U.S. Senators Elizabeth Warren and Andy Kim have called on the Department of the Treasury to investigate foreign investments in the cryptocurrency project World Liberty Financial (WLFI), citing concerns over national security risks and sensitive data.
According to a letter sent to the Treasury Secretary, a UAE-backed fund purchased 49% of WLFI shares for approximately $500 million, just before Donald Trump’s inauguration. This deal could make the foreign fund the largest shareholder of the company.
The investment is believed to be linked to Sheikh Tahnoon bin Zayed Al Nahyan and the technology company G42. Senators warn that the transaction structure could allow foreign governments to access Americans’ financial and personal data.
CFIUS is currently being asked to review and respond by March 5.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Plume's Chief Legal Officer testifies before the U.S. House Committee, calling for tokenized securities to be integrated into the existing regulatory framework.
Legal advisor of Plume Network, Salman Banaei, called on the U.S. House Financial Services Committee to incorporate tokenized securities into the existing regulatory framework, advocating for amendments to current regulations. He emphasized that new technologies should enhance market transparency under existing regulations and warned that the U.S. risks falling behind in the global digital transformation of capital markets due to policy uncertainty.
GateNews4m ago
The Ministry of Foreign Affairs responds to "China bans two Manus executives from leaving the country": Suggests inquiring with the relevant authorities.
Gate News Report, March 26 — Foreign Ministry Spokesperson Lin Jian held a routine press conference. A reporter from Agence France-Presse asked whether the spokesperson could confirm and provide more details about a report by The Financial Times of the UK, stating that China has banned two executives of the artificial intelligence company Manus from leaving the country. Lin Jian responded, "I am not aware of the situation you mentioned. I suggest inquiring with the relevant Chinese authorities."
GateNews21m ago
U.S. Congress members ban staff from trading on Polymarket and Kalshi; the PREDICT bill proposes simultaneous restrictions on government officials.
U.S. Democratic Congressman Seth Moulton of Massachusetts announced a ban on all office staff participating in prediction market trading starting March 25, to prevent the exploitation of non-public information for arbitrage. He criticized prediction markets as a playground for corrupt insiders and called for the passage of the PREDICT Act to strengthen restrictions on Congress and senior officials. Recent legislative efforts have intensified, and market platforms are also enhancing insider trading monitoring.
ChainNewsAbmedia23m ago
UK pushes ahead with temporary ban on political crypto donations
The UK government is advancing plans for a moratorium on political donations made through cryptocurrencies, following an independent review and pressure from multiple high-ranking politicians.
Cointelegraph reported on Wednesday that the Rycroft Review, an independent inquiry into foreign
Cointelegraph57m ago
The UK plans to urgently halt cryptocurrency political donations, with increased regulation directly targeting transparency of funding sources.
The UK government plans to suspend cryptocurrency political donations starting in 2026 to address the risk of foreign funding interference. This measure is based on recommendations from the "Rycroft Review" and aims to prevent anonymous funds from influencing politics, requiring parliamentary approval. The policy may impact compliant crypto asset applications but is expected to enhance market credibility in the long term.
GateNews1h ago
U.S. lawmakers introduce bill to ban members of Congress, the President, and high-ranking officials from participating in prediction market betting
BlockBeats News, March 26 — According to Cointelegraph, U.S. lawmakers recently proposed a bill aimed at banning members of Congress, the President, and other senior government officials from participating in prediction market competitions.
The proposal, jointly sponsored by U.S. Representatives Adrian Smith and Nikki Budzinski, was introduced on Tuesday and is called the "Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act" (PREDICT Act).
BlockBeatNews1h ago
