The investment reinforces concerns about foreign influence, which originally stemmed from a major investment by MGX, a state-backed investment company from the United Arab Emirates, which boosted the market capitalization of the Trump family’s stablecoin by nearly $2 billion overnight.
This is where it gets interesting. Within months of the agreement, the Trump Administration made policy decisions that benefited the UAE, according to the letter. In May 2025, he approved a $1.4 billion arms sale to the country, despite congressional concerns about the flow of weapons to armed groups in Sudan, where more than 150,000 people have been killed.
That same month, the Treasury created a “known investor pilot” program to streamline investment approvals through CFIUS, a speedy process that the UAE had pushed for.
The Commerce Department also rescinded Biden-era chip export restrictions, allowing the United Arab Emirates to receive up to triple or quadruple the amount of advanced chips it previously could have imported. It authorized G42, a UAE artificial intelligence company chaired by Sheikh Tahnoon bin Zayed Al Nahyan, to receive 35,000 Nvidia Blackwell chips. The deal was worth more than $1 billion.
But US intelligence officials reportedly discovered that G42 provided US technology that was used to improve China’s missile capabilities. Although the G42 reportedly pledged to divest its holdings in China, reports suggest the company attempted to hide its ties to Beijing by moving its business holdings in China to a new investment firm.
