Donald Trump Says He Knows Nothing About World Liberty’s UAE Ties

US President Donald Trump has defended his continued possession of World Liberty Financial after questions in regards to the cryptocurrency firm’s overseas buyers and reported monetary ties to the United Arab Emirates raised contemporary considerations about potential conflicts of curiosity. 

Trump mentioned he knew nothing in regards to the firm’s dealings and maintained that his sons have been accountable for operating the enterprise, regardless of his monetary curiosity within the enterprise.

Trump says his sons ought to run their crypto enterprise regardless of presidency

In an interview with CBS Information correspondent Ross Douthat, which aired on Sunday, November 8, Trump was questioned about overseas investments in his cryptocurrency enterprise. 

Douthat requested why such investments shouldn’t elevate the identical corruption considerations Trump may need raised if former President Joe Biden had maintained related enterprise pursuits.

“As a result of I do know nothing about it,” Trump replied, defending his place that his sons handle World Liberty Monetary independently of his presidential duties.

Douthat additionally questioned why Trump had not offered his stake within the firm whereas permitting his sons to proceed operating the enterprise. 

Trump pointed to how his private wealth was managed, saying a lot of his cash was held by main Wall Street investment firms and invested in index funds.

He argued that his sons ought to be free to pursue their enterprise pursuits throughout his presidency, saying it will be tough to ask them to droop their actions for 4 years as a result of he had taken workplace.

Douthat then requested whether or not overseas buyers may view investments in an organization partly owned by the president as a manner to purchase political affect. 

Trump replied, “I do not know,” including that potential conflicts involving folks near a president weren’t distinctive to his administration.

inside World Liberty’s $500 million UAE funding deal

World Liberty Monetary launched in September 2024, with Donald Trump named its chief crypto advocate. 

His sons, Donald Trump Jr. and Eric Trump, turned Web3 ambassadors, whereas Barron Trump was listed as chief DeFi visionary.

Trump has mentioned his sons handle the enterprise. Nevertheless, firm disclosures indicate that his household retains a considerable monetary curiosity. 

DT Marks DEFI LLC, a family-affiliated entity, reportedly owns about 38% of World Liberty’s holding firm. It additionally holds 22.5 billion WLFI tokens and is entitled to 75% of internet proceeds from token gross sales.

The corporate’s overseas investments have drawn scrutiny as an funding automobile linked to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s nationwide safety adviser, reportedly agreed to acquire a 49% stake in World Liberty for $500 million. 

Eric Trump signed the settlement 4 days earlier than his father’s inauguration in January 2025. The deal raised considerations about overseas affect over an organization partly owned by the US president.

The UAE hyperlinks prolong to World Liberty’s proposed financial institution. Reviews in August said Sheikh Tahnoon and different buyers held a 49% stake in WLTC Holdings, the corporate behind the proposed belief financial institution. 

Notably, a Trump family-affiliated entity reportedly held one other 38%.

The Workplace of the Comptroller of the Foreign money granted the bank preliminary conditional approval in August 2026. 

It might permit the financial institution to situation and redeem USD1, handle its reserves and supply institutional custody providers, topic to additional regulatory necessities. 

USD1 was utilized in Abu Dhabi-backed MGX’s $2 billion funding in Binance.

Democrats put together to analyze Trump’s crypto dealings after midterm victory

World Liberty is dealing with a authorized dispute with Tron founder Justin Solar, who says he invested $45 million in WLFI tokens. 

Solar has asked a federal court docket to sanction the corporate, alleging it delayed disclosing UAE-linked entities in its possession construction. 

The dispute adopted Solar’s accusation that World Liberty froze his tokens. The corporate rejected his claims, calling the lawsuit a “meritless PR stunt”.

Democrats are making ready to analyze World Liberty Monetary following their victory within the November midterm elections, elevating questions in regards to the Trump household’s cryptocurrency dealings and potential conflicts of curiosity.

Consultant Robert Garcia, expected to steer the Home Oversight Committee, has recognized the household’s companies and crypto transactions as potential topics of investigation. 

The trade comes amid rising scrutiny of World Liberty Monetary’s possession construction and its reported connections to buyers linked to the UAE authorities.