U.S. President Donald Trump said he knows “nothing” about World Liberty Financial’s dealings with UAE-linked investors, as Tron founder Justin Sun challenges the Trump family’s crypto venture over foreign ownership disclosures in a federal lawsuit.
Trump acknowledged co-owning World Liberty in a CBS 60 Minutes interview aired Sunday, but asked why its ties to UAE government-linked investors were different from a hypothetical case involving the Biden family, he replied: “Because I know nothing about it.”
The comments come as World Liberty challenges federal jurisdiction over Sun’s lawsuit over frozen WLFI tokens by citing its UAE citizenship, according to Sun.
Sun alleges the company first disclosed only Florida citizenship before amending its filing after an August hearing. The revised disclosure listed 22 entities in its ownership chain and citizenship in Florida, Delaware, Puerto Rico and the UAE.
The Tron founder is seeking sanctions against World Liberty and its lawyers, alleging they withheld ownership details until those details could help defeat federal jurisdiction.
“World Liberty was proudly American when it was selling tokens,” Sun wrote on social media. “It discovered its UAE roots only when it needed a way out of an American federal courtroom.”