TechFlow News, February 14: According to Reuters, U.S. Senator Elizabeth Warren and Senator Andy Kim—both Democratic members of the Senate Banking Committee—sent a letter to Treasury Secretary Scott Bessent on Friday urging the Committee on Foreign Investment in the United States (CFIUS) to investigate G42, a UAE-based company, regarding its $500 million investment in Trump-family-backed cryptocurrency firm World Liberty Financial. As reported by The Wall Street Journal, G42—backed by Sheikh Tahnoon, UAE National Security Advisor—acquired a 49% stake in World Liberty Financial prior to Donald Trump’s inauguration; subsequently, the Trump administration approved the sale of advanced AI chips to the UAE. The two senators stated that this transaction raises national security concerns and could enable foreign governments to access sensitive personal information of U.S. citizens. World Liberty Financial is the issuer of the stablecoin USD1 and is managed by members of the Trump family.
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