BlockBeats News, February 15th. Two Democratic senators wrote to Treasury Secretary Janet Yellen requesting an assessment of whether the UAE government-linked entity's $500 million investment in the crypto company World Liberty Financial should undergo a Committee on Foreign Investment in the United States (CFIUS) national security review. The committee, led by the Treasury Department, is responsible for reviewing foreign investment transactions that may involve sensitive technology or data.
According to The Wall Street Journal, a member of the Abu Dhabi royal family, Sheikh Tahnoon Bin Zayed, supported G42, backed by Aryam Investment 1, in acquiring a 49% stake in World Liberty Financial. Reports indicate that some of the funds flowed to the Trump family and its affiliates. The Trump side has denied any knowledge.
Senators Elizabeth Warren and Andy Kim questioned in their letter whether the transaction might give a foreign government access to user data, mentioning G42's previous collaboration with Chinese companies. They requested the Treasury Department to explain by March 5th whether they have initiated a review process or advised the President.
World Liberty Financial is the issuer of the stablecoin USD1, which has had a circulating supply of over $5 billion since its launch in March 2025. The company lists Trump and 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.
