On the recordJune 11, 2025
here is an important thing for everybody to understand. When Eric Trump went 2 weeks before Donald Trump's trip and when he did that deal where a UAE-owned company put $2 billion into the Trump family stablecoin business, that was with a company called MGX. The chairman of that company is a member of the royal family. His name is Sheikh Tahnoun. He is also known as TBZ. He is a real entrepreneur, and he does look out for the interests of the UAE. So he does this deal with Eric Trump, but guess what else he is the chairman of. He is the chairman of G42, which is the, again, Emirati state-owned business that cut the AI deal with the Trump administration. So the guy who is the chairman of the company that put $2 billion into the Trump family stablecoin business is also the chairman of the company G42 that was the beneficiary of Donald Trump's giveaway of very sensitive U.S. AI technology. Now look, when it comes to Sheikh Tahnoun, you know, I have met him. He is a good businessman. He was looking out for the interests of the UAE when he got that deal when the U.S. Government will give the UAE all this AI technology. So he was looking out for the interests of the UAE. The problem is that it was President Trump who wasn't looking out for the interests of the United States of America.
Source
govinfo.gov




