UAE firm bought 49% of Trump-linked crypto startup for $500M: WSJ
A UAE-backed investment vehicle quietly agreed to buy nearly half of World Liberty Financial, a cryptocurrency startup linked to President Donald Trump, just days before he returned to the White House, according to a report by The Wall Street Journal.
The controversy is heightened by WLFI’s ownership structure, which gives Trump family-linked entities control over the majority of token revenue. Lawmakers argue this creates a direct conflict of interest, as most proceeds from token sales flow to the president’s family.
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