Rep. Ro Khanna and the House Select Committee on the Chinese Communist Party opened an inquiry into World Liberty Financial after reports that Abu Dhabi-linked Aryam Investment 1 agreed to buy a 49% stake for $500 million. The committee demanded ownership records, payment trails (including whether $187 million flowed to Trump-family entities), capitalization tables, board appointment records, due diligence materials, internal communications and compliance policies. Lawmakers focused on World Liberty’s USD1 stablecoin — used to settle MGX’s $2 billion investment in Binance — and requested documentation on the stablecoin’s selection, transaction revenue and any company involvement in discussions about a later presidential pardon for Binance founder Changpeng Zhao. The panel cited potential conflicts of interest and national-security risks tied to AI chip export controls and ordered preservation of relevant electronic communications; records are due by March 1.

The story reports a formal House committee inquiry with document demands into World Liberty after a reported Abu Dhabi-linked $500M purchase and highlights scrutiny of the USD1 stablecoin used to settle a $2B Binance investment, possible $187M payments to Trump-family entities, and potential conflicts of interest and national-security risks. These are concrete, agency-driven actions with a March 1 records deadline.