TechFlow News, February 2nd: According to a CoinDesk report, U.S. Senator Elizabeth Warren has called on Congress to hold hearings regarding a secret investment in Trump-linked cryptocurrency company WLFI by an entity backed by members of the UAE royal family. The deal—signed by Eric Trump—channeled $187 million to Trump family entities and at least $31 million to entities linked to Steve Witkoff, Trump’s Middle East envoy. Several months after this transaction, the Trump administration approved the sale of advanced U.S. AI chips to the UAE.
Senator Warren labeled the deal “blatant corruption,” demanding that the Trump administration rescind its decision to sell AI chips to the UAE and requiring relevant officials to testify before Congress about the matter. A White House spokesperson responded that the President was not involved in any commercial transactions that could affect his constitutional duties and that he has adhered to government ethics rules.
