House probe targets WLFI after report of $500 Million UAE stake

Congressional investigators seek ownership records, payment trails and stablecoin documents from the Trump-linked crypto firm following reports of Emirati backing and its USD1 token’s role in a $2 Billion Binance transaction What to know : House investigators are probing World Liberty Financial, a Trump-linked crypto firm, over a reported secret $500 million deal giving an Abu Dhabi-connected entity a 49 percent stake shortly before Donald Trump’s 2025 inauguration. Rep. Ro Khanna has demanded detailed ownership, payment, and governance records, including whether $187 million went to Trump family entities and how an Emirati vehicle, Aryam Investment 1, was involved. The inquiry centers on World Liberty’s USD1 stablecoin and its role in a $2 billion Binance investment, as well as any company involvement in discussions preceding Trump’s later pardon of Binance founder Changpeng Zhao, with records due by March 1.