• Two democratic senators have requested the Treasury to find out whether or not a UAE-backed funding in a Trump-linked crypto agency requires nationwide safety scrutiny.
  • The reported 49% stake was acquired shortly earlier than Trump’s second inauguration and concerned substantial funds to entities linked to his household and Steve Witkoff.
  • Lawmakers raised issues about potential overseas entry to consumer information and cited intelligence warnings relating to G42’s alleged China ties.

Democratic Senators Elizabeth Warren and Andy Kim have urged Treasury Secretary Scott Bessent to evaluate whether or not a US$500 million (AU$705 million) funding by a United Arab Emirates-linked entity in World Liberty Financial ought to face a nationwide safety assessment.

In a letter despatched on Friday, the 2 members of the Senate Banking Committee requested Bessent to find out whether or not the Committee on International Funding in the USA (CFIUS) must scrutinise the reported 49% stake acquired within the Trump-linked cryptocurrency enterprise. CFIUS, which is chaired by the Treasury, examines overseas investments for potential nationwide safety threats.

The senators requested solutions by 5 March, together with whether or not CFIUS has already evaluated the transaction or supplied any advice to President Donald Trump. They wrote that “The transaction raises vital nationwide safety issues,” and mentioned CFIUS has a “clear mandate to deal with potential nationwide safety dangers from overseas investments”.

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Key Particulars of the Acquisition

In accordance with studies final month, G42, an organization backed by Sheikh Tahnoon bin Zayed Al Nahyan, bought the stake days earlier than Trump’s second inauguration in January 2025. 

The deal was executed by Aryam Funding 1 and signed by Eric Trump, with an upfront US$250 million (AU$352.5 million) fee, of which about US$187 million (AU$263.67 million) went to Trump household entities and not less than US$31 million (AU$43.71 million) to corporations linked to Steve Witkoff’s household.

Warren and Kim questioned whether or not the association may allow the UAE or China to entry delicate private information collected by the corporate. In addition they cited longstanding US intelligence warnings that G42 might have supplied expertise to help China’s army.

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