UAE ‘spy sheikh’ backs 49% stake in Trump family’s crypto bank venture, WSJ reports
- Posted on August 27, 2026
- By CNBC
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- 1 min read
A prominent UAE official has reportedly secured a significant 49% investment stake in World Liberty Financial, the cryptocurrency banking initiative backed by the Trump family. The venture has obtained preliminary federal regulatory clearance for its proposed trust banking operations. This development marks a substantial expansion of international involvement in the Trump-led crypto project, strengthening connections between the Trump organization and senior Gulf state figures while advancing the platform's ambitions within the regulated banking sector.
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