Report Exposes Massive Foreign Investment in Trump Crypto Firm
A recent exposé has unveiled substantial foreign investment in a cryptocurrency firm affiliated with former President Donald Trump. This revelation comes from a report by the Wall Street Journal detailing a $500 million investment secured by a member of the Abu Dhabi royal family.
Investment Details
The backing for this significant investment can be traced to Sheikh Tahnoon bin Zayed Al Nahyan, a key figure in the Abu Dhabi royal family. In early 2025, his advisers negotiated to acquire a 49% stake in World Liberty Financial. This startup is co-founded by members of the Trump family and Steve Witkoff’s family, who serves as Trump’s Middle East envoy.
Funding Agreements
- The deal stipulates an upfront payment of $250 million.
- Approximately $187 million will be allocated to Trump family entities.
- At least $31 million is designated for the Witkoff family’s affiliate entities.
White House Connections
Shortly after finalizing the investment, Sheikh Tahnoon met with President Trump and Witkoff in the White House. During this meeting, he expressed interest in collaborating on artificial intelligence technologies.
AI Technology Access
Just two months post-investment, the Trump administration granted the UAE access to advanced AI chip technology, allowing access to 500,000 units annually. This maneuver positioned the UAE to establish one of the largest AI data centers globally.
Concerns and Criticism
This expansive foreign investment has raised intense scrutiny and alarm among political observers. Critics have labeled the situation as a potential bribery scheme, citing the timing and nature of the investments.
- Melanie D’Arrigo criticized the deal, describing it as a bribe and expressing concern over the implications of such a transaction.
- Jesse Eisinger referred to the investment as one of the greatest scandals in U.S. history.
- David Axelrod termed the implications of this investment scandal as unprecedented.
Future Implications
Former Congressman Tom Malinowski cautioned that should a future administration deem these financial arrangements corrupt, serious repercussions could arise. Possible sanctions under the Global Magnitsky Act could see assets frozen and restrictions placed on those involved.
The scale of this foreign investment not only raises ethical questions but also poses threats to national security. The intertwining of business and governmental influences highlights a troubling precedent in U.S. politics.
