Months After the United Arab Emirates Poured Billions into a Cryptocurrency Linked to Donald Trump's Family, the Investment May Be Poised to Pay Off

President Trump is considering a shift in U.S. policy that could grant the UAE access to advanced American-made semiconductors

Months after the United Arab Emirates poured billions into a cryptocurrency linked to Donald Trump's family, the investment may be paying off as the UAE appears close to securing a major U.S. chip deal, reports Bloomberg.

The report on Friday stated that President Trump is considering a shift in U.S. policy that could grant the UAE access to advanced American-made semiconductors.

Trump is expected to use an upcoming visit to the region to begin formal talks on revising the so-called "AI diffusion rule," which currently restricts chip exports to the UAE and dozens of other countries.

"The president plans to emphasize that the UAE is a natural American ally that's made major investments in the U.S.," said one official familiar with the discussions.

The Biden administration had imposed the restrictions, aiming to prevent sensitive technology from reaching adversaries such as China or being rerouted through intermediary nations.

However, the Trump administration is now examining ways to tailor the diffusion rule to suit specific allies, with the UAE being a primary focus.

The report comes after a recent Financial Times article highlighted the involvement of Trump's family in a cryptocurrency venture that has secured a significant investment from an Emirati state-owned fund.

According to the report by Financial Times, the startup, World Liberty, is selling a stablecoin called USD1, which is being used by MGX, an Emirati investment firm, for a $2 billion multi-operability transaction with Binance, the world's largest cryptocurrency exchange.

The startup, which is co-founded by Trump special envoy Steve Witkoff's son, Zach Witkoff, is funded by a Trump business entity that holds a 60 percent stake in the company.

The initiative is part of a broader branding effort by the Trump family in the region, where they are promoting their names and images on various products and services.

At a cryptocurrency conference in Dubai last week, Witkoff announced that USD1 had been selected by MGX for the transaction.

"We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX's $2 billion investment in Binance," he said.

The Trump family's venture is relatively small compared to the broader sums that the UAE is planning to invest in the U.S.

Earlier this year, the UAE national security adviser met with Trump and senior U.S. officials in Washington to press for relief from the curbs on advanced technologies, which are used in artificial intelligence and other critical domains.

After the meeting, the UAE unveiled plans to invest up to $1.4 trillion in the U.S. economy over the next decade, targeting sectors such as artificial intelligence, semiconductors, energy, and manufacturing.

The initiative, known as the "B.R.I.D.G.E. Program," aims to create joint ventures, direct investments, and large-scale government partnerships.

The move comes as the Biden administration is urging allies to contribute to a $37 billion fund for global chip production, with Japan and South Korea already pledging to participate.

The report also notes that Nvidia shares jumped more than 5 percent in New York trading following the report of a possible policy reversal by the Trump administration.

During the Token2049 conference in Dubai, where the announcement of the stablecoin was made, Eric Trump also spoke about the family's venture and their plans for the future.

"You're not going to be walking into the Four Seasons using USD1," Trump said, referring to the hotel chain.

"You're going to be walking into the Trump International Hotel and Tower," he added.

The startup, which began operations in 2024, promotes itself as a decentralized finance platform, with its stablecoin pegged to the U.S. dollar and backed by Treasuries and other cash equivalents.

Issued on Binance's blockchain, the coin has grown to $2.1 billion in circulation, according to CoinMarketCap.

Senator Elizabeth Warren and Representative Jake Auchincloss, both Democrats, had raised concerns about the Trump family's crypto venture earlier this year, warning of the risk of foreign influence.

The lawmakers wrote to federal regulators, urging them to investigate the matter and take appropriate action to mitigate the potential for abuse.

"This use of the President’s name and brand to promote cryptocurrency investments opens the door for foreign powers and other bad actors to funnel money into tokens designed to enrich President Trump and his family," the letter stated.

Their concerns stemmed from the creation of two distinct cryptocurrency tokens linked to the Trump family.

One token, named "Trump," was launched in early 2024 by a company called IMPULSIVE and is billed as a meme coin, drawing inspiration from the rapidly growing class of cryptocurrencies like Shiba Inu and Floki.

The other token, known as USD1, was co-founded by Trump special envoy Steve Witkoff's son, Zach Witkoff, and is being used by an