The U.S. House of Representatives has launched an investigation into a $500 million deal involving WLFI and a member of a UAE royal family.
TL;DR
A U.S. House Democrat is investigating WLFI, a crypto project tied to Donald Trump, over a $500 million investment from a UAE royal family-linked entity, requesting documents from its co-founder.
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According to Odaily, a senior U.S. House Democratic member has launched an investigation into World Liberty Financial (WLFI), a crypto project associated with Donald Trump, after reports that the project received a $500 million investment from an entity linked to a member of the UAE royal family.
U.S. House member Ro Khanna sent a letter to WLFI co-founder Zach Witkoff requesting detailed information and relevant documents. The letter cited an earlier Wall Street Journal report that Aryam Investment 1 (controlled by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security advisor and brother of the president) had acquired a 49% stake in WLFI. (The Block)