Catenaa, Monday, February 09, 2026-The U.S. House has opened an investigation into World Liberty Financial, a crypto venture linked to former President Donald Trump, following reports of a $500 million UAE-linked stake shortly before Trump’s inauguration.
Representative Ro Khanna, ranking Democrat on the House Select Committee on the Chinese Communist Party, requested detailed ownership records, payment flows, and internal communications tied to the deal.
According to a Wall Street Journal report cited in Khanna’s letter, associates of Abu Dhabi’s royal family signed an agreement to acquire 49% of World Liberty Financial.
The investment raises questions about potential conflicts of interest, national security risks, and whether U.S. technology policy may have shifted to favor foreign capital connected to strategic priorities.
The probe also examines World Liberty’s USD1 stablecoin, which was reportedly used to facilitate a $2 billion investment into Binance by MGX, an entity linked to Sheikh Tahnoon bin Zayed Al Nahyan.
Khanna highlighted concerns over stablecoin influence on revenues and policy, including export controls on advanced AI chips and related decisions affecting China.
The letter noted that the agreement was signed days before Trump’s inauguration by Eric Trump, and that two senior figures tied to the UAE investor later joined World Liberty’s board.
Khanna warned that the arrangements could violate multiple laws and the Constitution’s Foreign Emoluments Clause, calling for transparency by March 1, 2026.
The inquiry arrives as stablecoins and politically connected crypto ventures face heightened scrutiny over governance, ownership, and market influence.
Khanna stressed that Congress will hold involved parties accountable for potential risks to U.S. national security and market integrity.
