The U.S. House of Representatives has launched an investigation into World Liberty Financial, a cryptocurrency project linked to President Trump, focusing on whether it involves foreign sovereign capital and potential national security and policy compliance issues. The investigation stems from a Wall Street Journal report that an Abu Dhabi-affiliated entity secretly agreed to acquire approximately 49% of World Liberty Financial for $500 million shortly before Trump's inauguration in early 2025. Representative Ro Khanna has sent a letter to the company requesting information on its shareholding structure, payment details, internal communications, and verification of the investment. The letter specifically requests World Liberty Financial to confirm whether $187 million flowed into entities related to the Trump family, and whether there were any additional payments made to associates of the company's co-founders. (CoinDesk)