US President Trump: Knows Nothing About Foreign Investments in His Crypto Companies

TechFlow: On November 9, The Block reported that US President Donald Trump was questioned during an interview with 60 Minutes regarding foreign investments in World Liberty Financial, the crypto enterprise they co-own, and potential conflicts of interest. He stated he had no knowledge of it and said the company is run by his sons.

When asked why he could not sell his stake while allowing his sons to continue operating it, Trump responded by questioning how to divest from cash, noting that most of his wealth is held at major Wall Street institutions and invested in index funds.

The report cited an earlier Wall Street Journal story stating that an investment vehicle backed by Sheikh Tahnoon, the UAE's National Security Advisor, had acquired a 49% stake in World Liberty Financial for $500 million prior to Trump's inauguration.