U.S. Senators Seek CFIUS Review of UAE's $500 Million Investment in World Liberty Financial
U.S. Senators Elizabeth Warren and Andy Kim asked Treasury Secretary Scott Bessent on Feb. 15 to assess whether a $500 million investment by UAE government-affiliated entities in crypto firm World Liberty Financial should be subject to review by the U.S. Committee on Foreign Investment (CFIUS), BlockBeats reports. The Wall Street Journal previously reported that G42, backed by Sheikh Tahnoon bin Zayed of the Abu Dhabi royal family, acquired a 49% stake in World Liberty Financial through Aryam Investment 1, and said some funds flowed to the Trump family and its affiliates, which the Trump side denied knowledge of. In their letter, the senators questioned whether the transaction could grant foreign governments access to user data, noted G42's past collaborations with Chinese companies, and asked the Treasury to clarify by March 5 whether a review has begun or recommendations have been made to the President. World Liberty Financial issues the USD1 stablecoin, lists Donald Trump and his Middle East envoy Steve Witkoff as honorary cofounders, and a company spokesperson previously said neither individual was involved in UAE-related transactions; USD1's circulating supply has exceeded $5 billion since its March 2025 launch.