[CoinDesk] Trump says he knows ‘nothing’ about World Liberty’s UAE ties as Justin Sun challenges filings
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President Trump said he knows “nothing” about World Liberty Financial’s UAE ownership ties while confirming he co-owns the project, comments that could complicate Justin Sun’s federal lawsuit over frozen WLFI tokens. Sun, the Tron founder and prominent WLFI holder, is challenging the project’s filings, arguing the undisclosed UAE ownership undermines the token freeze at issue in his suit. The dispute centers on WLFI tokens held by Sun that World Liberty froze, and the case now hinges partly on whether foreign ownership of the Trump-backed DeFi venture was properly disclosed. The outcome matters for WLFI holders because it tests how much disclosure the project owes investors and whether its governance decisions can be challenged in court. What to watch next: how the court treats the UAE ownership question and whether World Liberty amends its filings or responds to Sun’s claims.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
World Liberty Financial, Justin Sun, Donald Trump, WLFI, UAE