First in The Vault: Sens. Jeff Merkley (D-Ore.) and Elizabeth Warren (D-Mass.) asked the U.S. Office of Government Ethics to investigate a billion-dollar deal between an Abu Dhabi-backed firm and the crypto exchange Binance that could score the family of President Donald Trump hundreds of millions of dollars.
The deal between Emirati investment firm MGX and Binance would invest more than $2 billion in the crypto exchange using “USD1,” a stablecoin project from the Trump family’s World Liberty Financial. News of the arrangement landed like an earthquake during Senate Democrats’ Thursday lunch last week.
