At a Dubai conference, Trump’s conflicts take center stage
World Liberty Financial co-founder Zach Witkoff–who is also Steve Witkoff’s son–announced state-backed Emirati investment firm MGX would use Trump’s stablecoin, USD1, for a $2 billion transaction with Binance. Binance, a crypto-exchange platform, has been monitored by the US government since the firm admitted to violating federal money-laundering laws in 2023
Key Actors
Sources (9)
- At a Dubai conference, Trump’s conflicts take center stage (2025-05-01)
- Trump-Tied Stablecoin Used for MGX's $2 Billion Binance Deal (2025-05-01)
- Trump family crypto venture tapped as part of $2B Emirati-backed investment deal (2025-05-01)
- Trump's stablecoin chosen for $2 billion Abu Dhabi investment in Binance, co-founder says (2025-05-01)
- World Liberty's USD1 Will Integrate With Tron; WLFI's Witkoff Teases More Partnerships (2025-05-01)
- Trump family crypto venture tapped as part of 2B Emirati-backed investment deal (2025-05-01)
- Trump-Tied Stablecoin Used for MGX's 2 Billion Binance Deal (2025-05-01)
- World Liberty Financial's USD1 to close Binance's 2 billion MGX investment: report (2025-05-01)
- Warren, Merkley Seek World Liberty Financial Records on 2 Billion Trump Stablecoin Deal (2025-05-15)
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