World Liberty Financial | Trump’s crypto U-turn

The article details former U.S. President Donald Trump's significant shift in stance towards cryptocurrencies, moving from skepticism to actively embracing and profiting from them. It highlights his family's new crypto venture, World Liberty Financial, which received conditional approval to operate a federally chartered U.S. trust bank for a dollar-backed stablecoin (USD1). A major point of scrutiny is the substantial investment by a top United Arab Emirates official, Sheikh Tahnoon bin Zayed al Nahyan, raising concerns about conflicts of interest and foreign influence, especially given Trump's policy actions (like creating a U.S. Strategic Bitcoin Reserve and signing the GENIUS Act for stablecoin regulation) that benefit his financial interests.