UAE OFFICIAL HOLDS 49% OF TRUMP FAMILY CRYPTO BANK, WSJ REPORTS

🚨 A 49% stake in the holding company for the Trump family's planned crypto bank traces back to the UAE's national security advisor.

The Wall Street Journal reports that Sheikh Tahnoon bin Zayed al Nahyan, brother of the UAE's president, and his co-investors are behind StringZ Holding RSC. That entity owns 49% of WLTC Holdings. An entity affiliated with Trump's family owns another 38%.

The relationship is not new. Tahnoon and other investors put $500 million into World Liberty Financial in January 2025, the month Trump began his second term, taking a 49% stake in the crypto company. That deal directed $263 million to Trump family entities, according to Trump's 2025 annual financial disclosure.

CNBC reports the Office of the Comptroller of the Currency granted World Liberty preliminary conditional approval this month to establish a federally chartered national trust bank. The bank would issue, redeem and safeguard USD1, World Liberty's dollar-backed stablecoin. It must satisfy further conditions before it opens.

Why the scrutiny: Tahnoon is a foreign government official, and the administration has negotiated with the UAE over access to advanced US AI chips. It approved chip sales to G42, the state-backed AI company Tahnoon controls, and last month eased limits on how many chips it could buy.

World Liberty spokesman David Wachsman called the firm "a private American financial technology company, not a political organization," said the trust company has separate governance, and said there are no conflicts of interest. He did not address the reported ownership structure. The White House has previously said Trump "only acts in the best interest of the American public."

CNBC previously reported Trump's businesses generated at least $59.5 million in foreign licensing revenue in the first year of his second term.

Should a foreign government official be allowed to own half of a US bank holding company?

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