A group of U.S. Senators has formally requested that Treasury Secretary nominee Scott Bessent investigate a reported $500 million stake taken by the United Arab Emirates (UAE) in World Liberty Financial (WLFI), a digital asset platform closely associated with former President Donald Trump and his family. The lawmakers expressed deep concerns regarding the national security implications and potential conflicts of interest posed by a foreign sovereign wealth fund investing such a substantial sum into a venture tied to a prominent political figure. The request urges a comprehensive review by the Committee on Foreign Investment in the United States (CFIUS) to determine if the investment allows for undue foreign influence or poses risks to the integrity of the U.S. financial system. This development highlights the growing scrutiny surrounding foreign capital in emerging fintech sectors, particularly those with direct links to high-ranking government officials.
Source: Senators ask Bessent to probe $500M UAE stake in Trump-linked WLFI
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