Trump-Linked Crypto Company Draws $500M UAE Backing, Raising Conflict Issues
A Trump-linked crypto enterprise has pulled in $500M from traders tied to the United Arab Emirates, setting off a brand new spherical of battle of curiosity questions as President Donald Trump manages ties with Abu Dhabi.
The firm, World Liberty Financial, confirmed the deal on Saturday by its spokesman, after the Wall Street Journal detailed how an Emirati-backed automobile took a 49% stake within the enterprise.
The settlement was signed by Eric Trump simply days earlier than Trump’s Jan. 2025 inauguration, in line with The Journal, and it made the Trump household enterprise companions with UAE-linked capital on the identical time the administration pursued main bilateral priorities.
Abu Dhabi Royal’s Inner Circle Joins Trump-Linked Crypto Venture
The new investor group is linked to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE nationwide safety adviser and a strong Abu Dhabi royal whose community spans know-how, finance and nationwide safety.
Two senior figures linked to his orbit joined World Liberty’s board, including to the scrutiny round governance and affect.
When requested in regards to the phrases and timing, World Liberty spokesman David Wachsman reportedly mentioned, “We made the deal in query as a result of we strongly imagine that it was what was greatest for our firm as we proceed to develop.”
Attention has sharpened as a result of the crypto tie-up sits alongside wider UAE ambitions in synthetic intelligence and entry to superior US chips.
White House Denies Any Link Between Chips And Crypto Investment
Reporting has linked the timelines of the enterprise relationship and the administration’s chip discussions, at the same time as protection has mentioned it discovered no proof of an express commerce of chips for crypto funding.
World Liberty and the White House have denied any linkage. Wachsman mentioned that “any declare that this deal had something to do with the administration’s actions on chips is 100% false.”
The White House counsel, David Warrington, additionally rejected the battle framing, saying, “The president has no involvement in enterprise offers that might implicate his constitutional tasks,” and including that Trump performs his duties “in an ethically sound method.”
Even so, the corporate’s UAE connections have expanded past the fairness stake. At a Dubai convention in May 2025, a co-founder mentioned Abu Dhabi-backed MGX used World Liberty’s dollar-pegged stablecoin for a $2B funding in Binance, a transfer that tied the enterprise extra intently to main Gulf-backed crypto capital flows.
Trump’s monetary disclosures have additionally saved the undertaking within the political highlight, with reporting describing it as a significant income stream tied to a Trump-controlled entity, alongside preparations that share income with different companions linked to the administration’s Middle East orbit.
Democrats have seized on the overlap. Senator Elizabeth Warren referred to as the revelations a nationwide safety concern and urged harder oversight, saying, “This is corruption, plain and easy,” and including, “Congress must develop a backbone and put a cease to Trump’s crypto corruption.”
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