Headline: New York Times, 1/22/2026
Emmett Lindner reports:
Both Ellisons have connections to President Trump. Larry Ellison has frequently visited the White House and Mar-a-Lago. David Ellison recently sat with the president at an Ultimate Fighting Championship match and later spent $7.7 billion to buy the league’s broadcast rights.
[snip]
What’s notable: MGX has been involved in at least two deals involving Mr. Trump. Last year, a so-called stablecoin developed by the Trump family’s cryptocurrency firm, World Liberty Financial, was used to complete a transaction between MGX and Binance, the largest crypto exchange in the world.
MGX also helped finance a $100 billion initiative announced by Mr. Trump last January that is focused on building A.I. data centers. Oracle also participated. [emphasis added]
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