According to CoinMeta, US Secretary of State Mike Pompeo stated on the 9th after attending a G7 foreign ministers' meeting in France that the United States and Israel are discussing a new memorandum of understanding regarding US military aid to Israel. He noted that US President Donald Trump believes Israel is "now sufficiently prosperous and wealthy" to purchase weapons from the US, and therefore "the US no longer needs to provide funding for them." Pompeo said that Trump hopes to implement the new memorandum of understanding as soon as possible.