President Donald Trump said he knows nothing about the operations or foreign investment ties of World Liberty Financial, the crypto company he co-owns with his family, during a November 8 CBS interview. Asked about investors connected to the United Arab Emirates government, Trump acknowledged his ownership but said his sons run the business. The comments distance him from day-to-day involvement in World Liberty Financial while confirming that he remains a co-owner.
The UAE issue has also surfaced in World Liberty Financial’s separate legal dispute with Justin Sun, who has challenged the company’s amended corporate disclosures identifying UAE citizenship within its ownership chain. Sun alleges the information should have been disclosed earlier in his federal lawsuit over WLFI tokens. The allegations remain contested, and the court has not determined that World Liberty intentionally concealed its ownership structure.
Trump defended his decision not to fully divest, arguing that his sons should be able to continue operating family businesses while he serves as president. When asked whether foreign investors might believe they were buying influence, he said he did not know. The next development to watch is the court’s handling of Sun’s challenge and whether additional disclosures provide greater clarity around World Liberty’s UAE ownership ties.
Source: CBS News.
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