Trump denies knowledge of $500M UAE investment in family-led project

U.S. President Donald Trump said he has no knowledge of a $500 million investment by a United Arab Emirates (UAE) royal in World Liberty Financial (WLFI), a DeFi project led by the Trump family, stating that his sons are handling the matter. The comment follows earlier reports that Aryam Investment, a firm backed by UAE royal and National Security Advisor Sheikh Tahnoon, acquired a 49% stake in the project for $500 million last year. Following the deal, the U.S. approved the sale of hundreds of thousands of advanced Nvidia AI chips to the UAE, some of which are reportedly intended for G42, an AI firm run by Sheikh Tahnoon. In response, some members of the U.S. Congress have raised concerns over potential conflicts of interest and corruption.