Eric Schmitt

I mean, the best example is Justin Sun, who has a company called Tron.

I mean, the best example is Justin Sun, who has a company called Tron.

Yeah, Justin Sun became a phenomenon when he's the guy that bought at an art auction a banana that had been taped to the wall for millions of dollars and then proceeded to eat the banana as a stunt.

Yeah, Justin Sun became a phenomenon when he's the guy that bought at an art auction a banana that had been taped to the wall for millions of dollars and then proceeded to eat the banana as a stunt.

Yes. He likes being in the limelight. In 2023, he was accused of violating United States securities law, and he was in the midst of a very intense battle to avoid being sanctioned by the United States government. Then Trump is reelected to a second term, and that's when Justin Sun decides to commit tens of millions of dollars to World Liberty Financial. He's purchased $75 million of the token. Hmm.

Yes. He likes being in the limelight. In 2023, he was accused of violating United States securities law, and he was in the midst of a very intense battle to avoid being sanctioned by the United States government. Then Trump is reelected to a second term, and that's when Justin Sun decides to commit tens of millions of dollars to World Liberty Financial. He's purchased $75 million of the token. Hmm.

And ultimately, after Trump is elected and appoints new leadership at the Securities and Exchange Commission, the United States government and Justin Sun's lawyers agree to put the case on hold. It hasn't yet been dropped, but essentially the investigation has been frozen.

And ultimately, after Trump is elected and appoints new leadership at the Securities and Exchange Commission, the United States government and Justin Sun's lawyers agree to put the case on hold. It hasn't yet been dropped, but essentially the investigation has been frozen.

I mean, if you look at the sequence of events, that's how it unfolds. Justin Sun is accused of wrongdoing. Justin Sun puts up tens of millions of dollars into a Trump family business venture, and then the investigation stops. Now, World Liberty Financial says that there have been no quid pro quos, no deals made here that if you buy in, we'll get you actions from the federal government.

I mean, if you look at the sequence of events, that's how it unfolds. Justin Sun is accused of wrongdoing. Justin Sun puts up tens of millions of dollars into a Trump family business venture, and then the investigation stops. Now, World Liberty Financial says that there have been no quid pro quos, no deals made here that if you buy in, we'll get you actions from the federal government.

But sequentially, that's what happened.

But sequentially, that's what happened.

One of the first things that World Liberty Financial does is with this $550 million that have come into their coffers through people buying their token is they take some of that money and they start buying other cryptocurrencies, tens of millions of dollars. They buy some Bitcoin. They buy another cryptocurrency called Ether.

One of the first things that World Liberty Financial does is with this $550 million that have come into their coffers through people buying their token is they take some of that money and they start buying other cryptocurrencies, tens of millions of dollars. They buy some Bitcoin. They buy another cryptocurrency called Ether.

They're creating their own mini reserve of like foreign currency reserves.

They're creating their own mini reserve of like foreign currency reserves.

That's right. But here's the problem. Shortly after they begin to build this inventory of all these other cryptocurrencies, President Trump announces that he wants to create a federal crypto reserve and that one of the cryptocurrencies that it's going to include is Ether. And the family company has already bought tens of millions of dollars of Ether.

That's right. But here's the problem. Shortly after they begin to build this inventory of all these other cryptocurrencies, President Trump announces that he wants to create a federal crypto reserve and that one of the cryptocurrencies that it's going to include is Ether. And the family company has already bought tens of millions of dollars of Ether.

And the moment that President Trump announces that Ether is going to be in that reserve, suddenly the price of Ether surges. And effectively, he's writing himself a check because he has a personal financial interest in it.

And the moment that President Trump announces that Ether is going to be in that reserve, suddenly the price of Ether surges. And effectively, he's writing himself a check because he has a personal financial interest in it.