Trump faces criticism as ‘beyond unprecedented’ UAE crypto deal raises conflict of interest fears | Donald Trump
Donald Trump has been accused of “corruption, plain and simple” after it was revealed that a member of the Emirati royal family was behind a $500m investment into the Trump family’s cryptocurrency company.
Ethics experts say the deal – struck just days before the US president’s inauguration last January – amounts to a deep conflict of interest for the White House, amid calls for a congressional investigation into the transaction.
Months after the deal, the Trump administration announced that the United Arab Emirates would be allowed to import 500,000 of Nvidia’s powerful AI chips – overriding concerns that the deal could eventually allow China access to the technology.
The January 2025 investment was backed by Sheikh…
