World Liberty UAE Ties: Trump Says He Knows “Nothing”
President Trump says he knows “nothing” about World Liberty UAE ties, while Justin Sun asks a federal court to sanction the company over them. CoinDesk reports Trump said it in a CBS “60 Minutes” interview that aired Sunday, November 8. Here is what each side says about World Liberty UAE ownership, what is still only an allegation, and why bitcoin miners may care.
What Trump said about World Liberty UAE ties
CoinDesk says Trump acknowledged co-owning World Liberty Financial. Asked why its ties to UAE government-linked investors would differ from a hypothetical Biden-family case, he replied: “Because I know nothing about it.” We are quoting CoinDesk’s account of the interview. We have not seen the full broadcast.
What Justin Sun is asking the court for
Per Cointelegraph, Sun and two co-plaintiffs seek $263,821.20 in sanctions against World Liberty and its lawyers. They accuse the company of a misleading ownership disclosure in the fight over his $45 million WLFI token investment. A hearing is set for December 10.
The claim, as Decrypt relays it, goes like this. World Liberty first listed Florida as its only citizenship. Nearly three months later it amended the filing to list 22 members, with citizenship in Florida, Delaware, Puerto Rico and the UAE. World Liberty’s lawyers then argued the federal court lacks jurisdiction, because foreign parties sit on both sides. Sun says he will refile in California state court once the sanctions motion is resolved.
What is still unproven about World Liberty UAE claims
These are Sun’s allegations. Cointelegraph says World Liberty did not immediately respond to its request for comment, and we found no formal reply to the motion. The company has called Sun’s April suit a “meritless PR stunt”, and it filed its own suit in May, accusing him of shorting the token and defaming the firm. Sun denies that. So far, no court has ruled on any of it. CoinDesk also reports a January 2025 deal in which an entity backed by UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan took a 49% stake for $500 million. Treat that as reported, not proven here.
What it means for bitcoin miners
We see no direct effect on hashprice. The real exposure is political. As we reported, Democrats plan to look at Trump-linked crypto ventures after the midterms. Stories like this one feed that fight, and legal noise can weigh on market mood. Our bitcoin price prediction page tracks the daily range.
Miner math: bitcoin hashprice today
Here is the live maths on November 9. Bitcoin is $74,670 and the network is 968 EH/s, so hashprice is about $35.03 per petahash per day. That is what one PH/s of hashing earns before power.
| Machine | 5c/kWh | 8c/kWh | 12c/kWh | Break-even |
|---|---|---|---|---|
| Antminer S19 (95 TH/s, 3250 W) | -$0.57 | -$2.91 | -$6.03 | 4.3c |
| Antminer S19k Pro (115 TH/s, 2645 W) | $0.86 | -$1.05 | -$3.59 | 6.3c |
| Antminer S19 XP (141 TH/s, 3010 W) | $1.33 | -$0.84 | -$3.73 | 6.8c |
| Antminer S21 Pro (234 TH/s, 3510 W) | $3.99 | $1.46 | -$1.91 | 9.7c |
Numbers are profit per day after electricity, at the three power prices shown. Break-even is the most you can pay per kilowatt-hour before the machine loses money. Specs are the manufacturer ratings; network data comes from mempool.space. Try your own power price in our free bitcoin mining profit calculator. See what these machines really sold for in our used ASIC miner price index. Want to run the same numbers on a machine you can buy today? See our used ASIC miners, or buy several at once through bulk lots.
If political headlines cost bitcoin another 5%: the break-even power price on an S19k Pro falls from 6.3 to 6.0 cents per kilowatt-hour. At 8 cents, daily profit goes from -$1.05 to -$1.25.
That is a “what if”, not a call. If a scare like this squeezes your margin, the fix is cheaper power or a leaner machine. Our mining economics guides show the arithmetic.
If a machine no longer pays, sell us your used miners. Buyers can browse all miners.
-Nick
ING Mining
This is general information, not financial advice. Crypto is volatile, and exchanges can fail. Please do your own research.
How this story was made: drafted with the help of AI tools from public sources, then edited by Nick Squires. See our editorial policy. Spot an error? Email ns@ingmining.com.