A crypto venture linked to the Trump family, World Liberty Financial, is facing scrutiny from US lawmakers following reports of its $500 million investment tied to the United Arab Emirates. The investigation focuses on ownership, governance, and possible conflicts of interest.
Representative Ro Khanna has called for detailed records from the company, including agreements and communications linked to a reported 49% stake acquired shortly before Donald Trump’s inauguration. The investment involved figures connected to UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan.
Khanna has raised concerns about national security and whether foreign capital influenced US policy decisions. He has also linked the case to a separate deal involving World Liberty’s USD1 stablecoin, which was reportedly used in a large Binance investment.
President Trump has stated that he was unaware of the transaction, maintaining that his family members manage the business interests independently. However, Representative Ro Khanna has warned that these arrangements may violate conflict-of-interest statutes and constitutional prohibitions on foreign influence, such as the Emoluments Clause.
The investigation comes as stablecoins gain significant regulatory prominence and politically connected digital asset projects face heightened scrutiny in Washington.
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