Treasury asked to probe $500M UAE investment in World Liberty Financial

Senators Elizabeth Warren and Andy Kim have asked the Treasury Department to investigate a $500 million United Arab Emirates–backed investment in World Liberty Financial, citing national security and data-privacy concerns. They set a March 5 deadline for the Treasury to determine whether the Committee on Foreign Investment in the United States will review the transaction.

The purchase transferred a 49% equity stake to a UAE-backed vehicle just 96 hours before President Donald Trump took the oath of office. Two executives from G42 joined World Liberty Financial's five-member board, and the senators say Sheikh Tahnoon bin Zayed Al Nahyan reportedly steered the investment.

Warren and Kim warned that G42 has been scrutinized by U.S. intelligence over allegations it supplied surveillance technology to the Chinese military. They also noted the deal closed quickly, which 'granted swift paydays to entities affiliated with the Trumps'.

United States

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