A U.S. House investigation is probing World Liberty Financial, a Trump-linked crypto venture, after reports that an Abu Dhabi-connected entity secretly agreed to acquire a 49% stake in WLFI for $500 million shortly before President Trump’s 2025 inauguration. The timing of the stake raised questions about foreign sovereign capital and potential national-security implications surrounding WLFI’s operations.
Ranking member Ro Khanna has demanded detailed ownership, payment, and governance records, including whether $187 million flowed to Trump family entities and how Aryam Investment 1 was involved. The inquiry also calls for capitalization tables, profit distributions, board appointment records, and due diligence materials tied to Aryam Investment 1, along with preservation of related electronic communications.
Officials are focused on WLFI’s USD1 stablecoin and its role in a separate $2 billion Binance investment, as well as any company involvement in discussions preceding the pardon of Binance founder Changpeng Zhao. The USD1 token reportedly settled the MGX portion of that Binance deal, prompting questions about how the token was used and the governance around such transactions. World Liberty Financial has until March 1 to deliver the requested records, with investigators emphasizing the need to preserve electronic communications and internal policies related to conflicts of interest and export controls involving entities tied to the United Arab Emirates or China.
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