A firm from the Middle East is making a $2 billion investment using Trump's cryptocurrency

A $2 billion crypto deal by MGX uses Trump's World Liberty Financial.

: A $2 billion investment deal has been announced involving World Liberty Financial's new stablecoin USD1, MGX and Binance. This deal was revealed at Token2049 in the UAE by key figures including the Trump family. The deal highlights conflicts of interest involving political and business figures, raising concerns about regulatory scrutiny. Binance's past regulatory issues and associated political interventions are also noted, emphasizing ongoing investigation intricacies.

In a significant financial move, an investment firm named MGX, owned by the government of Abu Dhabi, announced a $2 billion transaction using a stablecoin from World Liberty Financial, a cryptocurrency venture backed by the Trump family. This transaction will occur with Binance, a well-known cryptocurrency exchange. The announcement was made at the Token2049 conference in the UAE, where influential figures like Eric Trump and Donald Trump Jr. took center stage alongside co-founder Zach Witkoff. Witkoff is notably linked to Steve Witkoff, currently serving as the US Special Envoy to the Middle East, indicating potential conflicts of interest.

MGX, established to fund AI ventures, plans to employ World Liberty Financial's USD1 stablecoin in this transaction. The firm is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, part of the UAE's ruling family and the nation's National Security Advisor. He was recently in the US to negotiate with President Trump, which unveils deeper layers of political and financial complexity.

The spotlight on Binance, a company under scrutiny since the SEC's 2023 allegations of misconduct, intensifies with these developments. In a twist, the SEC's legal actions against Binance stalled in February 2025 when Trump indicated a softer regulatory approach. This could be perceived as a political maneuver benefiting parties involved in cryptocurrency investments.

Additionally, the involvement of Justin Sun, founder of TRON—a crypto platform similarly flagged by the SEC—raises eyebrows. Sun appeared at the Token2049 announcement, echoing the intricate web of business and political energy surrounding the undertaking. His previous investment in World Liberty Financial ties him closely with ongoing transactions and regulatory concerns.

Overall, the $2 billion investment exemplifies a tension-filled blending of high-stakes finance, regulatory opportunities, and political influences. The Trump family's involvement, coupled with MGX's state-funded backing and Binance's clouded regulatory history, suggests a particularly risky alliance. The deal's structure and the political undertones suggest that, despite the amount at stake, the real investment is in navigating the intricate power dynamics inherent in the cryptocurrency sector.

Sources: Gizmodo, New York Times, Bloomberg, Reuters

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