Overview
- Rep. Ro Khanna sent World Liberty Financial a preservation notice and set a March 1 deadline to produce ownership records, payment trails and internal communications.
- Requests cover capitalization tables, board and appointment records, due‑diligence on Aryam Investment 1 and documentation of any profit distributions.
- The inquiry spotlights WLFI’s USD1 stablecoin, reportedly used to settle MGX’s $2 billion Binance investment, and asks about revenue and any staff role in discussions around the later pardon of Binance founder Changpeng Zhao.
- The Wall Street Journal reported that a vehicle tied to Sheikh Tahnoon agreed to buy roughly 49% of WLFI for about $500 million, with an initial $250 million tranche and Eric Trump said to have signed the agreement.
- Reporting says about $187 million flowed to Trump‑family entities and $31 million to co‑founder affiliates; President Trump denied knowledge and WLFI has not confirmed or denied the investment as lawmakers question national‑security implications tied to UAE AI‑chip access and Tahnoon’s G42 links.