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Trump Says He Was Unaware Of Abu Dhabi Royal’s $500 Million WLFI Investment

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Reports say a rich Abu Dhabi investor purchased a near-half stake in a crypto firm tied to the Trump household. The transaction, reported to be price about $500 million, concerned an entity linked to Sheikh Tahnoon bin Zayed Al Nahyan. It has prompted questions in Washington and stirred exercise within the markets the place the corporate’s token trades.

Sheikh A Reported Buyer

According to reporting by main retailers, Aryam Investment 1 — an investor related to Sheikh Tahnoon — agreed to buy roughly 49% of World Liberty Financial, often called WLFI.

The cost was structured in phases, with about $250 million reported as an preliminary switch. Reports word roughly $187 million moved to entities related to the Trump household, whereas one other $31 million reportedly went to firms tied to cofounders.

Timing And Deal Details

The timing of the sale issues. It was accomplished shortly earlier than an vital political milestone for the client’s companion, and that has sharpened scrutiny.

Some lawmakers and ethics consultants raised alarms a couple of high-value foreign-backed funding in a enterprise tied to a sitting US President.

Others level out that personal enterprise dealings are widespread and that the authorized thresholds for disclosure will be advanced. Market individuals reacted rapidly; buying and selling in WLFI-linked property noticed spikes in quantity and value swings as information unfold.

Trump Responds

When journalists pressed him concerning the report, US President Donald Trump denied having information of the transaction. “I don’t find out about it,” he stated, including that his sons run many household enterprise issues.

The comment was transient however clear: he insisted the household manages WLFI and that he was not personally concerned in negotiating the sale. Some aides later reiterated that any operational choices have been dealt with by firm executives and relations.

Reactions From Lawmakers And Regulators

Reports say lawmakers from each events need solutions. A handful of senators have requested for briefings and paperwork, and some regulators have been requested to take a look at whether or not any disclosure guidelines have been adopted.

At the identical time, authorized consultants warning that an funding by a foreign-backed agency will not be mechanically unlawful or disqualifying. What issues, they are saying, are the precise phrases, who signed which papers, and whether or not any statutory reporting obligations have been met.

Featured picture from Brendan Smialowski/AFP through Getty Images, chart from TradingView

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