Trump-Backed Crypto Venture Draws $100 Million Investment Amid Transparency Concerns
An obscure entity named Aqua 1 Foundation has recently invested $100 million in World Liberty Financial, the cryptocurrency initiative supported by U.S. President Donald Trump. The investment, announced in June, makes Aqua 1 the largest publicly known investor in the platform, according to a Reuters report.
Despite the substantial financial involvement, little is known about Aqua 1's source of capital or its founder, Dave Lee. Reuters also reported that the Trump family has generated approximately $500 million in revenue from the crypto platform to date, with 75 percent of token income reportedly going directly to the family.
The White House has stated that, despite President Trump’s public endorsement of cryptocurrency, “measures have been taken to distance him from personal profits.” However, neither World Liberty Financial nor the Trump Organization has commented on the matter.
