Senator Elizabeth Warren is demanding answers from Commerce Secretary Howard Lutnick regarding the easing of export controls on advanced American AI technology for UAE firms. In January 2026, entities linked to Sheikh Tahnoon bin Zayed Al Nahyan acquired a 49% stake in World Liberty Financial for $500 million, with $187 million wired to Trump family entities. The Commerce Department relaxed restrictions on AI chips for MGX and G42 on July 10, shortly after the investment. Trump’s personal gains from this arrangement total $263 million, with overall crypto earnings reaching approximately $1.4 billion. Warren is seeking testimony from both Lutnick and Under Secretary Jeffrey Kessler over potential national security concerns.
Source: Read the original article
