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UAE ‘spy sheikh’ backs 49% stake in Trump family’s crypto bank venture, WSJ reports

  • Posted on August 27, 2026
  • By CNBC
  • 0 Views
  • 1 min read
In brief

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.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

UAE ‘spy sheikh’ backs 49% stake in Trump family’s crypto bank venture, WSJ reports
UAE ‘spy sheikh’ backs 49% stake in Trump family’s crypto bank venture, WSJ reports

World Liberty’s proposed trust bank has preliminary federal approval as the Trump-backed crypto venture deepens its ties to a senior UAE official.
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CNBC

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