Political pressure is rising in the U.S. financial sector. Representative Gregory Meeks has asked Treasury Secretary Scott Bessent to pause the bank charter approval for WorldLibertyFinancial (WLFI) until a full investigation into its UAE connections is completed.
Why now?
According to NS3.AI, WLFI recently received a massive $500 million investment from the UAE royal family, raising concerns about foreign influence and transparency in the U.S. banking system.
This comes at a sensitive moment:
The U.S. has approved Nvidia AI chip sales to the UAE
Economic and tech ties between the two nations are growing fast
Regulators are under pressure to draw clearer lines
Despite the controversy, the OCC previously rejected calls for a special investigation, leaving WLFIโs charter status in limbo.
๐ Is this about national securityโฆ or politics catching up with global finance?
