Trump Says Family Managing Crypto Investment
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Amid growing scrutiny over a reported UAE-backed investment in World Liberty Financial, President Donald Trump said he was unaware of the details of the deal.
Speaking to reporters, Trump stated he had no direct role in the transaction, saying, “My sons are handling that — my family is handling it.”
The investment, reportedly valued at around $500 million, has sparked national security concerns in Congress. Lawmakers are seeking clarification from the Treasury Department on whether proper disclosures were made and whether federal review is required.
The situation highlights the growing intersection of politics, crypto, and foreign capital — and the regulatory scrutiny that comes with it.