An Emirati royal took a major ownership stake in Donald Trump’s family’s cryptocurrency company days before his inauguration last year. More notably, it was months before the US agreed to sell advanced AI chips to the Gulf nation, WSJ reports. The $500 million deal also involved a payout to the family of Steve Witkoff, Trump’s Middle East envoy. The revelation raised concerns about conflicts of interest in American foreign policy, especially given the scrutiny surrounding the US-UAE chip deal over worries the tech could be diverted to China, notes WSJ. The transaction “should be a five-alarm fire about the federal government being for sale”, thus a law proffesor against the American paper.
1 Comment
An Emirati royal took a major ownership stake in Donald Trump’s family’s cryptocurrency company days before his inauguration last year. More notably, it was months before the US agreed to sell advanced AI chips to the Gulf nation, WSJ reports. The $500 million deal also involved a payout to the family of Steve Witkoff, Trump’s Middle East envoy. The revelation raised concerns about conflicts of interest in American foreign policy, especially given the scrutiny surrounding the US-UAE chip deal over worries the tech could be diverted to China, notes WSJ. The transaction “should be a five-alarm fire about the federal government being for sale”, thus a law proffesor against the American paper.