President Trump says he was unaware of $500 million UAE investment in World Liberty Financial

President Donald Trump stated he was unaware of a $500 million investment by an Abu Dhabi-backed entity into World Liberty Financial, a DeFi project linked to his family. He told reporters that his sons manage such decisions, citing his focus on international issues like Iran and Ukraine. The investment, detailed by the Wall Street Journal, involved a secret 49% stake acquired by an investment vehicle backed by Sheikh Tahnoon bin Zayed Al Nahyan just before Trump's inauguration, with $250 million paid upfront, $187 million going to Trump family entities. This investment has complicated bipartisan negotiations over digital asset market structure legislation, with Democrats expected to push for stricter conflict-of-interest rules barring officials and their families from controlling crypto entities. Senator Chris Murphy called the transaction "brazen, open corruption," while a prior staff report alleged the Trump family built a large crypto empire fueled by foreign interests.

(Source：The Block)