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Donald Trump Distances Himself From Abu Dhabi Royal’s $500 Million Crypto Deal

Key Takeaways

  • Donald ​Trump said he has no knowledge of the $500 million deal between an Abu Dhabi royal and WLFI;
  • The purchase happened four days before Trump’s inauguration and involved family-linked firms;
  • Aryam Investment became WLFI’s largest shareholder, which raised concerns about foreign control.

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Donald Trump Distances Himself From Abu Dhabi Royal’s $500 Million Crypto Deal

US President Donald Trump said he was unaware of a large investment tied to a member of the Abu Dhabi royal family and the World Liberty Financial project, as reported by Bloomberg.

When questioned about the issue, he replied, “I don’t know about it".

He went on to say that his family manages those matters, and added, “My sons are handling that. I guess they get investments from different people".

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Sheikh Tahnoon bin Zayed Al Nahyan bought nearly half of WLFI’s shares, about 49%, for roughly $500 million. The transaction happened four days before President Trump’s inauguration.

The funding came from Aryam Investment 1, which is backed by Sheikh Tahnoon. Its first payment was said to total $250 million, with $187 million directed toward businesses linked to the Trump family.

Another $31 million was sent to a firm connected with two WLFI co-founders, Zak Folkman and Chase Herro.

The deal would make Aryam the largest shareholder in the crypto company. That raised concern among observers about possible foreign influence over a US-based digital asset platform with personal ties to the president.

WLFI was founded by nine people, including President Trump and his sons Donald Trump Jr., Eric Trump, and Barron Trump.

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Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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