Abu Dhabi's "spy sheikh" buys 49% of the crypto bank of the #TRUMP on the eve of his inauguration
A report by The Wall Street Journal reveals that Sheikh Tahnoon bin Zayed al Nahyan, national security adviser to the United Arab Emirates and brother of that country's president, secretly acquired a 49% stake in the family's banking project of #DonaldTrump through the entity StringZ Holding RSC, with an investment of 500 million dollars made days before the president's inauguration.
Banking project structure: The Emirati investment was channeled into the parent company WLTC Holdings (created by World Liberty Financial) with the aim of obtaining a banking license. The Office of the Comptroller of the Currency (OCC) recently granted preliminary approval to World Liberty Trust Company to operate as a national trust bank.
Operations and stablecoin weight: The financial vehicle seeks to issue and redeem stablecoins, manage custody, and offer on/off ramp services. #WLFI issues the stablecoin #USD1 , which has a market capitalization of 4 billion dollars and ranks as the fourth largest in the sector (behind USDT and USDC).
White House defense: Principal deputy press secretary Anna Kelly flatly rejected the existence of conflicts of interest and stated that the president acts in the interest of the American public, describing the media's accusations as unfounded.
Pressure and reactions in Congress: The case has sparked sharp criticism from Democratic lawmakers. Senators and members of the House of Representatives (such as Representative Ro Khanna, who launched a formal investigation into Emirati funds in WLFI) are demanding public hearings on the presidential family's financial ties to foreign capital.
$WLFI
$TRUMP
A report by The Wall Street Journal reveals that Sheikh Tahnoon bin Zayed al Nahyan, national security adviser to the United Arab Emirates and brother of that country's president, secretly acquired a 49% stake in the family's banking project of #DonaldTrump through the entity StringZ Holding RSC, with an investment of 500 million dollars made days before the president's inauguration.
Banking project structure: The Emirati investment was channeled into the parent company WLTC Holdings (created by World Liberty Financial) with the aim of obtaining a banking license. The Office of the Comptroller of the Currency (OCC) recently granted preliminary approval to World Liberty Trust Company to operate as a national trust bank.
Operations and stablecoin weight: The financial vehicle seeks to issue and redeem stablecoins, manage custody, and offer on/off ramp services. #WLFI issues the stablecoin #USD1 , which has a market capitalization of 4 billion dollars and ranks as the fourth largest in the sector (behind USDT and USDC).
White House defense: Principal deputy press secretary Anna Kelly flatly rejected the existence of conflicts of interest and stated that the president acts in the interest of the American public, describing the media's accusations as unfounded.
Pressure and reactions in Congress: The case has sparked sharp criticism from Democratic lawmakers. Senators and members of the House of Representatives (such as Representative Ro Khanna, who launched a formal investigation into Emirati funds in WLFI) are demanding public hearings on the presidential family's financial ties to foreign capital.
$WLFI
$TRUMP
