🇦🇪💰 UAE FIRM INVESTS $100M in TRUMP-LINKED CRYPTO
Cryptocurrency firm World Liberty Financial (WLFI), backed by Donald Trump and his sons, has raised $100 million from the Emirates-based Aqua1 fund. This makes the fund the largest holder of WLFI tokens - more than Tron founder Justin Sun, who previously invested $30M. 🪙📈
Aqua1 says it wants to help develop blockchain infrastructure focused on real-asset tokenization (RWA), stablecoins and efficient global capital 🌍🔗
"The USD1 ecosystem of WLFI and asset tokenization is a trillion-dollar opportunity," says Aqua1's Dave Lee.
⚠️ Conflict of interest?
WLFI faces pressure over Trump connection. The President has admitted to earning over $57M in revenue from WLFI and holds 15.75 billion tokens. His son Eric Trump announced that Abu Dhabi firm MGX will use stablecoin USD1 to settle a $2B investment in Binance. 🔄💸
All this is happening while the US Congress is dealing with stablecoin legislation. Some politicians are warning that the president may support laws favoring his company. 🇺🇸⚖️
🧾 At a Senate hearing, the Attorney General refused to answer questions about WLFI.
"Americans should make American decisions - not be influenced by foreign crypto money," said Senator Merkley.
📜 There is a bill, the GENIUS Act, that would ban presidents from holding crypto while in office.
•🤔 WHAT DO YOU THINK? LET US KNOW IN THE COMMENTS 👇🏼👇🏼
