According to Mars Finance, the U.S. House of Representatives has launched an investigation into World Liberty Financial, a cryptocurrency project linked to President Trump, focusing on whether it involves foreign sovereign capital and potential national security and policy compliance issues. The investigation stems from a previous Wall Street Journal report that an Abu Dhabi-related entity secretly agreed to acquire approximately 49% of World Liberty Financial for $500 million shortly before Trump's inauguration in early 2025. In response, Representative Ro Khanna has sent a letter to the company requesting information on its shareholding structure, payment details, internal communications, and verification of the investment. The letter specifically requests World Liberty Financial to confirm whether $187 million flowed into entities related to the Trump family, and whether there were any additional payments made to associates of the company's co-founders.
The US House of Representatives has launched an investigation into Abu Dhabi funds' investment in WLFI, focusing on the stablecoin USD1 and its trading on Binance.
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