Report details massive foreign investment in Trump crypto firm
A member of the Abu Dhabi royal family secretly backed a $500 million investment in the Trump family’s cryptocurrency venture months before the Trump administration granted the United Arab Emirates access to highly sensitive artificial intelligence chip technology.
A bombshell Saturday report from the Wall Street Journal revealed that a member of the Abu Dhabi royal family secretly backed a massive $500 million investment into the Trump family’s cryptocurrency venture months before the Trump administration gave the United Arab Emirates access to highly sensitive artificial intelligence chip technology.
According to the Journal’s sources, lieutenants of Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan signed a deal in early 2025 to buy a 49% stake in World Liberty Financial, the startup founded by members of the Trump family and the family of Trump Middle East envoy Steve Witkoff.
Documents reviewed by the Journal showed that the buyers in the deal agreed to “pay half up front, steering $187 million to Trump family entities,” while “at least $31 million was also slated to flow to entities affiliated with” the Witkoff family.
Weeks after green-lighting an investment in the Trump crypto venture, Tahnoon met directly with President Donald Trump and Witkoff at the White House, where he reportedly expressed interest in working with the US on AI-related technology.
Two months after this, the Journal noted, “the administration committed to give the tiny Gulf monarchy access to around 500,000 of the most advanced AI chips a year—enough to build one of the world’s biggest AI data center clusters.”
Tahnoon had previously tried to get US officials to grant the UAE access to the chips, but was rebuffed because of concerns that the cutting-edge technology could be passed along to the UAE’s top US geopolitical rival, China, the Journal wrote.
Many observers expressed shock at the Journal’s report, with some critics saying that it showed Trump and his associates were engaging in a criminal bribery scheme.
“This was a bribe,” wrote Melanie D’Arrigo, executive director of the Campaign for New York Health, in a social media post. “UAE royals gave the Trump family $500 million, and Trump, in his presidential capacity, gave them access to tightly guarded American AI chips. The most powerful person on the planet also happens to be the most shamelessly corrupt.”
Jesse Eisinger, reporter and editor at ProPublica, argued that the Abu Dhabi investment into the Trump crypto firm “should rank among the greatest US scandals ever.”
Democratic strategist David Axelrod also said the scope of the Trump crypto investment scandal was historic.
“In any other time or presidency, this story… would be an earthquake of a scandal,” he wrote. “The size, scope and implications of it are unprecedented and mind-boggling.”
Tommy Vietor, co-host of “Pod Save America,” struggled to wrap his head around the scale of corruption on display.
“How do you add up the cost of corruption this massive?” he wondered. “It’s not just that Trump is selling advanced AI tech to the highest bidder, national security be damned. It’s that he’s tapped that doofus Steve Witkoff as an international emissary so his son Zach Witkoff can mop up bribes.”
Former Rep. Tom Malinkowski (D-NJ) warned Trump and his associates that they could face severe consequences for their deal with the UAE.
“If a future administration finds that such payments to the Trump family were acts of corruption,” he wrote, “these people could be sanctioned under the Global Magnitsky Act, and the assets in the US could potentially be frozen.”
