Trump-linked WLFI | Crypto

Senators Push CFIUS Probe Into $500M UAE Stake in Trump WLFI The post Senators Urge CFIUS Probe Into $500M UAE Stake in Trump-Linked WLFI appeared first on Cryptonews.

Elizabeth Warren and Andy Kim call on Treasury’s Scott Bessent to review a UAE-backed investment in the Trump-linked crypto firm over national security concerns. Two US senators are pressing the Treasury Department to investigate a reported foreign investment in a crypto venture tied to the Trump family, raising concerns about national security, foreign influence and access to sensitive financial data. In a Friday letter to Treasury Secretary Scott Bessent, Massachusetts Senator Elizabeth Warren and New Jersey Senator Andy Kim asked the government to determine whether the Committee on Foreign Investment in the United States (CFIUS) should investigate a deal in which a UAE–backed investment vehicle agreed to purchase a 49% stake in World Liberty Financial (WLFI) for roughly $500 million. The lawmakers wrote that the transaction reportedly occurred days before Donald Trump’s inauguration and would make the foreign fund the firm’s largest shareholder and its only publicly known outside investor. They asked Besse...

House Democrats probe $500 million UAE investment in Trump-linked WLFI, highlighting questions over dealings with the country's national security adviser. World Liberty Financial (WLFI), a crypto company linked to US President Donald Trump’s family, is facing scrutiny from House Democrats over a reported $500 million investment by an entity linked to an Abu Dhabi royal in the UAE. California Representative Ro Khanna, a Democrat who has criticized public officials’ exposure to the crypto market, said on X on Thursday that he has launched an investigation into the UAE investment in WLFI. “This is about public trust and transparency,” Khanna said, linking to a Wall Street Journal report detailing that he urged a US attorney to probe the deal as well. Read more

Whales are losing millions of dollars on the decline of the Trump-linked WLFI token, but most of the pre-sale participants are still holding the coin. Whales, or big cryptocurrency investors, have lost millions of dollars by betting on the price appreciation of the Trump family-linked World Liberty Financial (WLFI) token. Since its launch on Monday, the WLFI token’s price fell by over 40%, despite a large-scale token burn event that permanently reduced the token’s circulating supply, aiming to tighten supply and boost the value of the remaining tokens on the market. Despite the over 40% decline, some of the pre-sale holders are still showing confidence in the presidentially endorsed token. Read more