Trump Denies Knowledge of $500M Abu Dhabi Deal for WLFI
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 3h ago- Transaction Background: Trump denied knowledge of the $500 million investment from Abu Dhabi's Aryam Investment 1 in his family-linked cryptocurrency platform World Liberty Financial (WLFI), asserting that the project is managed by his sons and that he is not involved in operational or financial decisions.
- Investment Details: According to The Wall Street Journal, the investment agreement was signed on January 16, 2025, granting the Abu Dhabi firm a 49% equity stake in WLFI, with approximately $187 million allocated to Trump family-controlled entities just days before Trump's second inauguration.
- Ethical Controversy: U.S. lawmakers expressed concerns over the timing of the deal, suggesting potential conflicts of interest, especially after the UAE received approval to purchase advanced Nvidia AI chips, raising questions about whether financial ties influenced foreign policy decisions.
- White House Response: A White House spokesman dismissed allegations of improper influence, emphasizing that Trump does not engage in family business management and that existing ethics frameworks remain in place to ensure decisions are made in the interests of the American people.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
