President Donald Trump said he knows “nothing” about the World Liberty Financial UAE investment, referring to the crypto firm co-owned by his family. In a White House interview aired Nov. 8, he also said he did not know whether foreign investors expected to gain influence through the company.

The comments concern a reported Abu Dhabi investment and a Senate records inquiry. The Block reported that Trump said his sons run the business.

Trump says he does not know whether investors sought influence

Trump answered “I don’t know” when 60 Minutes correspondent Ross Douthat asked whether foreign investors in his family’s cryptocurrency company believed they were buying influence with the government. The interview was recorded at the White House on Nov. 6 and aired two days later, according to an account of the interview.

Trump said his sons run the company and said he knew nothing about the UAE-linked investment. His response addressed what he knew and what investors might expect; it did not establish that investors had sought political influence.

Proposed Abu Dhabi deal would involve a 49% stake in World Liberty Financial UAE investment

The investment at the center of the questions is a reported $500 million deal for an Abu Dhabi investment firm to buy a 49% stake in World Liberty Financial. The proposed transaction has drawn attention to the company’s foreign investment and ownership as Trump serves as president.

The issue is whether a foreign investment in a president’s family-linked crypto business could raise questions about conflicts of interest. The Senate inquiry is seeking company records; it is not a finding that the deal bought influence or that the firms violated the law.

Senate inquiry seeks records by Jan. 4, 2027

Senator Richard Blumenthal sent follow-up letters to World Liberty Financial, Fight Fight Fight LLC, Binance and Tether. The companies were asked to begin turning over records by Nov. 30 and provide the requested material by Jan. 4, 2027, according to the letters described by TradingView.

Blumenthal warned that missing the January deadline could lead the Senate subcommittee to consider “alternative measures to obtain compliance.” The panel’s current rules allow its chair to issue subpoenas for documents and records. Fight Fight Fight LLC is included because it launched Trump’s TRUMP memecoin.

Blumenthal’s inquiry began with Trump-linked crypto ventures

Blumenthal opened an inquiry in May 2025 into potential conflicts of interest involving Trump’s crypto ventures. The records sought concern ownership, foreign investments and safeguards against conflicts. World Liberty Financial’s lawyers disputed his claims, saying the company had no affiliation with Fight Fight Fight LLC.

In June 2026, Blumenthal and four other Senate Democrats called for hearings into the Abu Dhabi investment. The new letters extend the inquiry’s records requests to four companies, while the Nov. 30 start date and Jan. 4 deadline set the next steps for their responses.

FAQ

Who interviewed Trump about World Liberty Financial?

60 Minutes correspondent Ross Douthat interviewed Trump at the White House. The interview was recorded on Nov. 6 and aired two days later.

What does the Abu Dhabi investment reportedly involve?

The proposed deal is valued at $500 million and would give an Abu Dhabi investment firm a 49% stake in World Liberty Financial. The company is co-owned by Trump’s family.

Why is Fight Fight Fight LLC part of the Senate inquiry?

The company launched Trump’s TRUMP memecoin, and Blumenthal’s inquiry covers Trump-linked crypto ventures. World Liberty Financial’s lawyers have said the two firms are not affiliated.

What can the Senate subcommittee do if companies miss the deadline?

Blumenthal said the subcommittee could consider other measures to obtain the records. Its current rules allow the chair to issue subpoenas.

What records is Blumenthal seeking from World Liberty Financial?

The inquiry concerns the company’s ownership, foreign investments and safeguards against conflicts of interest. Blumenthal first opened the inquiry into Trump’s crypto ventures in May 2025.

This article is for information only and is not financial advice.

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