Two Democratic senators have urged US authorities to investigate a $500 million investment by the United Arab Emirates in World Liberty Financial, citing national security risks linked to foreign ownership of a Trump family crypto venture.
Elizabeth Warren and Andy Kim called for a formal review of the deal that granted Emirati technology firm G42 a 49% stake in World Liberty Financial just days before President Donald Trump’s January 2025 inauguration.
The senators requested that the Committee on Foreign Investment in the United States examine the transaction, warning that the scale of foreign participation and board representation could expose sensitive user data and influence US policy.
The investment, first reported by The Wall Street Journal, included an initial $250 million payment through Aryam Investment 1, with documents bearing the signature of Eric Trump and allocations reportedly directing $187 million to Trump-linked entities and at least $31 million to companies tied to special envoy Steve Witkoff.
“My sons are handling it, my family is handling it… I already have enough to do with Iran, Russia, and Ukraine,”
Said Donald Trump.
Lawmakers argue that alleged links between G42 and Chinese military-affiliated technology groups, as well as concerns over data collected by the crypto platform, heighten risks that foreign actors could gain access to sensitive personal information.
The controversy adds to broader scrutiny of crypto oversight under Paul Atkins and places further pressure on Treasury Secretary Scott Bessent, who has been given until March to respond as investigations into the governance of World Liberty Financial intensify.
At the time of reporting, World Liberty Financial price was $0.1004.