Overview

• Letters sent on Sept. 23 ask inspectors general at Commerce and State, plus the Office of Government Ethics, to examine possible conflicts involving David Sacks and Steve Witkoff.
• The request follows reporting on two closely timed events in May: U.S. approval for exporting advanced AI chips to the UAE and a roughly $2 billion MGX–Binance transaction settled in World Liberty Financial’s USD1 stablecoin.
• The senators cite concerns that UAE ties to China elevate national‑security risks and question whether the officials’ private interests overlapped with policy decisions.
• The White House says no direct link exists between the deals and asserts that Sacks obtained an ethics waiver and that Witkoff has been working to divest, with officials cooperating with ethics staff.
• Coverage notes no evidence of an explicit quid pro quo, but Warren and Slotkin have warned they may withhold support for crypto legislation until IG reviews proceed.