Trump Denies Knowledge of Alleged $500 Million Abu Dhabi Investment in Family Crypto Venture

President Donald Trump has denied any personal knowledge of an alleged $500 million investment by Abu Dhabi’s royal family in World Liberty Financial, a cryptocurrency project linked to his family.

The president addressed the issue on Monday during a press conference at the White House, responding to questions about a deal that has sparked sharp criticism from political opponents and Democratic lawmakers.

Asked directly about the reported investment, Trump said he was not involved in the project’s financial dealings. He explained that his sons and other family members are managing the venture and handling any outside investments. According to the president, his focus remains on pressing global issues, including developments involving Iran, Russia, and Ukraine, rather than the day-to-day operations of the crypto initiative.

Trump added that while he is generally supportive of cryptocurrency, he is not personally aware of the specific investors backing the project. His comments appeared aimed at distancing himself from the controversy surrounding the reported foreign investment.

The denial follows a report claiming that Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser, supported a $500 million investment in exchange for a 49 percent stake in World Liberty Financial.

The company reportedly lists Donald Trump and U.S. Middle East envoy Steve Witkoff as co-founders emeritus, while its operations are said to be managed by members of the Trump and Witkoff families.

According to the same report, approximately $187 million from the alleged deal flowed to Trump family-linked entities, while around $31 million went to entities connected to the Witkoff family. These details have intensified scrutiny over potential conflicts of interest, especially given Trump’s position as president.

While the White House has not provided further clarification beyond Trump’s remarks, the issue continues to generate debate over transparency, foreign investments, and the intersection of politics and cryptocurrency. As attention around digital assets grows, the controversy underscores the broader political and regulatory questions surrounding high-profile crypto ventures tied to public figures.