"Days before Donald Trump returned to office in January 2025, an investment firm controlled by a senior member of the United Arab Emirates royal family secretly signed a deal to pay $500m to buy almost half of a cryptocurrency startup founded by the Trump family. Under any other president, such an arrangement, which was revealed this past weekend by the Wall Street Journal, would cause a political earthquake in Washington. There would be demands for an investigation by Congress, televised hearings and months of damage control."
"The deal to acquire a 49% stake in World Liberty Financial, the crypto company founded by the Trump family and several allies in the fall of 2024 during Trump's presidential campaign, was backed by Sheikh Tahnoon bin Zayed Al Nahyan, one of the most powerful officials in the UAE. Known as the spy sheikh, Tahnoon is the brother of the UAE's president and serves as national security adviser."
Days before the January 2025 inauguration, a UAE royal-family–controlled investment firm agreed to pay $500 million for a 49% stake in World Liberty Financial, a cryptocurrency company founded by the Trump family and allies in fall 2024. The transaction was backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE national security adviser and brother of the UAE president, who chairs major Abu Dhabi sovereign wealth funds and the AI firm G42. The deal directly enriched the president and his family. Comparable arrangements normally prompt congressional investigations and televised hearings. The transaction received little sustained public attention amid a crowded news cycle, even as the Trump Organization pursued foreign real estate deals worth billions involving Saudi, Qatari, and UAE-backed entities.
Read at www.theguardian.com
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