"The family solved the problem last year, The Wall Street Journal has discovered, by using the simplest solution that businesses can now employ for a policy obstacle: They seem to have made a deal with the Trump family. Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family sometimes called the "Spy Sheikh," purchased a 49 percent share in World Liberty Financial, the Trump family's crypto firm, thus sending $187 million to Trump-family-controlled entities."
"A sitting U.S. president shouldn't have a business partner. If he did, ideally, that partner would be a U.S. citizen and not an agent of a foreign government. But if the president is going to have a foreign operative as his business partner, ideally that partner would not have a nickname like the Spy Sheikh. President Trump has generally managed to confine the proliferating conflicts between his business dealings and the public interest to second-tier news stories."
Abu Dhabi's royal family arranged a financial transaction to obtain U.S. AI chips for its AI firm G42 after American concerns that the chips could be transferred to China. Sheikh Tahnoon bin Zayed Al Nahyan acquired a 49 percent stake in World Liberty Financial, a Trump-family crypto company, sending $187 million to Trump-controlled entities. Following that investment, the U.S. government under President Trump reversed prior policy and approved the AI-chip transfer. The arrangement raises serious conflict-of-interest and national-security concerns because a sitting U.S. president gained a business partner tied to a foreign government operative nicknamed the "Spy Sheikh."
Read at The Atlantic
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