Senator Elizabeth Warren of the United States strongly opposes World Liberty Financial (WLFI) applying for a national bank license, citing serious corruption risks and connections to former President Donald Trump. She specifically pointed out that an entity linked to the United Arab Emirates invested $500 million in WLFI, with reports indicating that nearly $187 million of that amount flowed to entities associated with the Trump family, raising concerns about national security and transparency. Warren has demanded that WLFI fully disclose all shareholders holding 10% or more of the shares. As a result of this scrutiny, WLFI token prices have dropped approximately 30%.
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Senator Elizabeth Warren of the United States strongly opposes World Liberty Financial (WLFI) applying for a national bank license, citing serious corruption risks and connections to former President Donald Trump. She specifically pointed out that an entity linked to the United Arab Emirates invested $500 million in WLFI, with reports indicating that nearly $187 million of that amount flowed to entities associated with the Trump family, raising concerns about national security and transparency. Warren has demanded that WLFI fully disclose all shareholders holding 10% or more of the shares. As a result of this scrutiny, WLFI token prices have dropped approximately 30%.