Source: ABC News
“President Donald Trump’s cryptocurrency firm, World Liberty Financial, sold a $500 million stake to a member of the Emirati royal family shortly before his inauguration last January, The Wall Street Journal reported on Saturday, sparking concerns over a potential conflict of interest. According to the Journal, which reviewed undisclosed corporate documents, a firm associated with Sheikh Tahnoon bin Zayed Al Nahyan, an Abu Dhabi royal who operates an enormous state investment fund, purchased a 49% stake in World Liberty, which is co-owned by Middle East envoy Steve Witkoff and his family, just four days before the Trump administration swept into office. Months later, the Trump administration agreed to supply the UAE with highly coveted American-made AI chips despite the prior administration’s concern that they may fall into the hands of the Chinese.” (02/02/26)