Trump, Linked Crypto Company Draws $500M UAE Backing:💥💥🔥🔥🚀🚀
World Liberty Financial: A Trump, associated crypto startup has received $500 million from UAE, based investors who are linked to Sheikh Tahnoon bin Zayed Al Nahyan, a prominent member of the Abu Dhabi royal family and UAE national security adviser.
Conflict of Interest Concerns: The transaction has sparked doubts about the possible conflicts of interest since the Trump administration was chasing major bilateral priorities with Abu Dhabi.
Investment Details 49% Stake: The Emirati, backed entity bought a 49% stake in World Liberty Financial with $250 million paid in cash and the rest $250 million to be paid by July 15, 2025. Who Got It: $187 million of the money went to the Trump family entities, and not less than $31 million went to the entities related to Steve Witkoff, a World Liberty co, founder and US Special Envoy to the Middle East. Reactions White House Denial: The White House shrugged off the allegation of any connection between the crypto investment and the administration's actions on advanced chip exports to the UAE.
Democratic Criticism: Senator Elizabeth Warren described the disclosure as a matter of national security and consequently called for stricter oversight. Besides, she said, "This is corruption, plain and simple".