WSJ says UAE royal holds 49% stake in Trump WLFI banking venture

A UAE royal holds a 49% stake in the banking venture of the Trump family’s crypto project World Liberty Financial, the Wall Street Journal reported. The royal is Sheikh Tahnoon bin Zayed Al Nahyan, the UAE national security adviser known as the "spy sheikh," and the report described Sheikh Tahnoon as a key backer and shareholder of the U.S. bank WLFI is preparing to launch. Earlier, the Office of the Comptroller of the Currency, a U.S. bank regulator, conditionally approved a bank charter for World Liberty Trust, a WLFI unit.