Trump Family Crypto Business Ties Revealed in UAE Corruption Scandal
The UAE's 'spy sheikh' Sheikh Tahnoon bin Zayed Al Nahyan has ties to Donald Trump's family crypto business. The two parties inked a $500 million deal days before Trump's inauguration, giving the Emiratis a 49% stake in World Liberty Financial.
This partnership is part of a larger arrangement where the UAE gets access to advanced AI chips from the US. The agreement was finalized after several meetings between Trump and his Middle East envoy with the UAE.
The deal allows for half of a new bank launched by World Liberty Financial to be owned by the Emiratis, raising concerns about corruption and conflict of interest.