Regulation & Policy

Trump Aides Face Ethics Probe Over UAE Crypto & AI Chip Deals

Trump Aides Face Ethics Probe Over UAE Crypto & AI Chip Deals

Democratic senators are pushing for a thorough investigation into potential ethics breaches by former Trump administration officials. This inquiry focuses on significant cryptocurrency deals and transactions involving advanced American-designed AI chips destined for the United Arab Emirates (UAE), which have sparked national security concerns. The move follows a revealing report by the New York Times, highlighting two multi-billion-dollar agreements with the UAE. These deals have raised significant questions, particularly regarding the U.S. decision to allow the Emirates to acquire sensitive AI chip technology despite worries about their close economic and strategic ties to China. The Core of the Controversy: UAE Deals and Crypto Interests At the forefront of this scrutiny are Senators Elizabeth Warren of Massachusetts and Elissa Slotkin of Michigan. They have formally requested inspectors general at both the Commerce and State Departments to meticulously examine the circumstances surro…

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