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House Opens Inquiry Into Reported $500 Million UAE Stake in World Liberty Financial

Investigators are zeroing in on USD1’s use in a $2 billion Binance deal, potential conflicts from the alleged Emirati purchase, plus links to later AI chip approvals.

Overview

  • Rep. Ro Khanna sent World Liberty Financial a records demand seeking ownership data, payment trails, capitalization tables, board appointment records, and communications tied to Aryam Investment 1.
  • The committee asked the company to verify reports that about $187 million went to Trump-linked entities and roughly $31 million to affiliates of WLFI’s co‑founders.
  • Lawmakers requested documentation on why the USD1 stablecoin was used to settle MGX’s $2 billion investment in Binance, any revenue generated, and any company discussions related to the later pardon of Changpeng Zhao.
  • Investigators ordered preservation of communications on conflicts of interest, export controls, and dealings with UAE- or China‑linked entities, with records due by March 1.
  • WLFI has not confirmed the reported stake sale, and President Trump said he was unaware of the investment and that family members handle the business.