White House denies allegations of Trump-UAE crypto deal

White House spokesperson Anna Kelly, in a statement to BeInCrypto, asserted that the recent U.S.-UAE strategic technology partnership in AI was solely for the national interest of the United States and has no connection to World Liberty Financial. The clarification comes after Senate Democrats strongly demanded a hearing, raising conflict of interest allegations regarding foreign capital inflows. An investment consortium led by a senior UAE royal reportedly reached a secret agreement to acquire a 49% stake in World Liberty Financial for about $500 million just before President Trump returned to the White House. David Warrington, White House Counsel and a legal representative for the Trump administration, also directly refuted the conflict of interest claims. Warrington stated that the president does not engage in any private business dealings that could undermine his constitutional responsibilities, dismissing the proposal for a hearing as nothing more than an ignorant or malicious political attack.