On Day 3, Ranking Member Waters and Committee Democrats are outlining how Trump’s World Liberty Financial Grift is a dangerous backdoor for selling influence over American policies to the highest foreign bidder. If you thought the private jet Trump accepted from the UAE was egregious and beyond the pale, keep reading. It gets even worse.

World Liberty Financial has received a significant portion of its funding from overseas, which has brought about serious ethical and national security concerns.

• Abu Dhabi used WLF’s stablecoin, USD1, to buy $2 billion worth of Binance shares: This was one of the biggest deals using USD1, and shows how foreign players are using Trump’s crypto likely to curry favor from the White House.
  
  
• Prominent investors from Hong Kong, UAE, and Israel: These countries accounted for a large share of the over $550 million raised by World Liberty. Investors include individuals and firms with substantial political and economic influence in their home countries, some of whom are under active investigation by U.S. agencies.
  
  
• Israeli Crypto Firm: The Israeli firm, under previous scrutiny for money laundering and unlicensed securities activity, now benefits from a host of deregulatory actions Trump has taken.
  
  
• Dubai-Based Group: A key investor from the UAE is currently under investigation by federal prosecutors for allegedly helping sanctioned oligarchs move funds. Despite this, the group secured a private investment in World Liberty Financial in early 2025, indicating a clear avenue for influence of goodwill building with the Trump Administration.

What’s clear is that foreign investment is not just a business deal, it’s a direct payment to the sitting U.S. president with the goal of currying favor and influence within the White House.

For more, read the full NYT story HERE.

To stop Trump from selling influence to foreign countries, Members of Congress must vote “NO” on the so-called “CLARITY” and “GENIUS” Acts which give Trump a greenlight to continue this scam. Congress should also pass Ranking Member Waters’ “Stop TRUMP in Crypto Act of 2025.”

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