Warren and Slotkin Seek IG Probe into UAE’s $2B Transfer to Trump Family Cryptocurrency Firm and U.S. AI Chip Deal

COINOTAG News on September 24 cites The New York Times reporting that Senators Elizabeth Warren and Elissa Slotkin have requested that the acting inspectors general at the Department of Commerce and the State Department, together with the government ethics office, initiate reviews of two multibillion-dollar transactions involving the United Arab Emirates. One transaction pertains to a U.S. plan to permit the UAE to import American-made artificial intelligence design chips, while the other concerns a UAE-supported entity transferring $2 billion to a cryptocurrency firm established by the Trump family and advisor Steve Witkoff, who held an official State Department role earlier this year. The senators describe the pattern as “extremely concerning” and have sought documentary evidence to evaluate potential ethical or governance breaches.

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