A U.S. House investigation is examining cryptocurrency firm World Liberty Financial (WLFI) following reports of a $500 million investment from an Abu Dhabi-linked entity just before President Trump’s 2017 inauguration. The scrutiny comes as the WLFI token faces severe bearish pressure in the market, breaking below a key trading range amid broader crypto declines.
A U.S. House investigation is probing World Liberty Financial after reports linked the Trump-associated cryptocurrency venture with foreign sovereign capital. An Abu Dhabi-linked entity secretly agreed to buy a 49% stake for $500 million shortly before President Trump’s inauguration.
California Rep. Ro Khanna launched the investigation into the investment and sent a letter to the company seeking documents on the relationship between the UAE, China, and the White House. President Donald Trump has denied any knowledge of the reported deal.
The WLFI token has faced intense selling pressure, breaking below a three-month price range. The company’s $50 million Bitcoin sale and a recent deposit of 235 million WLFI to Binance highlighted dominant seller activity during the market downturn.
A former demand zone between $0.10 and $0.115 has now flipped to a supply zone. This suggests any price bounce into that area could face another bearish reaction from traders in the short term.
