Mysterious United Arab Emirates company invests 500 million USD in shares! U.S. House of Representatives intervenes in investigation of World Liberty Financial

The U.S. Congress is currently investigating the cryptocurrency business under the Trump family. This action, initiated by the House of Representatives, primarily focuses on whether World Liberty Financial (WLFI) has improper ties with foreign sovereign capital and U.S. technology policies.
The investigation stems from recent reports by The Wall Street Journal, which claimed that just before Trump’s inauguration in early 2025, an entity with close ties to the United Arab Emirates allegedly secretly signed an agreement to purchase up to 49% of World Liberty Financial’s shares for $500 million. The news immediately sparked strong concerns in Washington about potential conflicts of interest and national security risks.
Member of the House Select Committee on China, Democratic Congressman Ro Khanna, has formally written to World Liberty Financial, requesting the company to provide a shareholding structure, profit distribution details, and internal communication records. The investigation focuses on potential conflicts of interest, national security risks related to AI chip export controls, and the role of World Liberty Financial’s stablecoin USD1 in MGX’s $2 billion investment in Binance.
In the letter, Ro Khanna asks World Liberty Financial to confirm several key details, including whether $187 million in funds actually flowed to entities related to the Trump family; and whether additional funds were paid to related parties or co-founders of the company. Additionally, Congress requests the company to provide the shareholding structure, profit distribution records, board appointment records, and due diligence materials related to Aryam Investment 1 (the UAE company mentioned in the report).
Another core focus of the congressional investigation is USD1, the stablecoin issued by World Liberty Financial, which was used by Abu Dhabi investment firm MGX in its $2 billion investment in Binance. Ro Khanna and other lawmakers seek clarification on why USD1 was chosen as the settlement stablecoin for this transaction; how much actual profit it brought to World Liberty Financial; and whether company personnel participated in discussions related to obtaining a presidential pardon after Zhao Changpeng.
The committee has explicitly demanded that World Liberty Financial properly preserve all electronic communication records and internal control policies, especially those related to conflicts of interest, export controls, and dealings with entities in the UAE and China.