After months of the United Arab Emirates poured billions of dollars in an encrypted currency linked to Donald TrumpA family, the investment may be ready to invest: the United Arab Emirates is shown close to securing a major American chip deal.
President Trump is said to be considering a shift in the United States’ policy that can give the United Arab Emirates access to semiconductors, Bloomberg I mentioned Last week, with Trump expecting a coming visit to the region to start official talks on a review of the so -called “artificial intelligence base”, which is currently restricting the exports of chips on the UAE and dozens of other countries.
“The president is planning to confirm that the United Arab Emirates is a natural American ally who has made significant investments in the United States,” said one of the officials who are aware of the discussions. Bloomberg.
Photography GiusePpe Cacace/AFP via Getty Images
Why do it matter
While the chip negotiations and investment in the last cryptocurrency are not officially linked, both of which highlight the financial and political compatibility in the Emirates with the Trump administration.
Critics say that Trump’s ties and his family are close to specific encrypted currencies that foreign governments can buy outwardly to influence a major conflict of interests of the president.
Newsweek He arrived at the White House for comment, but he did not receive a response.
What do you know
Senator Elizabeth Warren And actor Jake Ushnlos, both of them DemocratsSuch concerns raised the federal organizers earlier this year, with a highlight of the risk of foreign influence by purchasing coded currency codes in Trump, which are separate from the United Arab Emirates encryption deal.
“Anyone, including the leaders of hostile countries, can buy these secret metal currencies, raise the unrestricted and unreasonable foreign effect on the President of the United States, while President Trump’s supporters leave the risk of investing in $ TRMP and $ Mellania” and the exchange committee after the opening in January.
At the Cross Currency Conference in Dubai last week, Zach Whittakov, co -founder of World Liberty Financial and Ibn Steve Whitchov, Trump’s private envoy, announced that a fund supported in the United Arab Emirates has chosen the Trump family funds, $ 1, for $ 2 billion in Pins, the world’s largest exchange in the world.
Trump’s commercial entity has 60 percent of global freedom to start encryption behind US $ 1, and has 75 percent of all revenues of currency sales. Eric Trump Donald Trump Junior is actively participating in the management of the company, depending on three partners, Zakari Folkman, Chis Hiro, and Zak Witkev to maintain daily operations.
It seems that the UAE is now about the main victory as the United States considers the export restrictions that hindered the aspirations of artificial intelligence in the Gulf nation. A possible political transformation follows months of diplomatic communication by Abu Dhabi to expand the infrastructure of Amnesty International.
Jeff Chew photos/AP
In March, Emirati National Security Adviser Sheikh Tanjan bin Zayed Al Nahyan met with Trump and senior US officials in Washington to pressure relief from restrictions. Weeks later, the United Arab Emirates revealed plans to invest up to $ 1.4 trillion in the US economy over the next decade, as sectors such as artificial intelligence, semiconductor, energy and manufacturing targeted.
The restrictions stem from the rules of the global chips that were implemented during the president Joe BidenThe last week in the office, which threatened to stop the technological progress of the United Arab Emirates. Since his return to the White House, Trump reflected many Biden policies and expressed its strong support for the United Arab Emirates.
According to a source he was martyred BloombergTrump asked why the United States was unable to sell advanced chips to a country that has already been approved to buy F-35 Fighter-although the final conditions of this arms deal remain in negotiation.
After reports of a possible policy reflection, NVIDIA shares jumped by more than 5 percent in the New York trade.
During the Token2049 conference in Dubai, Witkoff said that Stablecoin USD1 will be used in billions of billions of MGX transactions with Binance. MGX is the UAE -owned investment company that focuses on artificial intelligence.
He said, “We are excited to announce today that USD1 was chosen as the official Stablecoin to close MGX $ 2 billion in Binance.” Reuters.
Eric Trump, who also attended the event, described the deal as part of the wider family brand efforts in the region.
“You will not walk in Four Seasons using USD1,” he said. He said, “You will walk at the Trump International Hotel and the tower.” New York Times.
World Liberty Financial, which was launched in 2024, promotes itself as a decentralized financing platform. Stablecoin, USD1, US dollar is linked and supposed by cabinet and other monetary equations. It was released on Binance’s Blockchain, the currency grew to $ 2.1 billion in trading, according to Coinmarketca.
Altaf Qadri/AP
What people say
Zac Wittakov, co -founder of World Liberty Financial, said about the United Arab Emirates: “This is just one incredible country. One of the most innovative countries, if not the most innovative, is on the planet today.”
Jensen Huang, CEO of NVIDIA, told reporters in Washington: “I am not sure of what the new rule of spread will be, but whatever it is, it must really realize that the world has changed mainly since the release of the previous rule.”
Anthony Scarmocchi, the former Trump advisor who turned into the critic, on x: “Mimi Trump’s currency things are bad for industry. Don’t be deceived by you. It’s Idi Amin [former Ugandan warlord] Corruption level.
What happens after that
Trump is scheduled to visit the United Arab Emirates from May 13 to May 16, as part of the first major international trip. The journey coincides with the deadline for enforcing the base of the spread of artificial intelligence – a list presented in late 2024, which aims to prevent sensitive chips technology from reaching or redirecting hostilities through the Gulf countries.
