đȘ UAE Fund Backs Trumpâs World Liberty Tokens $TRUMP
A UAE-based investment fund, AquaâŻ1 Foundation, has purchased $100âŻmillion worth of World Liberty Financialâs governance tokens ($WLFI), making it the largest public investor in the Trump-family-linked crypto venture. The tokens remain non-tradable for now, but plans are underway to enable trading. The move supports broader expansion into South America, Europe, and Asiaâand the development of a stablecoin (USD1), part of a joint UAE-Middle East blockchain and AI initiative .
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đ $TRUMP âs Crypto Empire: Top Players & Influence
A deep-dive by AP News highlights how crypto ventures now account for roughly 40% of the Trump Organizationâs $2.9âŻbillion net worth. Key players include World Libertyâs USD1 stablecoin backers, the $TRUMP meme coin, Justin Sunâs Tron involvement, and Binance CEO Changpeng Zhaoâall benefiting from loosened regulation and shelved probes under Trumpâs administration .
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đ§ Why It Matters
Governance vs. ownership: AquaâŻ1âs tokens donât trade yet, but acquiring voting power suggests future influence over governance.
Ethics & transparency concerns: Critics warn of conflicts of interest, as Trumpâs family profits from stablecoin issuance even as USD1 gains backing from UAE-linked firms.
Growing crypto footprint: This signals a larger ambition by Trumpâs affiliated entities to shape the global digital finance landscape.