Trump’s crypto windfall represents a mixing of personal and government interests at an unprecedented scale.

The administration has been working for months to find non-Chinese investors for a U.S. version of the app.

A lucrative transaction involving the Trump family’s cryptocurrency firm and an agreement giving the Emiratis access to A.I. chips were connected in ways that have not been previously reported.

The Persian Gulf nation has “open sourced” technology meant to compete with OpenAI and China’s DeepSeek.