Eric Lipton
👤 PersonAppearances Over Time
Podcast Appearances
The idea of a strategic reserve is that the United States would collect a certain number of cryptocurrency tokens that are popular in the marketplace and And just hold them because it's a store of value. And just like you might collect foreign currencies and hold them because you want to invest in other foreign currencies.
The idea of a strategic reserve is that the United States would collect a certain number of cryptocurrency tokens that are popular in the marketplace and And just hold them because it's a store of value. And just like you might collect foreign currencies and hold them because you want to invest in other foreign currencies.
The idea of a strategic reserve is that the United States would collect a certain number of cryptocurrency tokens that are popular in the marketplace and And just hold them because it's a store of value. And just like you might collect foreign currencies and hold them because you want to invest in other foreign currencies.
So Trump announced earlier this year that he was going to create a strategic reserve of certain types of cryptocurrency. And the reason that it became a conflict of interest was that among the cryptocurrencies he mentioned when he did a social media posting was one called Ether.
So Trump announced earlier this year that he was going to create a strategic reserve of certain types of cryptocurrency. And the reason that it became a conflict of interest was that among the cryptocurrencies he mentioned when he did a social media posting was one called Ether.
So Trump announced earlier this year that he was going to create a strategic reserve of certain types of cryptocurrency. And the reason that it became a conflict of interest was that among the cryptocurrencies he mentioned when he did a social media posting was one called Ether.
And it turns out, of course, that his son's company, which he financially benefits from personally, World Liberty, had purchased tens of millions of dollars worth of Ether before Trump included that in his social media posting.
And it turns out, of course, that his son's company, which he financially benefits from personally, World Liberty, had purchased tens of millions of dollars worth of Ether before Trump included that in his social media posting.
And it turns out, of course, that his son's company, which he financially benefits from personally, World Liberty, had purchased tens of millions of dollars worth of Ether before Trump included that in his social media posting.
And as soon as he said, well, we're going to put Ether into the strategic reserve, Ether surged in value because, you know, oh, if they're going to put this type of crypto into the reserve, it must be worth more. So that was essentially he was basically writing himself a check because, of course, if you're going to mention one particular type of cryptocurrency, it's going to drive up its price.
And as soon as he said, well, we're going to put Ether into the strategic reserve, Ether surged in value because, you know, oh, if they're going to put this type of crypto into the reserve, it must be worth more. So that was essentially he was basically writing himself a check because, of course, if you're going to mention one particular type of cryptocurrency, it's going to drive up its price.
And as soon as he said, well, we're going to put Ether into the strategic reserve, Ether surged in value because, you know, oh, if they're going to put this type of crypto into the reserve, it must be worth more. So that was essentially he was basically writing himself a check because, of course, if you're going to mention one particular type of cryptocurrency, it's going to drive up its price.
And it did. Now, Ether has since dropped in value because there's a lot of other things happening in the global economy. But at least temporarily, Trump's announcement drove up an asset that his family had already invested in.
And it did. Now, Ether has since dropped in value because there's a lot of other things happening in the global economy. But at least temporarily, Trump's announcement drove up an asset that his family had already invested in.
And it did. Now, Ether has since dropped in value because there's a lot of other things happening in the global economy. But at least temporarily, Trump's announcement drove up an asset that his family had already invested in.
So World Liberty was effectively created in September, October of last year as the presidential election was coming towards a close. And it's a brand new company, therefore, I mean, relatively speaking. And its goal is pretty ambitious. I mean, it wants to be a modern day bank that offers a range of services. And it started off by selling tokens in which you could buy.
So World Liberty was effectively created in September, October of last year as the presidential election was coming towards a close. And it's a brand new company, therefore, I mean, relatively speaking. And its goal is pretty ambitious. I mean, it wants to be a modern day bank that offers a range of services. And it started off by selling tokens in which you could buy.
So World Liberty was effectively created in September, October of last year as the presidential election was coming towards a close. And it's a brand new company, therefore, I mean, relatively speaking. And its goal is pretty ambitious. I mean, it wants to be a modern day bank that offers a range of services. And it started off by selling tokens in which you could buy.
It's called a governance token, and you could buy the right to have some say in decisions that the company is making. So before the election, they had a really hard time selling those tokens because it was started off by Trump's sons and some of their friends who had some experience in the crypto sector. But there wasn't much motion behind it.
It's called a governance token, and you could buy the right to have some say in decisions that the company is making. So before the election, they had a really hard time selling those tokens because it was started off by Trump's sons and some of their friends who had some experience in the crypto sector. But there wasn't much motion behind it.