Eric Schmitt

Yes, in fact, this is in fact one of the most startling conflicts of interest that we have seen so far. Congress is considering legislation that would regulate stablecoins, and Trump is trying to press Congress to enact the legislation that would be beneficial to World Liberty Financial.

Yes, in fact, this is in fact one of the most startling conflicts of interest that we have seen so far. Congress is considering legislation that would regulate stablecoins, and Trump is trying to press Congress to enact the legislation that would be beneficial to World Liberty Financial.

That legislation will be a federal endorsement of stablecoins.

That legislation will be a federal endorsement of stablecoins.

It will be a federal recognition and endorsement of the stablecoin industry. And suddenly what you're going to see is that stable coins are going to become part of the whole financial marketplace. And they're going to start to become even rivals to banks. It's going to significantly increase the scale of this industry. And the Trump family is positioned to profit enormously from that.

It will be a federal recognition and endorsement of the stablecoin industry. And suddenly what you're going to see is that stable coins are going to become part of the whole financial marketplace. And they're going to start to become even rivals to banks. It's going to significantly increase the scale of this industry. And the Trump family is positioned to profit enormously from that.

And the president is prepared to sign that legislation that will then bring himself and his family enormous profits.

And the president is prepared to sign that legislation that will then bring himself and his family enormous profits.

That's right.

That's right.

The White House says to us that President Trump has no conflicts of interest because he turned over his financial assets to his sons and that his sons are running the business. That's not entirely true. What President Trump did in 2017 when he was first elected was that he transferred all of his assets to to the control of his sons, but President Trump himself is still the financial beneficiary.

The White House says to us that President Trump has no conflicts of interest because he turned over his financial assets to his sons and that his sons are running the business. That's not entirely true. What President Trump did in 2017 when he was first elected was that he transferred all of his assets to to the control of his sons, but President Trump himself is still the financial beneficiary.

So he still has a direct financial interest in all this, including in World Liberty Financial and the meme coin. But President Trump says there is no conflict of interest because he no longer runs the companies.

So he still has a direct financial interest in all this, including in World Liberty Financial and the meme coin. But President Trump says there is no conflict of interest because he no longer runs the companies.

Yeah, I mean, it's a good question. You know, most people aren't invested in crypto. But really, there's a lot of reasons here that this is a cause of concern. I mean, first of all, we're just used to having a nation where the commander in chief is pursuing the interests of the public and does not have personal financial interests that are potentially affecting the choices that he's making.

Yeah, I mean, it's a good question. You know, most people aren't invested in crypto. But really, there's a lot of reasons here that this is a cause of concern. I mean, first of all, we're just used to having a nation where the commander in chief is pursuing the interests of the public and does not have personal financial interests that are potentially affecting the choices that he's making.

And it may be, you know, influencing federal policy in ways that are more self-interested than in the public's interest. Beyond that, while crypto is still a pretty isolated part of the U.S. and global economy, the goal of World Liberty is to merge the crypto sector and the traditional banking sector.

And it may be, you know, influencing federal policy in ways that are more self-interested than in the public's interest. Beyond that, while crypto is still a pretty isolated part of the U.S. and global economy, the goal of World Liberty is to merge the crypto sector and the traditional banking sector.

And the Federal Reserve and the Treasury have both expressed concern about the volatility of cryptocurrency and how if there were to suddenly be a huge downturn in crypto, if these two sectors are intertwined, economy. That's a concern that we'll see how that plays out in the next several years.

And the Federal Reserve and the Treasury have both expressed concern about the volatility of cryptocurrency and how if there were to suddenly be a huge downturn in crypto, if these two sectors are intertwined, economy. That's a concern that we'll see how that plays out in the next several years.