WLFI Under Investigation by the U.S. House of Representatives! Involved in $500 million UAE investment and linked to Trump, stablecoin USD1 becomes a focal point

The U.S. House of Representatives has officially launched an investigation into the cryptocurrency company World Liberty Financial (WLFI). The company has drawn heightened attention from Congress regarding national security, funding sources, and technological policy implications due to its close ties to Trump and alleged connections with foreign sovereign capital.

According to The Wall Street Journal, an entity linked to Abu Dhabi in the United Arab Emirates secretly agreed to acquire approximately 49% of WLFI for about $500 million shortly before Trump took office in early 2025. The news quickly sparked controversy in Washington.

Ro Khanna, a senior member of the House Special Committee on the Chinese Communist Party and representing Pennsylvania, has sent a formal letter to WLFI requesting full disclosure of the ownership structure, payment pathways, and internal communication records. The investigation focuses on potential conflicts of interest, whether national security risks related to U.S. export controls on AI chips are involved, and the role of WLFI’s USD1 stablecoin, which is pegged to the dollar, in a $2 billion cross-border investment.

The letter also seeks confirmation on whether approximately $187 million flowed to entities associated with the Trump family and whether additional payments were made to affiliated companies of the company’s co-founders. Meanwhile, Congress has demanded that WLFI submit details on the capital structure, profit distribution, board appointments, and due diligence materials related to Aryam Investment 1.

Another key focus is USD1 stablecoin. This token was used to settle a $2 billion investment involving a major crypto platform. Lawmakers are investigating why USD1 was chosen, how the profits from related transactions are distributed, and whether company personnel participated in discussions involving the pardon of the platform’s founder.

The committee also instructed WLFI to preserve all electronic communications and internal compliance documents related to conflicts of interest, export controls, and dealings with entities connected to the UAE or China. WLFI is required to submit all materials by March 1.

As the investigation deepens, this event could have far-reaching impacts on U.S. crypto regulation, stablecoin compliance, and the relationship between politics and digital assets.