Witkoff & Trump: Crypto Deal Blends Diplomatic Access with Financial Venture

| Importance: 9/10 | Status: confirmed

World Liberty Financial, co-founded by Zach Witkoff, launched USD1 stablecoin and secured a $2 billion investment from MGX, an Abu Dhabi state-backed firm, utilizing diplomatic connections of Steve Witkoff and the Trump family. The deal raised significant ethical concerns, with U.S. Senators Warren and Merkley initiating a congressional investigation into potential conflicts of interest and constitutional violations.

Key Actors

Donald Trump Eric Trump Steve Witkoff Zach Witkoff Justin Sun Tahnoun bin Zayed Al Nahyan Elizabeth Warren Jeff Merkley

Tags

crypto foreign-influence government-contracts trump-family-business uae-investment congressional-investigation

Sources (3)

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