"In May, Mr. Witkoff's son Zach announced the first of the deals at a conference in Dubai. One of Sheikh Tahnoon's investment firms would deposit $2 billion into World Liberty Financial, a cryptocurrency start-up founded by the Witkoffs and Trumps. Two weeks later, the White House agreed to allow the U.A.E. access to hundreds of thousands of the world's most advanced and scarce computer chips, a crucial tool in the high-stakes race to dominate artificial intelligence."
"Over the past few months, Mr. Witkoff and Sheikh Tahnoon had become both diplomatic allies and business partners, testing the limits of ethics rules while enriching the president, his family, and his inner circle. At the heart of their relationship are two multibillion-dollar deals. One involved a crypto company founded by the Witkoff and the Trump families that benefited both financially."
Steve Witkoff met Sheikh Tahnoon bin Zayed Al Nahyan, who controls roughly $1.5 trillion of Emirati sovereign wealth. Witkoff and Sheikh Tahnoon became diplomatic allies and business partners, raising ethics concerns while financially benefiting the president, his family, and inner circle. The partnership centered on two multibillion-dollar deals: a $2 billion deposit by a Tahnoon-linked investment firm into World Liberty Financial, a crypto start-up founded by the Witkoffs and Trumps; and a White House decision two weeks later to allow U.A.E. access to hundreds of thousands of advanced, scarce computer chips destined largely for G42, a firm controlled by the Sheikh. No explicit quid pro quo was shown, but the timing and convergence of deals drew sharp scrutiny and allegations of corrupt influence.
Read at www.esquire.com
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