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.
The #Trump family’s business dealings with the Emiratis have blurred the line between government & private enterprise, alarming #ethics experts & congressional #Democrats.
Sheikh Tahnoon, a member of the #UAE royal family, has been a major #ForeignPolicy intermediary with the #US for over a decade on matters varying from combating #terrorism to sharing advanced computer #tech. He runs a sprawling investment empire that includes G42, a tech firm that has become a powerhouse in #AI.
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.