SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Demonstrators hold up mock cryptocurrency during the "America is Not for Sale" rally at the Trump National Golf Club on May 22, 2025 in Washington, DC.
(Photo by Jemal Countess/Getty Images for Public Citizen)
'Incredible Corruption': Blockbuster Report on Trump Crypto Grift Leaves Observers Stunned
"If this is true, this is the largest public corruption scandal in the history of the United States and it's not even close," said one critic.
Sep 15, 2025
The New York Times on Monday published a blockbuster report detailing how US President Donald Trump's administration gave the United Arab Emirates access to high-powered artificial intelligence chips just days after receiving a massive investment in Trump's cryptocurrency startup.
As the Times report documented, Sheikh Tahnoon bin Zayed Al Nahyan, a member of the United Arab Emirates' (UAE) ruling family, had one of his investment firms deposit $2 billion into World Liberty Financial, the startup founded by members of the Trump family and the family of Trump Middle East envoy Steve Witkoff.
Just two weeks later, wrote the Times, "the White House agreed to allow the UAE 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," despite national security concerns about these chips being shared with China.
The Times, which interviewed more than 75 people in its investigation of the deals, did not present direct evidence that the two deals were explicitly linked, and the White House denied any connection between the massive investment in the Trump family's crypto firm and the decision to grant UAE access to the chips.
However, the paper interviewed three ethics lawyers who said that "the back-to-back deals violate longstanding norms in the United States for political, diplomatic, and private dealmaking among senior officials and their children."
Other political observers were stunned by the Times' report.
"If this is true, this is the largest public corruption scandal in the history of the United States and it's not even close," commented Ryan Cummings, chief of staff at the Stanford Institute for Economic Policy Research.
US foreign policy journalist Laura Rozen questioned whether Witkoff's dealings with the UAE and other countries were impacting his ability to do his job in other areas.
"Maybe Witkoff is too busy pushing deals to enrich his and Trump’s families to focus on getting an Israel-Gaza hostage deal over the line, recognizing the Russians are not interested in ending the war on Ukraine, etc.," she speculated.
Alasdair Phillips-Robins, a fellow in the Technology and International Affairs Program at the Carnegie Endowment for International Peace, marveled at the reporting that Trump's negotiation team appeared to be willing to grant UAE access to the chips without forcing any major geopolitical tradeoffs.
"This sounds like the world's weakest negotiation: telling the UAE they'll get unlimited chips before they've agreed to a single concession in return," he wrote.
Independent journalist Jacob Silverman, who has written extensively on the politics of the US tech industry, remarked that the Trump administration's actions exposed in the Times report were "impeachable" and smacked of "incredible corruption."
In addition to his cryptocurrency-related dealings with UAE, Trump has also come under scrutiny for accepting a luxury jet from the government of Qatar that he plans to use for the remainder of his term in office and that will be given to his official presidential library after he leaves the White House.
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, The U.S. is on a fast track to authoritarianism like nothing I've ever seen. Meanwhile, corporate news outlets are utterly capitulating to Trump, twisting their coverage to avoid drawing his ire while lining up to stuff cash in his pockets. That's why I believe that Common Dreams is doing the best and most consequential reporting that we've ever done. Our small but mighty team is a progressive reporting powerhouse, covering the news every day that the corporate media never will. Our mission has always been simple: To inform. To inspire. And to ignite change for the common good. Now here's the key piece that I want all our readers to understand: None of this would be possible without your financial support. That's not just some fundraising cliche. It's the absolute and literal truth. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. Will you donate now to help power the nonprofit, independent reporting of Common Dreams? Thank you for being a vital member of our community. Together, we can keep independent journalism alive when it’s needed most. - Craig Brown, Co-founder |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
artificial intelligencebig techcryptocurrencysteve witkoffunited arab emiratesworld liberty financialdonald trump
The New York Times on Monday published a blockbuster report detailing how US President Donald Trump's administration gave the United Arab Emirates access to high-powered artificial intelligence chips just days after receiving a massive investment in Trump's cryptocurrency startup.
As the Times report documented, Sheikh Tahnoon bin Zayed Al Nahyan, a member of the United Arab Emirates' (UAE) ruling family, had one of his investment firms deposit $2 billion into World Liberty Financial, the startup founded by members of the Trump family and the family of Trump Middle East envoy Steve Witkoff.
Just two weeks later, wrote the Times, "the White House agreed to allow the UAE 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," despite national security concerns about these chips being shared with China.
The Times, which interviewed more than 75 people in its investigation of the deals, did not present direct evidence that the two deals were explicitly linked, and the White House denied any connection between the massive investment in the Trump family's crypto firm and the decision to grant UAE access to the chips.
However, the paper interviewed three ethics lawyers who said that "the back-to-back deals violate longstanding norms in the United States for political, diplomatic, and private dealmaking among senior officials and their children."
Other political observers were stunned by the Times' report.
"If this is true, this is the largest public corruption scandal in the history of the United States and it's not even close," commented Ryan Cummings, chief of staff at the Stanford Institute for Economic Policy Research.
US foreign policy journalist Laura Rozen questioned whether Witkoff's dealings with the UAE and other countries were impacting his ability to do his job in other areas.
"Maybe Witkoff is too busy pushing deals to enrich his and Trump’s families to focus on getting an Israel-Gaza hostage deal over the line, recognizing the Russians are not interested in ending the war on Ukraine, etc.," she speculated.
Alasdair Phillips-Robins, a fellow in the Technology and International Affairs Program at the Carnegie Endowment for International Peace, marveled at the reporting that Trump's negotiation team appeared to be willing to grant UAE access to the chips without forcing any major geopolitical tradeoffs.
"This sounds like the world's weakest negotiation: telling the UAE they'll get unlimited chips before they've agreed to a single concession in return," he wrote.
Independent journalist Jacob Silverman, who has written extensively on the politics of the US tech industry, remarked that the Trump administration's actions exposed in the Times report were "impeachable" and smacked of "incredible corruption."
In addition to his cryptocurrency-related dealings with UAE, Trump has also come under scrutiny for accepting a luxury jet from the government of Qatar that he plans to use for the remainder of his term in office and that will be given to his official presidential library after he leaves the White House.
From Your Site Articles
- The Mind-Boggling Corruption of Trump Inc. ›
- 'Greatest Corruption in Presidential History': Trump Family Reaps $5 Billion More in Crypto Profits ›
- Dear Media, Call It What It Is: Corruption ›
Related Articles Around the Web
The New York Times on Monday published a blockbuster report detailing how US President Donald Trump's administration gave the United Arab Emirates access to high-powered artificial intelligence chips just days after receiving a massive investment in Trump's cryptocurrency startup.
As the Times report documented, Sheikh Tahnoon bin Zayed Al Nahyan, a member of the United Arab Emirates' (UAE) ruling family, had one of his investment firms deposit $2 billion into World Liberty Financial, the startup founded by members of the Trump family and the family of Trump Middle East envoy Steve Witkoff.
Just two weeks later, wrote the Times, "the White House agreed to allow the UAE 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," despite national security concerns about these chips being shared with China.
The Times, which interviewed more than 75 people in its investigation of the deals, did not present direct evidence that the two deals were explicitly linked, and the White House denied any connection between the massive investment in the Trump family's crypto firm and the decision to grant UAE access to the chips.
However, the paper interviewed three ethics lawyers who said that "the back-to-back deals violate longstanding norms in the United States for political, diplomatic, and private dealmaking among senior officials and their children."
Other political observers were stunned by the Times' report.
"If this is true, this is the largest public corruption scandal in the history of the United States and it's not even close," commented Ryan Cummings, chief of staff at the Stanford Institute for Economic Policy Research.
US foreign policy journalist Laura Rozen questioned whether Witkoff's dealings with the UAE and other countries were impacting his ability to do his job in other areas.
"Maybe Witkoff is too busy pushing deals to enrich his and Trump’s families to focus on getting an Israel-Gaza hostage deal over the line, recognizing the Russians are not interested in ending the war on Ukraine, etc.," she speculated.
Alasdair Phillips-Robins, a fellow in the Technology and International Affairs Program at the Carnegie Endowment for International Peace, marveled at the reporting that Trump's negotiation team appeared to be willing to grant UAE access to the chips without forcing any major geopolitical tradeoffs.
"This sounds like the world's weakest negotiation: telling the UAE they'll get unlimited chips before they've agreed to a single concession in return," he wrote.
Independent journalist Jacob Silverman, who has written extensively on the politics of the US tech industry, remarked that the Trump administration's actions exposed in the Times report were "impeachable" and smacked of "incredible corruption."
In addition to his cryptocurrency-related dealings with UAE, Trump has also come under scrutiny for accepting a luxury jet from the government of Qatar that he plans to use for the remainder of his term in office and that will be given to his official presidential library after he leaves the White House.
From Your Site Articles
- The Mind-Boggling Corruption of Trump Inc. ›
- 'Greatest Corruption in Presidential History': Trump Family Reaps $5 Billion More in Crypto Profits ›
- Dear Media, Call It What It Is: Corruption ›
Related Articles Around the Web
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.