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加密貨幣新聞文章

Trump Family Cryptocurrency Business Announces $2 Billion Deal with Abu Dhabi Fund

2025/05/02 00:20

Trump Family Cryptocurrency Business Announces $2 Billion Deal with Abu Dhabi Fund

A founder of the Trump family cryptocurrency business made a brief but monumental announcement on Thursday, setting the stage for what could be a major contribution by a foreign government to President Trump’s private venture.

A fund backed by Abu Dhabi would be making a $2 billion business deal using the Trump firm’s digital coins, said Zach Witkoff, a founder of the firm, World Liberty Financial. The transaction would be announced on Friday, he said.

That transaction would be a vivid illustration of the ethical conflicts swirling around Mr. Trump’s crypto firm, which has blurred the boundary between business and government.

Mr. Witkoff’s announcement, made during a conference panel with Mr. Trump’s second-eldest son, contained a conflict of interest from nearly every angle.

He said that the firm’s so-called stablecoin, TrumpCoin, would be used to complete the transaction between MGX, the Emirati investment firm, and Binance, the largest crypto exchange in the world.

The Trump firm was brought in to help facilitate the deal, Mr. Witkoff said. He declined to identify the specific fund that would be making the investment, but he said it was based out of Abu Dhabi.

That transaction would be a major contribution by a foreign government to the Trump family firm, which is still in startup mode and is hoping to raise billions of dollars more from investors.

The Trump administration has imposed sanctions on foreign officials and entities for corruption and other offenses.

And the Trump campaign has repeatedly said that the president is focused on serving the American people and not on making money.

But Mr. Trump has also said that he is a “no-nonsense” businessman who is used to getting things done.

“I’m not interested in playing small,” Mr. Trump said in his 2016 campaign announcement speech. “I’m running for president to make America great again. And we’re going to start winning again, both economically and militarily.”

Mr. Trump’s son, Donald Trump Jr., spoke at the conference about the importance of innovation and new technologies.

“We’re living in a time of tremendous change and opportunity,” Mr. Trump Jr. said. “The world is moving faster than ever before, and we need to be thinking outside the box and coming up with creative solutions to the challenges we face.”

He added that he was optimistic about the future of cryptocurrencies and blockchain technology.

“I think it’s going to revolutionize the way we live, work and interact with each other,” he said.

The Trump family crypto firm has been the subject of much scrutiny since its founding earlier this year.

The firm, which is named after the president’s grandfather, was announced at the World Economic Forum in Davos, Switzerland, in January.

The firm’s founders said they planned to develop a cryptocurrency that would be used to support small businesses and entrepreneurs.

The firm’s plans were met with skepticism from some crypto experts, who questioned the need for another cryptocurrency in an already crowded market.

But the firm’s founders said they were confident that they could create a cryptocurrency that would be valuable and useful to people around the world.

The Trump family crypto firm has also been the target of criticism from members of both major political parties.

Some critics said that the firm was a thinly veiled attempt by the Trump family to capitalize on the president’s name and political clout.

Other critics said that the firm’s plans were not feasible and that it would likely fail.

However, the Trump family crypto firm has also attracted interest from prominent figures in the crypto industry.

One such figure is Roger Ver, a well-known Bitcoin supporter who has invested heavily in crypto startups.

Mr. Ver said he was impressed by the Trump family’s experience in business and their vision for the future of cryptocurrencies.

“I think they have a great team and they’re really passionate about what they’re doing,” Mr. Ver said. “I’m optimistic that they’ll be successful.”

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