Scan to download
BTC $63,178.16 +2.64%
ETH $1,679.73 +3.76%
BNB $606.11 +2.62%
XRP $1.17 +3.35%
SOL $66.98 +3.93%
TRX $0.3260 +0.09%
DOGE $0.0863 +3.15%
ADA $0.1692 +6.11%
BCH $209.72 -4.89%
LINK $8.02 +5.00%
HYPE $63.32 +8.44%
AAVE $63.77 +2.81%
SUI $0.7554 +2.89%
XLM $0.2018 +0.42%
ZEC $450.96 +9.18%
BTC $63,178.16 +2.64%
ETH $1,679.73 +3.76%
BNB $606.11 +2.62%
XRP $1.17 +3.35%
SOL $66.98 +3.93%
TRX $0.3260 +0.09%
DOGE $0.0863 +3.15%
ADA $0.1692 +6.11%
BCH $209.72 -4.89%
LINK $8.02 +5.00%
HYPE $63.32 +8.44%
AAVE $63.77 +2.81%
SUI $0.7554 +2.89%
XLM $0.2018 +0.42%
ZEC $450.96 +9.18%

-link

U.S. Senator Calls for Review of Trump-Linked Crypto Transactions Involving $500 Million Investment from UAE for National Security Risks

According to FinanceFeeds, two Democratic senators have written to Treasury Secretary Scott Bancenet, requesting an assessment of whether the UAE government's affiliated entity's $500 million investment in the cryptocurrency company World Liberty Financial should undergo a national security review by the Committee on Foreign Investment in the United States (CFIUS).The committee, led by the Treasury Department, is responsible for reviewing foreign investment transactions that may involve sensitive technologies or data. According to a previous report by The Wall Street Journal, G42, supported by Abu Dhabi royal family member Sheikh Tahnoon bin Zayed, acquired a 49% stake in World Liberty Financial through an entity named Aryam Investment 1. The report indicated that some of the funds flowed to the Trump family and its affiliates. The Trump camp denied any knowledge of this. Senators Elizabeth Warren and Angus King questioned in their letter whether the deal could allow a foreign government access to user data and mentioned G42's past collaborations with Chinese companies. They requested the Treasury Department to clarify by March 5 whether a review process has been initiated or if a recommendation has been made to the president.World Liberty Financial is the issuer of the stablecoin USD1, which has circulated over $5 billion since its launch in March 2025. The company lists Trump and his Middle East envoy Steve Witkoff as honorary co-founders. A company spokesperson previously stated that the two were not involved in the UAE-related transactions.

U.S. Senator calls for investigation into Trump family-linked cryptocurrency company World Liberty Financial

According to CNBC, U.S. Senators Elizabeth Warren and Jack Reed have written to the Department of Justice and the Department of the Treasury, requesting an investigation into the cryptocurrency company World Liberty Financial, which is closely associated with President Trump's family. The reason for the investigation is that the company is suspected of selling its $WLFI tokens to entities linked to illegal actors such as North Korea and Russia, raising concerns about national security.The senators cited a report from the nonprofit organization Accountable.US, which stated that WLF sold $WLFI tokens to "highly suspicious entities." These entities have been found on the blockchain to have transactional links with the sanctioned North Korean hacking group Lazarus Group, Russia's "ruble-backed sanctions evasion tools," Iranian cryptocurrency exchanges, and Tornado Cash.WLF's website shows that Eric Trump, Donald Trump Jr., and Barron Trump are co-founders, and the entity DT Marks DEFI LLC (associated with the president and his family members) holds a majority stake in WLF and is entitled to 75% of the proceeds from $WLFI token sales.The senators believe that selling governance tokens to these entities not only directly profits the Trump family but may also allow illegal actors to gain influence over WLF's governance, indicating that WLF "lacks strong sanctions and anti-money laundering controls," and warns that this "poses a significant risk of facilitating illegal financial activities."
app_icon
ChainCatcher Building the Web3 world with innovations.