Trump Says He Knows 'Nothing' About World Liberty Financial as He Defends UAE Ties
Donald Trump defended his family’s ownership stake in World Liberty Financial, saying he knows nothing about the company and that his sons manage the family business. The venture issues the WLFI token and USD1 stablecoin. Company disclosures say a Trump-affiliated entity owns about 38% of its holding company, holds 22.5 billion WLFI tokens, and is entitled to 75% of net token-sale proceeds. The company has faced scrutiny over a reported $500 million deal in which a UAE-backed entity bought a 49% stake shortly before Trump’s inauguration, as well as a dispute with Justin Sun over disclosure of UAE ownership. Trump said he did not know whether foreign investors expected influence and argued presidential conflicts of interest are longstanding.
