Democratic US Senator Elizabeth Warren And Andy Kim urged the Treasury Secretary Scott Bessent to examine the $500 million in foreign investments linked to Liberty Global Financial.
They want the National Security Panel Committee on Foreign Investment in the United States to determine whether the agreement presents risks.
At the center of the concern is the announced sale of a 49% stake to Aryam Investmentsupported by Sheikh Tahnoon bin Zayed Al Nahyan. The deal was completed just days before Trump’s 2025 inauguration, when the project had no active product.
Source: banking.senate.gov
Two executives of an AI company G42 were also placed on the WLFI board, adding to the narrative.
Senators Warren and Kim argued that this could allow foreign influence over a company linked to a sitting president, while also creating potential data privacy risks for users.
They also mentioned the links between Tahnoon’s network and companies like MGXwho had previously invested in Binance (BNB) using WLFI 1 USD.
The Treasury now faces a March 5 deadline to respond. AMBCrypto previously reported that US President Donald Trump denied knowledge of the deal.
Final Summary
- WLFI fell almost 25% this month.
- US lawmakers are also pushing for an investigation into the $500 million foreign investment in WLFI.
