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International Business Times

Business

Marvie Basilan

Trump Family's 'Shady' Crypto Venture In Question Over UAE Government-Backed Firm Deal

Eric Trump Crypto WLFI X Binance MGX UAE World Liberty Financial Elizabeth Warren World Liberty

U.S. President Donald Trump has promoted World Liberty Financial. (Credit: WLFI Website / Screenshot)

KEY POINTS

Sen. Warren believes Trump and his family involved in WLFI will profit from the deal
Trump is the 'chief crypto advocate' and his three sons are 'Web3 ambassadors' at WLFI
MGX will invest $2 billion into Binance and WLFI's $USD1 stablecoin will be used to close the deal

World Liberty Financial (WLFI), the DeFi project backed by U.S. President Donald Trump and co-founded by his son, Eric Trump, is under scrutiny following a deal with an Abu Dhabi government-backed firm involving the cryptocurrency venture's USD1 stablecoin.

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