Senator Warren Calls on Bessent to Review $500M WLFI Deal Over Security Risks

Two U.S. Senators have urged Treasury Secretary Scott Bessent to launch a national security review into a $500 million foreign investment in World Liberty Financial (WLFI).

According to the Senators, the transaction made the overseas capital structure the WLFI’s largest shareholder and only known outside investor. The letter details that the information stemmed from a Wall Street Journal (WSJ) report. The deal allegedly directed $187 million directly to Trump family entities, including DT Marks DEFI LLC and DT Marks SC LLC.

The primary concern raised by Warren and Kim involves the Committee on Foreign Investment in the United States (CFIUS), which Bessent chairs. The senators are questioning whether the deal gives the offshore entities—or potentially China—access to the sensitive personal data of U.S. citizens.

First, the lawmakers want to know whether the 49% acquisition qualifies as a “covered transaction” requiring a formal security review. They also demand to know if the deal utilized a new “fast-track pilot program” for foreign investors. The senators also want assurances that any investigation will be conducted “without regard to political favoritism.”

The White House and the Treasury Department have not yet issued a formal response to the letter. However, a White House counsel spokesperson previously stated that the President has “no involvement in business deals that would implicate his constitutional responsibilities.”