An Abu Dhabi royal signed a deal to purchase a 49% stake in Trump's cryto venture for $1 billion

[surfered]

Per the Wall Street Journal

https://www.wsj.com/politics/policy/spy-sheikh-secret-stake-trump-crypto-tahnoon-ea4d97e8

[lostincalifornia]

1. Wow, crypto just dropping below 80K, a complete lost of confidence. What did PT Barnum say about someone

being born every minute?

https://www.democraticunderground.com/100220987089

[surfered]

2. I do think crypto is based upon the greater fool theory

[Kid Berwyn]

3. Step to making taxpayer back crypto.

“World Liberty Financial” Crypto Grifto, per House Democrats:

https://democrats-judiciary.house.gov/media-center/press-releases/new-report-exposes-the-trump-family-s-multi-billion-dollar-crypto-empire-fueled-by-self-dealing-and-corrupt-foreign-interests

[Tanuki]

4. For those who can't access WSJ:

https://www.wsj.com/politics/policy/spy-sheikh-secret-stake-trump-crypto-tahnoon-ea4d97e8?st=DdLjND&reflink=article_copyURL_share

"Four days before Donald Trump’s inauguration last year, lieutenants to an Abu Dhabi royal secretly signed a deal with the Trump family to purchase a 49% stake in their fledgling cryptocurrency venture for half a billion dollars, according to company documents and people familiar with the matter. The buyers would pay half up front, steering $187 million to Trump family entities.

The deal with World Liberty Financial, which hasn’t previously been reported, was signed by Eric Trump, the president’s son. At least $31 million was also slated to flow to entities affiliated with the family of Steve Witkoff, a World Liberty co-founder who weeks earlier had been named U.S. envoy to the Middle East, the documents said.

The investment was backed by Sheikh Tahnoon bin Zayed Al Nahyan, an Abu Dhabi royal who has been pushing the U.S. for access to tightly guarded artificial intelligence chips, according to people familiar with the matter. Tahnoon—sometimes referred to as the “spy sheikh”—is brother to the United Arab Emirates’ president, the government’s national security adviser, as well as the leader of the oil-rich country’s largest wealth fund. He oversees a more than $1.3 trillion empire funded by his personal fortune and state money that spans from fish farms to AI to surveillance, making him one of the most powerful single investors in the world.

The deal marked something unprecedented in American politics: a foreign government official taking a major ownership stake in an incoming U.S. president’s company.".... (more)