Lawmakers Warn of Data Risks in UAE-Backed Crypto Investment

[cryptobro]

Senators Elizabeth Warren and Andy Kim argue that a foreign stake in World Liberty Financial could expose sensitive US financial and personal data.

According to their letter, the deal — allegedly backed by Sheikh Tahnoon bin Zayed Al Nahyan — could grant foreign-linked executives board seats and potential access to user data such as wallet addresses, IP addresses, and identity records.

The company is also reportedly connected to executives from G42, which has previously faced US scrutiny over alleged China ties.

CFIUS, which reviews foreign investments for national security risks, has been asked to determine whether the transaction warrants investigation.

[madtrader]

senators calling for “comprehensive, unbiased investigation” sounds like classic political theater