PANews February 14th reported that, according to Reuters, two Democratic senators of the U.S. Senate Banking Committee, Elizabeth Warren and Andy Kim, have written to Treasury Secretary Scott Bessent, requesting an investigation into a transaction involving an Emirati entity acquiring equity in a Trump family crypto company. It is reported that a company under the Emirati National Security Advisor purchased a 49% stake in World Liberty Financial for $500 million. The two senators are calling for an investigation into whether this transaction poses national security risks.
Warren and Kim are asking Bessent, who is responsible for the Committee on Foreign Investment in the United States (CFIUS), to determine whether a CFIUS review is necessary for the Emirati acquisition of a 49% stake in World Liberty Financial. If a review is required, they request a comprehensive, thorough, and fair investigation. They also ask Bessent to respond to several questions by March 5, including whether CFIUS has reviewed the transaction in any form or submitted any recommendations to President Trump. The two senators pointed out that this transaction raises significant national security concerns, including whether countries like the UAE might gain access to sensitive personal information collected by World Liberty Financial.
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