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The U.S. House of Representatives launches an investigation into the $500 million WLFI transaction related to a certain UAE royal member
ChainCatcher reports that, according to The Block, a senior U.S. House Democrat has launched an investigation into Donald Trump-related crypto project World Liberty Financial (WLFI), following reports that the project received a $500 million investment from an entity associated with a member of the UAE royal family.
U.S. House member Ro Khanna has written to WLFI co-founder Zach Witkoff requesting detailed information and relevant documents. The letter cites an earlier report by The Wall Street Journal, stating that Aryam Investment 1 (controlled by UAE National Security Advisor and President’s brother Sheikh Tahnoon bin Zayed Al Nahyan) acquired a 49% stake in WLFI.