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House probe targets WLFI after report of $500
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House probe targets WLFI after report of $500
House probe targets WLFI after report of $500 Million UAE stake
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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
By Sam Reynolds|Edited by Omkar Godbole
Feb 5, 2026, 5:05 a.m.
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Zak Folkman, co-founder of Trump crypto project World Liberty, and Eric Trump speak at Consensus 2025 in Toronto (CoinDesk)
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.
A U.S. House investigation is probing whether World Liberty Financial, a Trump-associated crypto venture, and its dollar-pegged token became entangled with foreign sovereign capital and U.S. technology policy.
The move follows a Wall Street Journal report that an Abu Dhabi-linked entity secretly agreed to buy a 49% stake in World Liberty Financial for $500 Million shortly before President Donald Trump’s inauguration in early 2025.
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Rep. Ro Khanna (D-Penn), ranking member of the House Select Committee on the Chinese Communist Party – a temporary U.S. House panel that investigates and studies how China affects U.S. interests – has sent a formal letter demanding ownership records, payment details and internal communications from the company, framing the inquiry around potential conflicts of interest, national-security risks tied to AI chip export controls and the role of World Liberty’s USD1 stablecoin in a separate $2 Billion Binance investment.
Khanna’s letter asks World Liberty to confirm details of the reported Emirati investment, including whether $187 million flowed to Trump family entities and whether additional payments were made to affiliates of the company's co-founders.
The House investigation also requested capitalization tables, profit distributions, board appointment records, and due diligence materials tied to Aryam Investment 1, the vehicle identified in press reports.
A significant portion of the inquiry focuses on USD1, World Liberty’s dollar-pegged stablecoin, which was used to settle MGX’s $2 billion investment in the crypto exchange Binance.
Khanna and lawmakers are seeking documentation on how USD1 was selected, the revenue generated by the transaction, and whether company personnel were involved in discussions regarding the later presidential pardon of Binance founder Changpeng Zhao.
The House committee also instructs the company to preserve electronic communications and internal compliance policies related to conflicts of interest, export controls, and dealings with entities tied to the United Arab Emirates or China.
World Liberty has until March 1 to deliver the requested records.
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