Key Takeaways
- House Democrats have launched a formal investigation into a $500 million UAE-linked investment in WLFI.
- The deal was signed just days before Donald Trump’s second inauguration and routed millions to Trump-affiliated entities.
- The probe has added fresh volatility to crypto markets, weighing on Bitcoin and politically linked tokens.
A $500 million crypto deal signed days before Donald Trump’s return to the White House is now under congressional scrutiny.
House Democrats have launched a formal investigation into World Liberty Financial (WLFI), a cryptocurrency project tied to the Trump family, following revelations that a UAE-linked entity quietly acquired a major stake in the firm just days before Trump’s second inauguration.
Lawmakers say the timing, structure, and beneficiaries of the transaction raise serious concerns about conflicts of interest and foreign influence.
The probe, initiated on Feb. 4 by Rep. Ro Khanna , ranking member of the House Select Committee, follows a Wall Street Journal report that detailed the previously undisclosed deal and its ties to senior figures in the United Arab Emirates.
