Trump-Linked Crypto Firm Gets $500 Million Boost From UAE: Report
A crypto startup linked to former US President Donald Trump, World Liberty Financial, received a $500 million investment from the UAE-backed Aryam Investment 1, which acquired a 49% stake. Approximately $187 million was paid upfront to entities connected to Trump and other founders. The deal, signed in January 2025, has drawn scrutiny from lawmakers and watchdog groups due to the investor's ties to powerful Abu Dhabi official Sheikh Tahnoon bin Zayed Al Nahyan. This has raised significant concerns about foreign influence, transparency, and potential circumvention of disclosure rules, especially as the firm has connections to a sitting US president. The investment has prompted calls for greater regulatory oversight and clearer public filings.
bitcoinist02/01 19:01