U.S. Senator Calls for Review of Trump-Linked Crypto Transactions Involving $500 Million Investment from UAE for National Security Risks

According to FinanceFeeds, two Democratic senators have written to Treasury Secretary Scott Bancenet, requesting an assessment of whether the UAE government's affiliated entity's $500 million investment in the cryptocurrency 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 technologies or data. According to a previous report by The Wall Street Journal, G42, supported 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 affiliates. The Trump camp denied any knowledge of this. Senators Elizabeth Warren and Angus King questioned in their letter whether the deal could allow a foreign government access to user data and mentioned G42's past collaborations with Chinese companies. They requested the Treasury Department to clarify by March 5 whether a review process has been initiated or if a recommendation has been made to the president.

World Liberty Financial is the issuer of the stablecoin USD1, which has circulated over $5 billion since its launch in March 2025. The company lists 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 transactions.