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US President Donald Trump said he was not aware of the multi-million dollar Emirati investment held by a member of the Abu Dhabi royal family. Digital currency platform World Liberty Financial, which is disassociating itself from the alliance, has sparked new scrutiny of the president’s foreign influence and business relationships.
Key points:
“I don’t know anything about him.” Trump told reporters Monday when asked about the deal.
He added: “My kids run it – my family runs it. I think they get money from different people.”
These words came after a report published by the Wall Street Journal that Sheikh Tahnoun bin Zayed Al Nahyan, a senior member of the Emirati royal family, He agreed to buy a 49% stake in World Liberty Financial For $500 million a few days before Trump’s inauguration.
The newspaper reported on the company’s documents and people familiar with the matter.
According to the report, the money was made through the organization Aryam Investment 1, which is supported by Sheikh Tahnoun, with the first payment of $ 250 million.
Of the money, $187 million went to organizations connected to the Trump family, while another $31 million went to organizations connected to Trump’s founders. World Liberty Financial Zach Volkman and Chase Herro.
If the deal goes through as described, Aryam will become the largest shareholder in World Liberty Financial, an American startup… Digital currency It was founded by nine people, including Trump and his sons Donald Trump Jr., Eric and Barron.
The plan has raised questions among lawmakers and commentators about the governance and foreign investment transparency of the company, which has close ties to the president.
Sheikh Tahnoun maintains close ties to Washington and chairs Group 42, an artificial intelligence group based in Abu Dhabi.
In December, Group 42 received permission from the US Commerce Department to buy high-end chips from NVIDIA and Advanced Micro Devices, confirming its standing with US regulators.
The reported investment added to the political debate surrounding Trump’s ties to cryptocurrencies.
In January, Democratic Senator Elizabeth Warren asked federal banking regulators to suspend consideration of World Liberty Financial’s request for a bank charter until Trump waives the charge.
The finance ministry later rejected the request, saying that the request should be “scrutinized carefully” like any other request, and that political connections would not affect the process.
As stated, Bitcoin lost 25,000 million addresses In the year that Donald Trump returned to the White House, even US policy has shifted to pro-crypto.
Blockchain data shows that the number of addresses holding at least $1 million in BTC fell by about 16% year-on-year, showing that the authority’s hope has not been translated into continued on-chain economic growth.
The decline was the lowest among those with adults. The number of positions with more than $10 million has decreased since Bitcoin Around 12.5%, which shows that high-end traders can tolerate price fluctuations, while portfolios close to millions can be affected by market fluctuations.
The increase in the number of billions of Bitcoin addresses occurred before Trump took office, led by the summit in late 2024 fueled by election-related hopes and hopes for regulatory reform.
A note Trump says he was unaware of the $500 million Emirati investment in World Liberty Financial appeared for the first time Cryptonews Arabic.