The White House agreed to the deal despite concerns from some #NationalSecurity officials in the #Trump admin that the #UAE might share the #chips with #China, which could potentially use them to advance its #military #weapons systems.

In an investigation last year, NYT reported that the chip negotiations intersected in critical ways with #WorldLibertyFinancial’s business dealings, involving many of the same people & unfolding simultaneously.

#compromised #FARA #law #emoluments #MiddleEast

Overall, the #Trump family’s #crypto investments in the past year have increased the family’s net worth by more than $1 billion, at least on paper.

At the same time that the crypto deal came together, the Emirati government secured an agreement with the Trump admin for the export of hundreds of thousands of advanced #chips to power #AI #tech.

#compromised #FARA #law #emoluments #ForeignPolicy #UAE #MiddleEast

#Trump, through an entity called DT Marks DEFI LLC, effectively controls a large stake in #WorldLibertyFinancial, which generated $57 million for him just as the company was starting up, acc/to his financial disclosure report last year. Revenues from the company are also shared with #ZachWitkoff, the son of #SteveWitkoff, who is Trump’s #MiddleEast envoy, among other partners.

#compromised #FARA #law #emoluments #ForeignPolicy #UAE

That maneuver alone turned #WorldLibertyFinancial into one of the world’s largest issuers of #stablecoin — a type of #cryptocurrency that maintains a price of $1. The deal was poised to generate tens of millions of dollars a year in revenue for World Liberty [#Trump].

#compromised #FARA #law #emoluments #ForeignPolicy #UAE #MiddleEast

The investment in #WorldLibertyFinancial was one of 2 large transactions last year involving the Trumps’ #crypto firm & the #UAE government. At a conference in Dubai in May, World Liberty executives disclosed that #MGX, another company run by Sheikh Tahnoon, was using $2 billion worth of a digital currency issued by World Liberty, known as a #stablecoin, to make a large investment.

#Trump #compromised #FARA #law #emoluments

The investment, reported earlier by WSJ, was confirmed on Sunday by a spox for the Trumps’ #crypto company, #WorldLibertyFinancial.

Days before his father’s inauguration in Jan 2025, Eric Trump, the president’s middle son, signed the agreement with the investment firm for a $500M investment in World Liberty, WSJ reported. David Wachsman, a World Liberty spox, confirmed the transaction in a statement to NYT.

#Trump #compromised #FARA #law #emoluments #ForeignPolicy #UAE #MiddleEast

A #Trump hotel in #Oman. A tower in #India. A #GolfCourse near Riyadh, #SaudiArabia. These are just a few of the >20 overseas projects the #TrumpOrganization is pursuing, often requiring cooperation with foreign governments [um, #FARA folks???]. These deals have made a minimum of millions for the #Trumps…. And the admin has treated those exact same governments favorably.

#POTUS4sale #SelfService #PublicDisservice #law #US #USpol #Constitution #emoluments #plutocracy #kleptocracy #MafiaState