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UAE “Spy Sheikh” Behind Trump Crypto Bank: 49% Ownership, $500M and Questions MAGA Can’t Avoid

CryptoNews·August 29, 2026·1 min read
UAE “Spy Sheikh” Behind Trump Crypto Bank: 49% Ownership, $500M and Questions MAGA Can’t Avoid

UAE-linked investors hold 49% of World Liberty Financial's planned crypto bank venture after the OCC's preliminary approval for USD1 services. The deal involves $500M and raises questions about foreign influence. The bank aims to offer dollar-backed stablecoin services, marking a significant step in crypto banking integration.

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