UAE Firm Invests $100M in Trump-Backed Cryptocurrency Project
Aqua1 Foundation, a UAE-based investment firm, has committed $100 million to World Liberty Financial‘s governance token, WLFI. This strategic investment positions Aqua1 as a major tokenholder, exceeding the $30 million stake held by Tron founder Justin Sun. The partnership focuses on advancing a blockchain-based financial ecosystem with three key objectives:
- Enhancing blockchain infrastructure development
- Pioneering Real World Asset (RWA) tokenization
- Integrating stablecoin solutions
Regulatory Scrutiny Intensifies
The Trump family‘s involvement with World Liberty Financial has drawn attention from U.S. lawmakers. Financial disclosures reveal Donald Trump earned $57.4 million from WLFI-related activities and maintains control of 15.75 billion governance tokens. These connections have raised bipartisan concerns about potential foreign influence and ethical considerations in cryptocurrency ventures.
Legislative Measures Proposed
In response to these concerns, congressional leaders are considering amendments to the GENIUS Act. The proposed changes would restrict sitting presidents from holding digital assets, addressing potential conflicts of interest in executive cryptocurrency holdings.
