US President Trump: Knows nothing about foreign investment in his crypto business

President Trump said in a CBS "60 Minutes" interview that he knows nothing about foreign investment in his family's crypto venture World Liberty Financial, which he said is run by his sons, and he deflected conflict-of-interest questions by asking how he could cash out while they keep operating it. The remarks follow a Wall Street Journal report that an investment vehicle backed by UAE national security adviser Sheikh Tahnoon bought 49% of World Liberty Financial for $500 million before Trump's inauguration. The disclosure matters because it ties a sitting U.S. president's personal wealth to a crypto platform with Gulf backing, sharpening scrutiny of how his holdings are structured. Trump said most of his wealth sits with large Wall Street institutions and in index funds, rather than in cash he could readily withdraw. Watch for whether the White House or World Liberty Financial provides further detail on the foreign stake and any formal ethics guidance on the president's crypto interests.