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UAE Royal Bails Out Trump-Linked Crypto Venture with Stake in US Bank

Guavy AI Editorial Team
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The UAE's national security adviser, Sheikh Tahnoon bin Zayed Al Nahyan, holds a 49% stake in World Liberty Financial (WLFI), a crypto project linked to the Trump family. WLFI is preparing to launch a U.S. bank through its unit, World Liberty Trust, which has received conditional approval from the Office of the Comptroller of the Currency (OCC).

The OCC's conditional approval allows World Liberty Trust to proceed with the bank charter process, but it must meet specific regulatory requirements before full approval is granted.

Sheikh Tahnoon's involvement in WLFI adds an international dimension to the Trump family's crypto banking efforts, raising questions about foreign investment in U.S. financial institutions and potential national security concerns.

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