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The Trump family's cryptocurrency venture, World Liberty Financial, has sparked controversy following a $30 million investment from the Tron platform, linked to funding groups like Hamas and Hezbollah. Eric Trump lauded the UAE's blockchain leadership at the Bitcoin MENA conference, while concerns arise over potential conflicts of interest involving key figures like Steve Witkoff, recently appointed as special envoy to the Middle East. The situation poses a significant test for the Trump administration's commitment to responsible crypto regulation amid growing US-UAE partnerships in fintech.
At the Bitcoin MENA conference, Eric Trump highlighted the UAE's blockchain leadership while announcing a $30 million investment from Tron in World Liberty Financial, a venture linked to his family. However, concerns arise over Tron's alleged ties to terrorist financing, prompting scrutiny of potential conflicts of interest involving Steve Witkoff, a co-founder of World Liberty and incoming special envoy to the Middle East. As the US and UAE deepen digital finance cooperation, the administration's response to these ethical issues will be a critical test of its commitment to responsible crypto regulation.
The Bitcoin Conference will debut in the Middle East on December 9-10, 2024, at the ADNEC Centre in Abu Dhabi, featuring Eric Trump as the keynote speaker. This landmark event aims to explore Bitcoin's role in the region's evolving financial landscape, attracting industry leaders and innovators. Attendees will engage in discussions and connect with prominent figures, including Anthony Scaramucci and Saifedean Ammous, while experiencing a dynamic expo hall.
Yoni Assia
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trump family crypto venture raises ethical and geopolitical concerns in uae
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14:00 15.12.2024
trump linked crypto venture faces scrutiny over alleged terrorist financing connections
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00:21 13.12.2024
bitcoin conference to debut in abu dhabi featuring eric trump as speaker
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10:23 10.12.2024
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