US Senators Elizabeth Warren and Andy Kim are demanding an investigation into $500 million in investments in World Liberty Financial, a company partially owned by the sons of US President Donald Trump.
Lawmakers sent a letter to Treasury Secretary Scott Bessent asking him to determine whether staff at the Committee on Foreign Investment in the United States shouldfurther Committee) to examine the completed transaction for any risks it may pose to national security. Bessent must respond by March 5, and the Treasury has not yet expressed its position on the matter.
The deal in question took place before Trump’s inauguration in January 2025. Emirati firm G42, linked to Sheikh Tahnoon bin Zayed Al Nahyan, who serves as the UAE’s national security adviser, bought 49% of World Liberty Financial shares. According to Happy Coin NewsThe Trump family received $187 million for the securities, and the couple of the US President’s special representative, Steve Witkoff, earned at least $31 million.
Elizabeth Warren
Warren and Kim are concerned that cooperation between G42 and World Liberty Financial could give Arabs access to valuable technology and personal data of Americans. Therefore, they believe the Committee has grounds for investigation. The senators are suspicious of G42 because the company is linked to Chinese organizations and has historically assisted the military of China, considered the United States’ main geopolitical adversary.