Warren questions U.S. AI chip policy toward the UAE, citing two investments totaling $2.5 billion tied to World Liberty.
TechFlame
2026-08-05 21:22
TechFlame2026-08-05 21:22
English
TechFlame News — U.S. Senator Elizabeth Warren has asked the Commerce Department to explain its policy toward the UAE after Washington granted the country broader access to AI chip exports, following investments by UAE-linked entities in World Liberty Financial, a crypto project backed by the Trump family.
In a letter to Commerce Secretary Howard Lutnick, it was noted that an Abu Dhabi-based entity invested $500 million in World Liberty Financial in January, and another UAE-affiliated company used World Liberty's USD1 stablecoin to complete a $2 billion investment in the crypto exchange Binance.
The Commerce Department had previously reclassified the UAE under Country Group A:5, giving it access to more export licenses without individual approvals, including advanced chips. The department also said it would "actively review" license applications for chip and server exports to MGX, the UAE entity that completed the $2 billion Binance investment.
Warren said the department's actions raise serious questions about whether the president's crypto business interests could influence agency operations and national security. In June, Warren and several other senators had already called for a hearing on the $500 million World Liberty Financial deal.