UAE Invests $500M In Trump-Linked Crypto Firm

The Wall Street Journal reports that the UAE secretly invested $500 million in World Liberty Financial, a Trump-family cryptocurrency venture, four days before President Trump's January 2025 inauguration. The purchase gave Emirati investors a 49% stake and earmarked $31 million for entities tied to Steve Witkoff's family; Sheikh Tahnoon reportedly backed the deal to gain access to US AI chips and later secured access to 500,000 US chips per year in a March agreement.