At a Dubai conference, Trump’s conflicts take center stage
World Liberty Financial co-founder Zach Witkoff–who is also Steve Witkoff’s son–announced state-backed Emirati investment firm MGX would use Trump’s stablecoin, USD1, for a $2 billion transaction with Binance. Binance, a crypto-exchange platform, has been monitored by the US government since the firm admitted to violating federal money-laundering laws in 2023
Sources & Citations
[3]
Trump family crypto venture tapped as part of $2B Emirati-backed investment deal
· May 1, 2025
Tier 1
[4]
Trump's stablecoin chosen for $2 billion Abu Dhabi investment in Binance, co-founder says
· May 1, 2025
Tier 2
[5]
World Liberty's USD1 Will Integrate With Tron; WLFI's Witkoff Teases More Partnerships
· May 1, 2025
Tier 2
[6]
Trump family crypto venture tapped as part of 2B Emirati-backed investment deal
· May 1, 2025
Tier 1
[8]
World Liberty Financial's USD1 to close Binance's 2 billion MGX investment: report
· May 1, 2025
Tier 2
[9]
Warren, Merkley Seek World Liberty Financial Records on 2 Billion Trump Stablecoin Deal
· May 15, 2025
Tier 1
Tiers
Tier 1 court records & gov docs ·
Tier 2 established outlets ·
Tier 3 regional & specialty press ·
Tier 4 opinion or single-source.
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Cite this entry
The Cascade Ledger. “At a Dubai conference, Trump’s conflicts take center stage.” The Capture Cascade Timeline, May 1, 2025. https://capturecascade.org/event/2025-05-01--at-a-dubai-conference-trump-s-conflicts-take-center-stage/