UAE Royal Funds Half-Billion Trump Crypto Deal Ahead of AI Chip Access

TL;DR Summary
A Wall Street Journal report alleges a member of Abu Dhabi’s royal family secretly backed a $500 million investment in the Trump family’s cryptocurrency venture, acquiring 49% of World Liberty Financial and directing about $187 million upfront to Trump entities (with at least $31 million to Witkoff entities), months before the UAE was granted access to advanced U.S. AI chips; the meeting with Trump and Witkoff at the White House and the scale of the deal have critics calling it bribery with potential national-security implications.
Topics:business#artificial-intelligence#corruption#cryptocurrency#steve-witkoff#united-arab-emirates#world
- 'Corruption on a Breathtaking Level': Report Details Massive Foreign Investment in Trump Crypto Firm Common Dreams
- ‘Spy Sheikh’ Bought Secret Stake in Trump Company The Wall Street Journal
- Trump faces criticism as ‘beyond unprecedented’ UAE crypto deal raises conflict of interest fears The Guardian
- White House faces questions over UAE royal's investment in Trump family's crypto firm ABC News
- Trump family crypto firm sold major stake to UAE investment firm The Washington Post
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