Sens. Warren, Kim demand CFIUS review of UAE’s reported $500 million stake in World Liberty Financial

U.S. Senators Elizabeth Warren and Andy Kim have formally called on the Committee on Foreign Investment in the United States (CFIUS) to investigate a reported $500 million investment from the United Arab Emirates into World Liberty Financial, a cryptocurrency initiative backed by former President Donald Trump. In a letter addressed to Treasury Secretary Janet Yellen, the lawmakers expressed concern that such a substantial stake by a foreign government in a platform with close ties to a major political figure poses significant national security risks and potential conflicts of interest. The senators urged the committee to determine if the investment allows foreign actors to exert undue influence over U.S. financial infrastructure or leverage political connections for strategic gain. World Liberty Financial, which launched with the aim of promoting decentralized finance, has faced increasing scrutiny from regulators and legislators regarding its ownership structure and the implications of its foreign funding sources.

Source: Sens. Warren, Kim demand CFIUS review of UAE’s reported $500 million stake in World Liberty Financial