US President Donald Trump stated that he was unaware of his family’s $500 million share deal with Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, on the World Liberty Financial (WLFI) crypto platform. Speaking to journalists, Trump said, “I don’t know, my sons are managing it, they’re getting investments from different people.”
How Did Sheikh Tahnoon Become WLFI’s Largest Shareholder?
According to the Wall Street Journal’s report, Sheikh Tahnoon purchased 49 shares through Aryam Investment 1 four days before Trump’s inauguration and rose to the position of WLFI’s largest shareholder. This deal shows that WLFI is strengthening its growth strategy with Middle Eastern capital. As a DeFi-based platform, WLFI offers stablecoin and yield farming services, but the influx of foreign capital has sparked new debates in US crypto regulation.
Detailed Distribution of the First $250 Million Installment
| Institution/Person | Amount (Million USD) | Description |
|---|---|---|
| Trump family-linked institutions | 187 | Main share |
| Zak Folkman and Chase Herro | 31 | WLFI founders |
| Others | 32 | Platform operations |
The first $250 million installment was directed this way. Details of the remaining $250 million have not yet been clarified.
The Trump Family’s Role in WLFI
Trump is one of the nine founders of WLFI along with his sons Donald Trump Jr., Eric, and Barron. This connection increases the platform’s political influence while raising ethical questions. Experts note that the Trump administration’s crypto-friendly policies could accelerate projects like WLFI.
Elizabeth Warren and Democratic Criticisms
The deal raises concerns about foreign influence in a US crypto company, and Democratic Senator Elizabeth Warren sharply criticized Trump’s crypto ties: “This puts national security at risk.” WLFI spokesperson David Wachsman responded by stating that the private company is subject to standards.
WLFI Bank Charter Application and Regulation
The Office of the Comptroller of the Currency (OCC) announced that it will review WLFI’s bank charter application impartially. This reflects WLFI’s efforts to integrate with traditional finance. You can examine the effects of regulations on BTC on our BTC detailed analysis pages.
Will the WLFI Development Affect the BTC Market?
This political crypto news has created uncertainty among BTC investors. While Trump’s positive stance on crypto supports the BTC rally, foreign influence debates could create short-term pressure. BTC fell 1.2% in the last 24 hours. We recommend risk analysis for BTC futures trading. In the long term, projects like WLFI could increase institutional entry and carry BTC to 100K levels. BTC spot market tracking is essential.
Source: https://en.coinotag.com/trump-says-he-was-unaware-of-wlfi-abu-dhabi-deal
