"This summer, Steve Witkoff, President Trump's Middle East envoy, paid a visit to the coast of Sardinia, a stretch of the Mediterranean Sea crowded with super yachts. On one of those extravagant vessels, Mr. Witkoff sat down with a member of the ultrarich ruling family of the United Arab Emirates. He was meeting Sheikh Tahnoon bin Zayed Al Nahyan, a trim figure in dark glasses who controls $1.5 trillion of the Emiratis' sovereign wealth."
"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. The other involved a sale of valuable computer chips that benefited the Emirates economically. While there is no evidence that one deal was explicitly offered in return for the other, the confluence of the two agreements is itself extraordinary. Taken together, they blurred the lines between personal and government business"
"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."
Steve Witkoff, President Trump's Middle East envoy, met Sheikh Tahnoon bin Zayed Al Nahyan aboard a superyacht in Sardinia. Their relationship centered on two multibillion-dollar agreements. One deal involved a $2 billion deposit from a Sheikh Tahnoon investment firm into World Liberty Financial, a cryptocurrency start-up founded by the Witkoff and Trump families. The other deal involved U.S. approval for the U.A.E. to access hundreds of thousands of advanced computer chips, many destined for G42, a Sheikh Tahnoon-controlled technology firm. National security officials voiced concern the chips could be shared with China. The overlap of the deals blurred personal and government business.
Read at www.mediaite.com
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