UAE poured billions into Trump-linked crypto firm as U.S. weighed chip deal


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Summary

A New York Times investigation has shed light on two billion-dollar deals that advanced in parallel under the Trump administration: a massive Emirati investment in a Trump-linked cryptocurrency venture and a proposed agreement granting the UAE access to advanced AI chips.

In May 2025, Zach Witkoff — son of real estate investor and Trump envoy…

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