President Donald Trump said he knows nothing about foreign investment in his family’s crypto business, in a 60 Minutes interview that aired Sunday, The Block reported. Asked why investment from abroad in World Liberty Financial would not raise the corruption concerns he might have voiced about Joe Biden, Trump replied, “Because I know nothing about it.” Pressed on why he does not sell his stake, he said, “How do you divest from cash?” and added that his sons run the company.
The question refers to Wall Street Journal reporting cited by The Block. An earlier report said a vehicle backed by Sheikh Tahnoon bin Zayed al Nahyan, the UAE national security adviser, secretly acquired a 49% stake in World Liberty for $500 million shortly before Trump’s inauguration. In August, the Journal reported that Tahnoon and co-investors held 49% of WLTC Holdings, a World Liberty-linked company that recently received preliminary Office of the Comptroller of the Currency approval for a national trust bank charter. These ownership claims come from press reports, and The Block’s article did not include a World Liberty response to the interview remarks.
The topic also features in a legal fight. Justin Sun says he invested $45 million in WLFI tokens and sued in April over the alleged freezing of his holdings, and he has accused the company of not disclosing UAE-linked owners until months into the dispute. World Liberty has called the case a “meritless PR stunt,” The Block reported.
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