Witkoff & Trump: Crypto Deal Blends Diplomatic Access with Financial Venture
World Liberty Financial, co-founded by Zach Witkoff, launched USD1 stablecoin and secured a $2 billion investment from MGX, an Abu Dhabi state-backed firm, utilizing diplomatic connections of Steve Witkoff and the Trump family. The deal raised significant ethical concerns, with U.S. Senators Warren and Merkley initiating a congressional investigation into potential conflicts of interest and constitutional violations.
Sources & Citations
[1]
Warren, Merkley Seek World Liberty Financial Records on $2 Billion Trump Stablecoin Deal
· May 5, 2025
Tier 1
[2]
Trump family crypto venture tapped as part of $2B Emirati-backed investment deal
· May 22, 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. “Witkoff & Trump: Crypto Deal Blends Diplomatic Access with Financial Venture.” The Capture Cascade Timeline, May 22, 2025. https://capturecascade.org/event/2025-05-22--the-father-pursues-trump-s-diplomatic-deals-the-son-chases-c/