Trump says he knows nothing about UAE-linked investment in his crypto firm
Trump told reporters his sons run World Liberty Financial and defended the UAE partnership, saying every president faces conflicts of interest.
Key takeaways
- 1Trump denied knowledge of the UAE‑linked investment in World Liberty Financial
- 2World Liberty Financial’s WLFI token has fallen over 60% YTD and faces a $45 million lawsuit
Donald Trump said on Wednesday he knows nothing about a United Arab Emirates‑linked investment in the crypto firm he currently co‑owns.
He told reporters that his sons manage the day‑to‑day operations, that he has no personal control over the UAE‑linked capital, and that every president faces conflicts of interest, defending the partnership as routine.
World Liberty Financial, the firm referenced, issues the WLFI governance token and has been embroiled in a $45 million lawsuit filed by Justin Sun over undisclosed UAE ties. The company announced a token buyback programme after the WLFI token fell more than 60 percent year‑to‑date, planning to use fees from its USD‑stablecoin reserves for purchases. The WLFI token also slipped 11 percent on US election night, highlighting market sensitivity to political headlines.
Trump’s denial adds a political layer to the ongoing scrutiny of World Liberty Financial’s funding sources and may intensify regulatory attention as the lawsuit proceeds. Investors and observers will watch for any further statements from the firm or its owners, as well as developments in the UAE‑related financing and the token buyback execution. Regulators in the United States and the United Arab Emirates may seek additional disclosures, and the planned token buyback could come under compliance review.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.