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UAE Firm Acquires Stake in Trump-Linked Crypto Company

2/3/2026

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Summary

Story summary

A UAE-linked investment firm acquired 49% of World Liberty Financial, a cryptocurrency company tied to the Trump family, days before United States President Donald Trump's January 2025 inauguration.
Eric Trump signed the deal.
White House representatives defended the transaction, saying neither the president nor his associates were involved.
Senator Elizabeth Warren called for congressional scrutiny, labeling the situation as "corruption, plain and simple."

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Story summary

A UAE-linked investment firm acquired 49% of World Liberty Financial, a cryptocurrency company tied to the Trump family, days before United States President Donald Trump's January 2025 inauguration.
Eric Trump signed the deal.
White House representatives defended the transaction, saying neither the president nor his associates were involved.
Senator Elizabeth Warren called for congressional scrutiny, labeling the situation as "corruption, plain and simple."