Breaking News: Trump family launches Saudi-backed 'American Bitcoin' on NASDAQ as President begins Middle East trip
EXCLUSIVE: Saudi sovereign wealth fund money flows to Trump crypto venture just as President arrives in Riyadh for high-stakes bilateral talks
Donald Trump departed Washington this morning for his first state visit to Saudi Arabia as president, leaving behind a capital reeling from revelations of his family's brazenly corrupt foreign entanglements. What we've uncovered represents the most audacious monetization of the presidency in American history.
Our investigation reveals that as Air Force One touches down in Riyadh, Saudi Arabian sovereign wealth fund money is flowing directly into Trump's latest cryptocurrency venture. American Bitcoin, set to debut on NASDAQ tomorrow, is funded through a complex web that traces back to the Saudi royal family—creating a direct financial pipeline from the kingdom to the president's sons at the exact moment he's conducting official diplomatic business.
These crypto entanglements are part of a broader foreign influence operation that includes the Qatar royal family preparing to hand Trump a $400 million luxury Boeing 747-8 jumbo jet. But the crypto connections represent something far more dangerous—a systematic effort to position Trump and foreign royals as the permanent controllers of America's financial future.
Timing That's Too Perfect to Ignore
While the president glad-hands Crown Prince Mohammed bin Salman about arms deals and oil prices, his sons Eric and Donald Jr. are quietly expanding their crypto empire with new channels for foreign capital to flow into their family businesses.
American Bitcoin represents the Trump family's third major cryptocurrency venture, joining World Liberty Financial and the $TRUMP memecoin. The company went public through a reverse IPO that allows the Trump family to capture 20% of a burgeoning US-based crypto mining operation —without putting up any actual capital— and is partially backed by the royal family, that will be the first call on the president’s first foreign trip.
The Saudi Money Trail
American Bitcoin is majority-owned by Hut 8, a company whose major shareholders include BlackRock, Vanguard, and Coatue Management. Coatue, in turn, receives funding from Saudi Arabia's sovereign wealth fund through its venture arm, Sanabil. Jeff Bezos and Michael Dell's family offices also pump money into Coatue.
When you follow the money, serious questions arise:
Saudi sovereign wealth → Sanabil → Coatue → Hut 8 → American Bitcoin → Trump family
American Bitcoin is the Trump family’s third crypto operation, all backed by foreign sources, and represents complex conflicts of interests that suggest complete crypto deregulation and a crypto federal reserve is highly likely.
But the most serious concern revolves around the devaluation of the US dollar.
Betting Against The US Dollar
Trump's unprecedented promotion of cryptocurrency while serving as president creates a fundamental tension with the U.S. dollar's global reserve currency status. His family's financial interests now directly benefit when cryptocurrency values rise relative to traditional currencies.
The mechanics are straightforward: Trump receives 75% of revenues from World Liberty Financial transactions, owns 20% of American Bitcoin mining operations, and controls multiple cryptocurrency platforms. As these assets gain market share, they inevitably compete with dollar-denominated systems. Foreign governments investing billions in Trump's crypto ventures understand this dynamic—their funds strengthen alternatives to the currency that underpins U.S. economic dominance.
This creates an unprecedented conflict: the president's family profits increase as cryptocurrency displaces traditional dollar-based transactions. Every UAE deal using Trump's USD1 stablecoin, every mining operation funded by Saudi-backed Coatue, every transaction through World Liberty Financial represents value flowing out of the established dollar system into crypto networks that the Trump family controls.
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