00:00Mr. President, I urge the Senate to take up and pass SRES-598.
00:07Last May, President Trump announced a deal to greenlight several billion dollars worth of advanced AI chips to the United Arab Emirates.
00:17The deal alarmed national security officials.
00:20Why in the world was Donald Trump rolling back critical national security safeguards in order to hand over sophisticated U.S. technology to a country with a long history of helping China acquire sensitive chips that it needs for its military?
00:41Why in the world was Donald Trump trying to ship off our state-of-the-art chips to the UAE and China when American startups, American universities, and American small businesses needed them here at home?
00:58Well, now we know.
01:00Now we know that the UAE greased the skids months earlier when it secretly agreed to pour hundreds of millions of dollars into a Trump family crypto venture just four days before President Trump's inauguration.
01:18Now we know that a powerful Abu Dhabi royal known as Spyshaik signed a secret deal to pay half a billion dollars to take almost a majority stake in the Trump family's crypto company, World Liberty Financial.
01:38And just a few months later, the Trump administration and Secretary Howard Ludwig authorized the sale of advanced AI chips to the UAE.
01:49This was a victory for Abu Dhabi and the Spyshaik, who had been unsuccessfully trying for years to get their hands on those chips.
02:00Inside our own government, national security officials tried hard to stop this deal.
02:05They warned that handling advanced AI chips to the UAE would have serious national security consequences.
02:13Look, some of these chips would go to the G42, a UAE AI company that American national security officials have said could be a conduit for funneling technology to China.
02:28The CIA has reportedly warned about G42s working closely with blacklisted firms like Huawei that are tied to the Chinese military.
02:41And now President Trump is denying that he knew anything about the secret deal.
02:47Oh, please.
02:49You know, President Trump's own son signed the deal for half a billion dollars.
02:55An initial payment of $187 million was reportedly directed to flow to Trump family companies.
03:06Another initial payment of $31 million was reportedly directed to flow into entities connected to the family of Steve Witoff,
03:15Trump's golf buddy who had been named the U.S. special envoy to the Middle East.
03:21You know, here we are one year into Donald Trump's second term, and Trump has amassed more than $1.5 billion from his crypto ventures like World Liberty Financial.
03:37Trump is profiting off the presidency while American families are worrying about their jobs, the rising cost of groceries, and how they're going to pay their bills.
03:46Trump is profiting from decisions that make it easier for countries like China to get their hands on some of our most sensitive and advanced technologies.
03:58Congress needs to grow a spine.
04:01We cannot allow American national security simply to be sold to the highest bidder.
04:07The Senate must pass this resolution to condemn this corruption and call on Donald Trump to reverse his decision to allow the export of advanced AI chips to the UAE.
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