Techub News reports that Democratic Senators Elizabeth Warren and Andy Kim of the U.S. Senate Banking Committee have written to Treasury Secretary Scott Bessent, requesting an review of the transaction in which a UAE entity acquired a 49% stake in Trump family’s crypto company, World Liberty Financial. The UAE’s national security advisor’s company purchased the stake for $500 million. The two senators are asking Bessent, who is responsible for CFIUS, to determine whether the transaction requires review, and if so, to conduct a full investigation and respond to related questions by March 5, including whether CFIUS has already reviewed or submitted recommendations to President Trump. The senators pointed out that the transaction raises national security concerns, involving the potential acquisition of sensitive personal information collected by World Liberty Financial by the UAE.
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