Trump Says He Knows Nothing About World Liberty Financial's Foreign Investment, Asks How to Divest from Cash

Odaily reports: U.S. President Donald Trump, in an interview, was questioned about foreign investment in the crypto company World Liberty Financial that he co-owns and potential conflicts of interest. He said he knew nothing about it and claimed the company is run by his sons. When asked why he couldn't sell his stake while letting his sons continue to run the business, Trump responded by asking how one would divest from cash, and stated that most of his wealth is held with major Wall Street institutions and invested in index funds.

According to reports, an investment vehicle backed by UAE National Security Advisor Sheikh Tahnoon acquired a 49% stake in World Liberty Financial for $500 million before Trump took office. (The Block)