A U.S. House committee has launched a formal investigation after learning that the United Arab Emirates made a significant investment in World Liberty Financial (WLFI), a crypto company linked to President Donald Trump’s family. Lawmakers want to know whether a $500 million agreement with a company linked to the UAE created conflicts of interest or posed a risk to national security.
Reports from the Wall Street Journal and follow-up coverage say that a vehicle linked to Abu Dhabi agreed to buy a 49 percent stake in WLFI for around $500 million in early 2025, just before Trump returned to the White House. Claims suggest Eric Trump, Trump’s son, signed the deal on behalf of the family firm.
Details Of The UAE Deal Under Scrutiny
House investigators are focusing on an investor described as “Aryam Investment 1,” an Abu Dhabi–linked entity that took the 49 percent stake. Documents and media accounts suggest the purchase price was around $500 million, with some reports claiming that $187 million flowed directly to entities controlled by the Trump family.
Representative Ro Khanna, a senior Democrat involved in the probe, has sent a detailed request for records to WLFI’s co‑founders. He is seeking ownership charts, capitalization tables, payment flows, board minutes, and internal communications related to the UAE‑backed investment, including any internal compliance or conflict‑of‑interest warnings.
Lawmakers also want to understand how much money, if any, went to other politically connected figures, such as Trump‑appointed envoys in the Middle East. WLFI and the White House have publicly described the deal as a routine private investment, but have not released full transaction details.
​Focus On USD1 Stablecoin And Binance Deal
The investigation extends beyond equity funding. Members of Congress are also examining World Liberty Financial’s U.S. dollar‑pegged stablecoin, called USD1, and its use in a separate multibillion‑dollar transaction.
According to reports referenced in the House document requests, a corporation called MGX invested $2 billion in the cryptocurrency exchange Binance, which used USD1.
Investigators want to know why that transaction used USD1, how much money World Liberty Financial made, and whether any staff members participated in discussions about the later presidential pardon of Changpeng Zhao, the founder of Binance.
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