Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fee
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Event Contracts
New
Predict price moves and seize opportunities
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
JP Stocks
Top Japanese stocks, all in one place
TW Stocks
Gate TW Stocks
Real Taiwan stocks and top assets
Stock Futures
High leverage, 24/7 trading
Stock Options
New
Popular stock options, flexible leverage
Stocks Activities
Trade popular stocks and unlock generous airdrops
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
tag
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Share ideas & discover hot takes
Live
moments live
Real-time expert analysis
Chat
Chat with global traders
News
What is happening in crypto
Gate Learn
Crypto guides and educational resources
Gate Blog
Crypto insights and industry updates
Gate Research
In-depth research and market analysis
More
Promotions
AI
Others
Rewards
gate money
资金安全证明 PoSEC

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

区块客
WLFI-0.16%
USD1+0.00%
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. Once the news broke, it immediately sparked strong concerns in Washington about potential conflicts of interest and national security risks.
Member of the House Committee on China Affairs, 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 the stablecoin USD1 issued by World Liberty Financial 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 has requested 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 this 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 are seeking 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.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments