The WLFI token experienced an 8% decline following calls from U.S. Senators for an investigation into the United Arab Emirates' investment in World Liberty. Senators Elizabeth Warren and Andy Kim have urged the Committee on Foreign Investment in the U.S. (CFIUS) to review the potential national security risks associated with the UAE's 49% stake in the company. Concerns have been raised about the access to sensitive data by foreign investors, particularly from the UAE and China.
The senators' request for a CFIUS review highlights fears that the UAE or China could access personal data collected by World Liberty, especially given the company's partnership with G42, which has alleged ties to Chinese firms like Huawei. Despite these regulatory challenges, World Liberty is expanding into the forex market with its upcoming "World Swap" platform, as announced by co-founder Zak Folkmann.
WLFI Token Falls 8% as U.S. Senators Seek UAE Investment Probe
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
