Senate Democrats seek CFIUS probe of reported UAE stake in Trump family's crypto company
Source: Reuters
February 13, 2026 6:05 PM EST Updated 10 hours ago
WASHINGTON, Feb 13 (Reuters) - Two Democratic members of the U.S. Senate Banking Committee on Friday asked Treasury Secretary Scott Bessent to examine the potential national security implications of a reported purchase of a $500 million stake in the Trump family’s cryptocurrency venture by the United Arab Emirates' national security adviser.
Senators Elizabeth Warren and Andy Kim asked Bessent, who heads the Committee on Foreign Investment in the United States, to determine whether a CFIUS review is required of the 49% UAE stake in World Liberty Financial and, if so, to conduct a comprehensive, thorough and unbiased investigation.
In a letter viewed by Reuters, they asked Bessent to respond to several questions about the transaction by March 5, including whether CFIUS had reviewed the deal in any form, or submitted any recommendations to Republican President Donald Trump about it. The Treasury had no immediate comment on the letter.
"The transaction raises significant national security concerns," the senators said in the letter.
Read more: https://www.reuters.com/legal/government/senate-democrats-seek-cfius-probe-reported-uae-stake-trump-familys-crypto-2026-02-13/
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