CNBC
Trump admin eases export controls for UAE; Warren blasts 'corrupt' provision
Friday, July 10, 2026
The Commerce Department announced it will provide favorable review of exports involving MGX, a United Arab Emirates investment firm. MGX used a stablecoin linked to President Trump's family for a $2 billion Binance investment. Senator Elizabeth Warren responded to the policy change in a statement.
Original reporting: https://www.cnbc.com/2026/07/10/trump-uae-mgx-crypto-export-commerce-warren.html