion UAE Investment and National Security Risks

Odaily Two Democratic senators have sent a letter to Treasury Secretary Scott Bessent, requesting an assessment of whether a $5 billion investment by entities linked to the United Arab Emirates government into crypto company World Liberty Financial should undergo a national security review by the Committee on Foreign Investment in the United States (CFIUS). The committee, led by the Treasury Department, is responsible for reviewing foreign investment transactions that may involve sensitive technology or data.

According to a previous report by The Wall Street Journal, G42, backed by Abu Dhabi royal family member Sheikh Tahnoon bin Zayed, acquired a 49% stake in World Liberty Financial through an entity named Aryam Investment 1. The report indicated that some of the funds flowed to the Trump family and its associates. The Trump side has denied any knowledge of the matter.

In the letter, Senators Elizabeth Warren and Andy Kim questioned whether the deal could potentially grant a foreign government access to user data and mentioned G42's past record of cooperation with Chinese companies. The two senators demanded that the Treasury Department clarify by March 5 whether it has initiated a review process or made recommendations to the President.

World Liberty Financial is the issuer of the stablecoin USD1, which has achieved a circulation exceeding $50 billion since its launch in March 2025. The company lists Donald Trump and his Middle East envoy, Steve Witkoff, as honorary co-founders. A company spokesperson previously stated that the two were not involved in the UAE-related transaction.