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FinchHaven sfba boosted
Nonilex
Nonilex
@Nonilex@masto.ai  ·  activity timestamp 5 days ago

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

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FinchHaven sfba boosted
Nonilex
Nonilex
@Nonilex@masto.ai  ·  activity timestamp 5 days ago

That agreement gave the Emirati-backed firm a 49% stake in #WorldLibertyFinancial. 2 top lieutenants to the UAE’s government #NationalSecurity adviser, Sheikh Tahnoon bin Zayed Al Nahyan, joined the board of World Liberty.

Asked about the terms of the deal, including the board seats, the timing & the size of the investment, Wachsman said, “We made the deal in question because we strongly believe that it was what was best for our company as we continue to grow.”

#Trump #compromised #law #UAE

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Nonilex
Nonilex
@Nonilex@masto.ai  ·  activity timestamp 5 days ago

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

Nonilex
Nonilex
@Nonilex@masto.ai replied  ·  activity timestamp 5 days ago

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

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Nonilex
Nonilex
@Nonilex@masto.ai  ·  activity timestamp 5 days ago

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

Nonilex
Nonilex
@Nonilex@masto.ai replied  ·  activity timestamp 5 days ago

That agreement gave the Emirati-backed firm a 49% stake in #WorldLibertyFinancial. 2 top lieutenants to the UAE’s government #NationalSecurity adviser, Sheikh Tahnoon bin Zayed Al Nahyan, joined the board of World Liberty.

Asked about the terms of the deal, including the board seats, the timing & the size of the investment, Wachsman said, “We made the deal in question because we strongly believe that it was what was best for our company as we continue to grow.”

#Trump #compromised #law #UAE

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