Trump faces criticism as ‘beyond unprecedented’ UAE crypto deal raises conflict of interest fears
AI Summary
Donald Trump is facing conflict of interest accusations regarding a $500 million investment by Sheikh Tahnoon bin Zayed Al Nahyan of the UAE into a Trump family cryptocurrency company, World Liberty Financial, days before Trump's inauguration in January 2025. Ethics experts are raising concerns about potential violations of the Constitution's Federal Emoluments Clause. The deal is raising questions about whether Trump administration policies affecting the UAE were influenced by this financial relationship. Following the investment, the Trump administration allowed the UAE to import 500,000 Nvidia AI chips, despite concerns about potential technology access for China. Sheikh Tahnoon, a powerful UAE official, made the investment through Aryam Investment, with a significant portion going directly to Trump entities. A White House official stated that Trump is not involved in running his businesses.
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