Grand Theft America / Receipt money-2025-01-15-002
A UAE royal takes a 49% stake in the family crypto firm
An entity tied to UAE national-security adviser Sheikh Tahnoon bin Zayed reportedly acquired a ~49% stake in the Trump family's World Liberty Financial for a reported $500M, signed days before inauguration.
What happened
World Liberty's USD1 stablecoin was later used by a Tahnoon-led firm, MGX, to settle a $2B investment in Binance, prompting a House probe into conflicts of interest and the timing of U.S. AI-chip export approvals to the UAE.
Why it matters
An entity linked to UAE royal Sheikh Tahnoon bin Zayed reportedly paid about $500M for roughly 49% of the Trump family's World Liberty Financial just days before inauguration; about four months later the administration eased restrictions to grant the UAE access to advanced AI chips. A large payment into a Trump-family venture followed by a favorable policy shift benefiting the payer's country raises the appearance of pay-to-play.
Receipt details
- Sell the office
- Venture inflow
- $500M
