Former U.S. President Donald Trump said he was unaware that Abu Dhabi entities had invested $500 million into the World Liberty crypto project, distancing himself from the funding and attributing responsibility to his sons.
Speaking to reporters, Trump stated that he was not directly involved in the project’s fundraising activities and suggested that outside investments were being handled independently by his family members.
Key Takeaways
- Donald Trump said he did not know about a reported $500 million Abu Dhabi investment.
- The funding is tied to the World Liberty crypto project.
- Trump said his sons are managing investments related to the venture.
- The comments raise fresh questions around transparency and oversight.
Trump’s Response to Investment Claims
“I don’t know about it. My sons are handling that, I guess they get investments from people,” Trump said when asked about the reported Abu Dhabi funding. His remarks came amid growing attention on political figures’ indirect involvement in cryptocurrency ventures.
According to Reuters, the $500 million investment was linked to entities based in Abu Dhabi seeking exposure to blockchain-related projects with global branding.
World Liberty and Political Scrutiny
The World Liberty crypto project has drawn attention due to its association with the Trump family and its international investor base. While the former president has promoted pro-crypto rhetoric in recent months, he has also emphasized that operational matters are managed by others.
Bloomberg has reported that regulators and ethics experts are increasingly monitoring crypto ventures connected to high-profile political figures, particularly when foreign capital is involved.
Regulatory and Ethical Questions
Although no allegations of wrongdoing have been made, Trump’s comments may intensify calls for clearer disclosure around political families and digital asset projects. Analysts note that large overseas investments can trigger additional scrutiny under U.S. campaign finance and ethics frameworks.
At present, there is no indication that U.S. regulators have launched a formal investigation related to the World Liberty project.
What To Watch Next
- Further clarification from World Liberty’s management on investor disclosures.
- Responses from U.S. regulators regarding foreign investments in crypto projects.
- Additional statements from Trump or his sons addressing governance concerns.
This article is for informational purposes only and does not constitute financial advice.