US senators have requested the Committee on Foreign Investment in the United Arab Emirates to investigate allegations that the UAE holds shares in a Trump family crypto company.
PANews reported on February 14th that, according to Reuters, two Democratic senators, Elizabeth Warren and Andy Kim, from the U.S. Senate Banking Committee, sent a letter to Treasury Secretary Scott Bessent requesting a review of a transaction involving a UAE entity acquiring a stake in the Trump family's crypto business. The report states that a company affiliated with the UAE's national security advisor purchased a 49% stake in World Liberty Financial for $500 million, and the two senators are requesting an investigation into whether the transaction poses national security risks.
Warren and Kim have asked Bessent, head of the Committee on Foreign Investment in the United States (CFIUS), to determine whether a CFIUS review of the UAE's acquisition of a 49% stake in World Liberty Financial is necessary. If a review is required, they demand a full, thorough, and impartial investigation. They have asked Bessent to respond to several questions by March 5, including whether CFIUS has reviewed the transaction in any form or made any recommendations to President Trump. The two senators pointed out that the transaction raises significant national security concerns regarding whether the UAE and other countries could gain access to "sensitive personal information" collected by World Liberty Financial.
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