Two democratic senators have requested the Treasury to find out whether or not a UAE-backed funding in a Trump-linked crypto agency requires nationwide safety scrutiny. The reported 49% stake was acquired shortly earlier than Trump’s second inauguration and concerned substantial funds to entities linked to his household and Steve Witkoff.Continue Reading
US Home Democrats, led by Californian Consultant Ro Khanna, have launched an investigation right into a UAE royal family-linked entity’s US$500 million funding into Trump-owned DeFi venture, World Liberty Monetary (WLFI). Khanna wrote to WLFI CEO, Zach Witkoff, looking for details about the deal together with what precisely the UAEContinue Reading
Sheikh Tahnoon secretly purchased 49% of World Liberty Monetary for $500 million in January 2025, simply days earlier than the inauguration. The deal gave G42 executives board seats and preceded a serious coverage shift permitting the UAE to buy 500,000 restricted US AI chips yearly. World Liberty just lately launchedContinue Reading
Eric Trump has refuted claims made by the New York Times that the United Arab Emirates was provided access to advanced computer chips in return for a deal involving the Trump-owned stablecoin USD1. In May, it was revealed that UAE-founded investment firm MGX invested US$2 billion worth of Trump-owned USD1Continue Reading
