Aqua 1, a little-known firm, invests $100 million in Trump’s World Liberty
The post Aqua 1, a little-known firm, invests $100 million in Trump’s World Liberty appeared on BitcoinEthereumNews.com. A venture going by the name Aqua 1 Foundation and saying it is based in the United Arab Emirates, announced in late June it had bought $100 million worth of World Liberty’s crypto tokens. This pushed it to become the largest publicly known investor in Trump’s crypto business. However, much remains unknown about the organization. Aqua 1’s digital profile and other public information reveal almost nothing about the source of its capital or the person it named as its founding partner, Dave Lee. This has added to people’s questions about Trump’s controversial crypto ecosystem. Why? The Trump family receives three-quarters of all token proceeds from World Liberty. To that end, Aqua 1’s purchase injects tens of millions of dollars into their personal pockets. Richard Painter, a former chief ethics lawyer for President George W. Bush, said the lack of transparency on investors in the Trump family’s crypto business, such as Aqua 1, has undermined public confidence in the government. Without more information, Painter said that everybody assumes the worst regarding foreign actors trying to influence the White House. He also made a dangerous statement that “We ought to know who is sending money to the president.” However, the president has an opaque explanation. “President Trump is dedicated to making America the crypto capital of the world and revolutionizing our digital financial technology,” White House deputy press secretary Anna Kelly said in an emailed statement. “His assets are in a trust managed by his children, and there are no conflicts of interest.” World Liberty deal marks Aqua 1’s only current investment. On its website, Aqua 1 is a Web3-native fund based in the UAE with a global outlook. Such funds invest in blockchain and crypto firms, making products for a futuristic idea of a decentralized internet. According to Reuters, last month,…
The post Aqua 1, a little-known firm, invests $100 million in Trump’s World Liberty appeared on BitcoinEthereumNews.com.
A venture going by the name Aqua 1 Foundation and saying it is based in the United Arab Emirates, announced in late June it had bought $100 million worth of World Liberty’s crypto tokens. This pushed it to become the largest publicly known investor in Trump’s crypto business. However, much remains unknown about the organization. Aqua 1’s digital profile and other public information reveal almost nothing about the source of its capital or the person it named as its founding partner, Dave Lee. This has added to people’s questions about Trump’s controversial crypto ecosystem. Why? The Trump family receives three-quarters of all token proceeds from World Liberty. To that end, Aqua 1’s purchase injects tens of millions of dollars into their personal pockets. Richard Painter, a former chief ethics lawyer for President George W. Bush, said the lack of transparency on investors in the Trump family’s crypto business, such as Aqua 1, has undermined public confidence in the government. Without more information, Painter said that everybody assumes the worst regarding foreign actors trying to influence the White House. He also made a dangerous statement that “We ought to know who is sending money to the president.” However, the president has an opaque explanation. “President Trump is dedicated to making America the crypto capital of the world and revolutionizing our digital financial technology,” White House deputy press secretary Anna Kelly said in an emailed statement. “His assets are in a trust managed by his children, and there are no conflicts of interest.” World Liberty deal marks Aqua 1’s only current investment. On its website, Aqua 1 is a Web3-native fund based in the UAE with a global outlook. Such funds invest in blockchain and crypto firms, making products for a futuristic idea of a decentralized internet. According to Reuters, last month,…
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