UAE Investment Surge Fuels Trump Family Crypto & AI Gains
WASHINGTON D.C. – A renewed wave of investment from the United Arab Emirates (UAE) is considerably benefiting the Trump family’s financial interests, particularly in cryptocurrency and artificial intelligence, following the former president’s return to power. The influx coincides wiht a loosening of restrictions on the export of advanced American technology to the UAE,despite prior concerns from U.S. intelligence agencies about potential technology transfer to China.
The biden administration had previously limited partnerships with Abu Dhabi, citing reservations about exporting elegant technology due to the UAE’s ties with Beijing. Democratic officials feared China could gain access to U.S. data centers and accelerate its own AI development.However, sence January 20th, Trump has largely lifted these restrictions, reportedly influenced by advisors Steve Witkoff and David Sacks, who argued the U.S. must ensure countries like the UAE serve as “the piggy bank for American or Chinese AI?”
This shift is reflected in Trump’s summer AI plan, which aims to promote global adoption of semiconductors and computing infrastructure from Silicon Valley giants.In exchange for increased access to American chips, the UAE has pledged to invest hundreds of billions of dollars in the U.S. over the coming years.
Notably,MGX Capital invested $2 billion in Binance in May through the stablecoin of World Liberty Financial (WLF),a cryptocurrency company launched in October 2024 by Trump and his sons,alongside Zach Witkoff,son of Trump’s special envoy to the Middle East. This transaction alone is projected to generate tens of millions of dollars annually, adding to the revenue from the American president’s Memecoin, $Trump.
As of October 1st, approximately $2 billion of the trump family’s $7.7 billion net worth is tied to cryptocurrency activities, including WLF, $Trump, and american Bitcoin, a cryptocurrency mining company founded by two of Donald Trump’s sons. The financial ties between the Trump family and Tahnoun Ben Zayed Al Nahyane, head of the Emirati sovereign wealth fund adia (managing over $1 trillion in assets), predate the current administration and appear to be a key factor in the evolving relationship. The UAE’s AI calculation power is currently ranked second globally.
