Trump family crypto venture tapped as part of $2B Emirati-backed investment deal

An Abu Dhabi investment firm is set to invest $2 billion in a crypto deal that may significantly benefit the Trump family’s World Liberty Financial. The firm’s USD1 stablecoin will be used for the investment in Binance, as announced by co-founder Zach Witkoff at a crypto convention attended by Eric Trump. This move raises ethical concerns regarding potential conflicts of interest for President Trump, who has previously supported cryptocurrency despite initial skepticism.