Trump Says He Knows Nothing About UAE-Linked Investment in Crypto Firm
Politics · First reported 9 Nov, 10:33 · Updated 10:37
In a post-midterms interview, Donald Trump said he knew nothing about World Liberty Financial’s UAE-linked investment and said his sons run the business. The company’s disclosures describe financial interests held by Trump-affiliated entities, while the UAE-linked deal has prompted scrutiny.
- Trump said he knew nothing about World Liberty Financial and said his sons run the family business.
- An entity backed by the UAE agreed to buy a 49% stake in the firm for $500 million four days before Trump’s January 2025 inauguration.
- Company disclosures say a Trump-affiliated entity owns about 38% of the holding company and is entitled to 75% of net proceeds from WLFI token sales.
Summary written by Lux AI from 2 articles
Key facts
- UAE-backed stake agreement
- 49% for $500 million
- Timing of agreement
- Four days before Trump’s January 2025 inauguration
- Trump-affiliated entity’s holding
- About 38% of the holding company
- Share of WLFI token-sale proceeds
- 75% of net proceeds, according to company disclosures
Source spectrum
Far left
Left
Lean left
Centre
Lean right
Right
Far right
Left 0 · Centre 2 · Right 0 of 2 rated sources
Images from the coverage
All coverage
Coverage over time
LeftCentreRight
Articles per hour since first reported, by side.
Ownership
- Unknown 50% (1)
- Corporation 50% (1)
Share of the 2 sources by owner type.