" The coin, which is meant to track the value of the US dollar, was developed by World Liberty Financial, a cryptocurrency venture that launched last autumn and is majority-owned by the Trump family.

President Trump is listed as the venture’s “chief crypto advocate”, while his sons Eric, Donald Jnr and Barron are also cited as “web3 ambassadors” on the company’s website.

It is run by Zach Witkoff, the son of the president’s Middle Eastern envoy, Steve Witkoff.

MGX said it would use World Liberty Financial’s token to invest in Binance, a cryptocurrency exchange whose founder was handed a four-month sentence for violations of US anti-money laundering and sanctions laws last year.

The announcement of the deal comes less than two weeks before President Trump is scheduled to make a state visit to the UAE, Qatar and Saudi Arabia."

Will Buffett respond if asked?

finance.yahoo.com - UAE funnels 2bn trump cryptocurrency