A major crypto deal has placed the Trump family back in business headlines. A state-backed investment firm from Abu Dhabi is investing $2 billion into the crypto exchange Binance. This deal could significantly benefit the Trump crypto investment platform, World Liberty Financial.
Zach Witkoff, co-founder of World Liberty Financial, revealed the development during a crypto conference in Dubai. Standing alongside Eric Trump, he announced the use of their digital currency, USD1, to facilitate the transaction.
“We are excited to confirm USD1 will be used to close MGX’s $2 billion investment in Binance,” Witkoff stated. “It marks a huge milestone for us.”
This announcement signals growing confidence in the Trump crypto investment vehicle. The firm describes USD1 as a stablecoin—a digital asset meant to keep a consistent value. Until recently, Donald Trump criticized cryptocurrencies, calling them a “scam.” But now, he and his sons have openly supported World Liberty Financial.
Experts have expressed concern about the ethical implications. With Trump likely seeking political office again, critics question if foreign investors could gain influence. Large investments like this raise alarms among watchdogs.
Danielle Brian, Executive Director of the Project on Government Oversight, commented on these concerns. “Trump is exploiting weak ethics laws,” she said. “He is blending business with presidential power in unprecedented ways.”
Trump has not publicly released updated financial disclosures. It remains unclear if he has distanced himself from private business while in office. However, the White House stated last month that his assets are held in a trust. They added his children manage the businesses, and no conflict exists.
Still, the Trump crypto investment story continues to unfold. This $2 billion move from MGX, paired with stablecoin USD1, could mark a new chapter in digital finance—and politics.
With expanding global interest, the Trump crypto investment model is drawing fresh attention across economic and ethical landscapes.
