In September 2024, before the presidential elections, Donald Trump announced that his sons would enter the cryptocurrency marketfounding (along with others) a venture called World Liberty Financial. The company counts the president Donald Trump and his special envoy Steve Witkoff to the group of honorary/emeritus co-foundersand is managed by its founders, including: members of the Trump and Witkoff families.
World Liberty Financial is behind the USD1 cryptocurrency. This is the so-called stablecoin, which the value is pegged to the US dollar and is backed by short-term US government treasury bondsUS dollar deposits and other cash equivalents.
Donald Trump – Trump's artistic vision of cryptocurrency
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DIA TV / Shutterstock
The Trump family receives 75%. net income from token sales and part of the profits from stablecoins. Until December 2025 The Trumps earned $1 billion from the sale.simultaneously having unsold tokens worth $3 billion.
Steve Witkoff, Tahnoon bin Zayed Al Nahyan and Jared Kushner (Ivanka Trump's husband, Donald Trump's son-in-law) in a photo he posted on social media on October 22, 2025
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The Wall Street Journal
Billions of dollars of investment
As determined and described in a huge article by The Wall Street Journal, in May 2025 MGX, an Abu Dhabi-backed company led by Al Nahyan, announced it is committing $2 billion. in the form of USD1 stablecoin to finance transactions on the Binance cryptocurrency exchange. Additionally supported by Tahnoon, the company Aryam Investment for USD 500 million. bought 49 percent shares and got 2 seats on the supervisory board of World Liberty Financial. The deal would make Aryam World Liberty's largest shareholder and the company's only known investor, apart from its founders.
Scheme for purchasing shares in World Liberty Financial, Donald Trump's cryptocurrency company
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The Wall Street Journal
The contract assumes first transfer, $250 million: approximately $187 million to entities belonging to the Trump family$31 million to entities belonging to the Witkoff family and USD 31 million. to other entities.
Consent to purchase AI chips
According to the article, after the election of Donald Trump as president, a few days before his inauguration, the agreement with Aryam was signed by his son, Eric Trump. It happened when Tahnoon was seeking the opportunity to purchase advanced AI computing systems in the USAWhat previously, the Biden administration blocked them for fear of them reaching China.
Zach Witkoff and Eric Trump at a cryptocurrency conference in Dubai in May
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Altaf Qadri/Associated Press
A few months after the agreement between Tahnoon and World Liberty, The United States has agreed to allow the United Arab Emirates to purchase hundreds of thousands of advanced AI chips from an American chip manufacturer Nvidia. Additionally, the contract provided that One fifth of these chips will go straight to G42 Tahnoonwhich deals with artificial intelligence.
The Democratic Party's reaction
Understandably, the report has sparked a new wave of criticism of the Trump administration's actions and ties to the UAE and Tahnoon, with some members of Congress warning of potential conflicts of interest and corruption.
“This is corruption, plain and simple. The Trump administration must reverse its decision to sell sensitive AI chips to the United Arab Emirates,” said Sen. Elizabeth Warren, Democrat of Massachusetts, the top Democratic representative on the Senate Banking Committee. Warren called for testimony before Congress on mounting evidence that they “sold out American national security” to benefit the president's cryptocurrency company — and whether any officials lined their own pockets in the process.
Elizabeth Warren
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Getty Images (stock: 2d7e9a9e)
White House spokeswoman Anna Kelly said there was “no conflict of interest.” She added that Witkoff is working to “implement President Trump's goals of world peace.”
Trump's deputy attorney general, Todd Blanche, also defended the president. “I love it when these newspapers write about something that's unprecedented or has never happened before, as if the Biden family and the Biden administration weren't doing exactly the same thing and were just in office,” Blanche said, without providing evidence, of course. “This belief that something unexpected or unprecedented is happening is simply a story repeated and not true,” Blanche added.
Flying Palace from Qatar – the new Air Force One Tumpa
And he is right, because in Trump's case similar situations are not isolated and happen often. It is worth recalling, for example, that in May 2025 Donald Trump accepted a personalized Boeing 747-8 plane called the “flying palace” from Qatar, worth $400 million. The White House says that as long as Trump is president, the plane will be used as new Air Force Oneand after the end of the term will go to Trump's presidential library. There is a plane the most expensive gift from a foreign government in history for any US official.
Boeing 747-8 called the Flying Palace, which Donald Trump received from Qatar
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The Grants Pass Tribune
Legal experts reported that they believed that accepting the gift would violate the Emoluments Clause of the United States Constitution. However, when asked about the potential gift during the signing of the executive order, Trump said he would be “stupid” to refuse a free plane and announced that he would not use it after leaving office. “It's not a gift to me, it's a gift to the Department of Defense,” he said. The plane will enter service this summer.
