Two Democratic US senators, Elizabeth Warren and Andy Kim, are calling for a national security review of a reported $500 million investment by a UAE-linked company in a cryptocurrency firm tied to the Trump family.
In a letter sent to Treasury Secretary Scott Bessent, who chairs the Committee on Foreign Investment in the United States (CFIUS), the senators urged the Treasury to investigate whether the 49% stake acquired by Abu Dhabi-based AI company G42 in World Liberty Financial should undergo a formal CFIUS review. They pressed for a “comprehensive, thorough and unbiased investigation” if the deal falls within CFIUS’s remit.
According to a Wall Street Journal report cited by Warren and Kim, G42, which is backed by UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, purchased the stake in the crypto venture shortly before Donald Trump began his second term as US president in January 2025.
CFIUS, a multi-agency committee led by the Treasury Department, assesses foreign investments in US firms for potential national security risks. Its membership includes top officials from the Defense, State, Commerce, Homeland Security, and Justice departments.
The senators raised concerns that the deal could give foreign governments—including the UAE or China—access to sensitive personal data collected by World Liberty Financial. The company manages the USD1 stablecoin, which is pegged to the US dollar and backed by US Treasuries and cash.
Warren and Kim also cited longstanding US intelligence concerns over G42’s possible links to China’s military, though G42 denies any improper ties.
World Liberty Financial, founded before the 2024 US presidential election, lists Trump and businessman Steve Witkoff as co-founders emeritus. Trump’s aides say he no longer controls his business interests, which are now managed by outside ethics counsel.
The Treasury Department has not commented on the senators’ request.
