The Commerce Department is easing export controls on the United Arab Emirates and says it will “favorably review” semiconductor and server applications involving state-backed investment firm MGX. MGX used USD1, the stablecoin issued by the Trump family-affiliated World Liberty Financial, for its $2 billion investment in Binance. Sen. Elizabeth Warren blasted the decision and called for Commerce Secretary Howard Lutnick to testify about the rule and potential national security risks. President Donald Trump meets with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan during a visit to Qasr al Watan on May 15, 2025, in Abu Dhabi, United…