Senator Warren questions US AI chip policy after Trump crypto investment: Report
Sen. Elizabeth Warren asked the Commerce Department to explain its policy toward the UAE after two UAE-linked investments tied to President Trump’s family-backed crypto venture, World Liberty Financial. She questioned why the administration gave the UAE greater access to advanced AI chips after an Abu Dhabi-backed entity invested $500 million in World Liberty Financial and another UAE-linked company used World Liberty’s USD1 stablecoin in a $2 billion Binance deal. Warren warned that the department’s actions could suggest Trump’s crypto business interests are influencing government operations and national security policy. Her request follows the Commerce Department’s move to classify the UAE as Country Group A:5, allowing more license-free chip exports, and its pledge to favorably review chip and server licenses for MGX.
