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🏛️ Politics
US Eases Export Controls for UAE Firm MGX Linked to Trump Family Stablecoin
The US Commerce Department will favourably review export applications involving UAE firm MGX, which used a Trump family-linked stablecoin for a $2 billion investment in Binance. Senator Elizabeth Warren condemned the move as "corrupt," citing the conflict of interest between US trade policy and the Trump family's crypto business ties. The decision has intensified scrutiny of the administration's handling of crypto-linked foreign business relationships.
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