Trump’s Crypto Corruption Intensifies With $2 Billion Abu Dhabi Deal
Donald Trump and his family continue to cash in on cryptocurrency from entities looking to curry influence with the president and his administration — which is simultaneously working to deregulate the industry.
At a crypto conference in the United Arab Emirates, Eric Trump and Zach Witkoff announced that the Trump family’s stablecoin — World Liberty Financial’s USD1 — will be the vehicle for the state-backed Emirati investment firm MGX to invest $2 billion into Binance, the world’s largest crypto exchange.
The announcement comes weeks after Binance founder and former CEO Changpeng Zhao claimed he had “no discussions of a Binance US deal with … well, anyone.”
The transaction comes with a host of…
