The House of Representatives launches investigation into WLFI's secret $500 million deal with Abu Dhabi.

PANews reported on February 5 that the U.S. House of Representatives has launched an investigation into World Liberty Financial (WLFI), a cryptocurrency company linked to President Trump, focusing on a secret $500 million deal with an Abu Dhabi-based entity. The deal, completed shortly before Trump's 2025 inauguration, involves UAE entity Aryam Investment 1 acquiring a 49% stake in WLFI.

The investigation, led by Representative Ro Khanna, is demanding that WLFI provide ownership records, payment details, and internal communications documents, including whether $187 million flowed to Trump family entities and whether additional payments were made to associates of the company's co-founders.

In addition, the investigation also focused on WLFI's USD stablecoin USD1, which was used to settle MGX's $2 billion investment in Binance, and whether it was related to discussions surrounding Trump's later pardon of Binance founder Changpeng Zhao.

The committee has requested WLFI to preserve its electronic communications and internal compliance policies related to conflicts of interest, export controls, and transactions with entities in the UAE and China, and to submit relevant documents by March 1.

Earlier reports indicated that a US senator warned that the UAE's deal with WLFI "may involve criminal activity."