The Aqua 1 Foundation, based in the United Arab Emirates, announced a $100 million purchase of World Liberty tokens, making it the largest known investor in Donald Trump's cryptocurrency business.
About Aqua 1 Foundation Investment
Aqua 1 Foundation announced its acquisition of World Liberty tokens worth $100 million, marking a significant investment in the project associated with Donald Trump. This acquisition establishes the foundation as the largest known investor in Trump's business within the cryptocurrency sector.
Lack of Information on Aqua 1
The digital profile of Aqua 1 and available public information do not reveal the sources of its capital or the identity of its founding partner, named Dave Lee. This lack of information raises concerns among the public regarding the transparency of investments linked to Trump's crypto ecosystem. Richard Painter, a former chief ethics lawyer, emphasized that the lack of transparency undermines public trust in the government.
Registration Status of Aqua 1
According to information, Aqua 1 is not registered with financial authorities in the UAE. It does not appear in the register of companies licensed by the UAE Securities and Commodities Authority or have registration with the Dubai International Finance Centre. This raises additional questions about the legitimacy of the foundation.
Aqua 1 Foundation's investment in World Liberty cryptocurrency raises important questions about transparency and legitimacy in the crypto sector, as well as the potential impact of such investments on the perception of Donald Trump's cryptocurrency ecosystem.
