Elizabeth Warren Calls It ‘Corruption’ After $500 Million UAE Investment Reported In Trump Crypto Firm: ‘Congress Needs To Grow A Spine’
Over the weekend, Sen. Elizabeth Warren (D-Mass.) accused the Donald Trump administration of “crypto corruption” following a report that a top UAE royal invested $500 million in a Trump-linked cryptocurrency venture.
UAE Royal Reportedly Took Massive Stake In World Liberty
Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and a senior royal, backed a $500 million investment in World Liberty Financial, reported the Wall Street Journal on Saturday, citing company documents and people familiar with the matter.
The investment was made through Aryam Investment, a Tahnoon-backed firm that acquired a 49% stake, making it the company’s largest known shareholder, according to the Journal.
World Liberty Financial is behind the USD1 stablecoin, which is pegged to the U.S. dollar and backed by short-term U.S. Treasurys, dollar deposits and cash equivalents.
The company lists President Donald Trump and special envoy Steve Witkoff as co-founders emeritus and is run by members of the Trump and Witkoff families.
The report said about $187 million from …
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