In brief
- A UAE-linked entity agreed to buy a 49% stake in Trump-associated crypto firm World Liberty Financial just before Trump’s inauguration.
- A large share of the proceeds allegedly flowed to Trump and Witkoff family entities, according to the Wall Street Journal.
- The deal came ahead of a U.S. policy shift granting the UAE expanded access to advanced AI chips.
A UAE-backed entity tied to Sheikh Tahnoon bin Zayed agreed to buy a 49% stake in Trump-linked crypto firm World Liberty Financial for $500 million four days before President Donald Trump’s inauguration, according to a report from the Wall Street Journal on Saturday.
A large share of the proceeds flowed to Trump and Witkoff family entities, the report said, with the deal…
Feb 02 2026
