Trump’s Crypto Advisor Discusses Digital Currency in UAE
Mitchell Nixon
Trump’s Crypto Advisor Engages UAE Leaders
Trump’s crypto advisor David Sacks has engaged in strategic discussions with senior United Arab Emirates officials, focusing on cutting-edge technologies and potential Emirati investments in American ventures.
Taking to X on 20th March, Sheikh Tahnoon Bin Zayed Al Nahyan, who serves as both the UAE’s national security adviser and is a sibling of the nation’s president, shared insights about his dialogue with Sacks. The conversation encompassed artificial intelligence developments, “the expanding role of digital currencies” and “the investment opportunities emerging at their convergence.”
Earlier that week, on 18th March, Sheikh Tahnoon attended a White House dinner hosted by US President Donald Trump. The following day, Trump shared on Truth Social that the gathering, which included senior American officials, explored “ways for our countries to increase our partnership for the advancing of our economic and technological futures.”
Whilst the complete scope of Sheikh Tahnoon’s various meetings remains confidential, Bloomberg’s 19th March report, citing sources close to the Trump meeting, indicated that discussions were expected to cover technological advancement, energy cooperation, and enhanced UAE investment in American enterprises.
Sheikh Tahnoon’s X account documented numerous high-profile engagements, including meetings with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, focusing on bilateral trade and investment opportunities. A virtual consultation with White House efficiency advisor Elon Musk addressed governmental systems optimisation.
His intensive schedule also featured discussions about artificial intelligence with prominent technology leaders, including Oracle’s co-founder Larry Ellison, BlackRock’s Larry Fink, Microsoft’s Satya Nadella, and Nvidia’s Jensen Huang.
According to Bloomberg’s reporting, Sheikh Tahnoon’s agenda included addressing the UAE’s access to semiconductor technology, following the Biden administration’s 2023 export restrictions, alongside proposals for developing technological infrastructure within American borders.
Sheikh Tahnoon’s $7 Billion Investment Plans for AI Data Centres
As chairman of the investment powerhouse MGX, Sheikh Tahnoon oversees an organisation reportedly preparing to commit $7 billion towards “Stargate” – a $500 billion private sector initiative to establish AI data centres across America, announced shortly after Trump’s return to office.
MGX, which recently made headlines with a $2 billion investment in Binance, represents just a fraction of Sheikh Tahnoon’s $1.5 trillion portfolio. His extensive financial influence extends across two UAE sovereign wealth funds, the nation’s premier financial institution – First Abu Dhabi Bank, and the artificial intelligence venture G42.
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