Eric Lipton

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.

So they only sold tens of millions of dollars in tokens initially. But once Trump was elected, suddenly – you know, there's a thought, oh, it's going to be the future president of the United States. This is probably going to do well. He's going to have the power to influence policy. And next thing you know, they sell $550 million worth of tokens.

So they only sold tens of millions of dollars in tokens initially. But once Trump was elected, suddenly – you know, there's a thought, oh, it's going to be the future president of the United States. This is probably going to do well. He's going to have the power to influence policy. And next thing you know, they sell $550 million worth of tokens.

So they only sold tens of millions of dollars in tokens initially. But once Trump was elected, suddenly – you know, there's a thought, oh, it's going to be the future president of the United States. This is probably going to do well. He's going to have the power to influence policy. And next thing you know, they sell $550 million worth of tokens.

And a large chunk of the revenue from those tokens is supposed to be going to the Trump family and their business partners. So their services, their goals are to offer, you know, eventually offer the ability to deposit your crypto into World Liberty and to borrow money off of it or to earn yield on it or to use what they call the stable coins to buy and sell things.

And a large chunk of the revenue from those tokens is supposed to be going to the Trump family and their business partners. So their services, their goals are to offer, you know, eventually offer the ability to deposit your crypto into World Liberty and to borrow money off of it or to earn yield on it or to use what they call the stable coins to buy and sell things.

And a large chunk of the revenue from those tokens is supposed to be going to the Trump family and their business partners. So their services, their goals are to offer, you know, eventually offer the ability to deposit your crypto into World Liberty and to borrow money off of it or to earn yield on it or to use what they call the stable coins to buy and sell things.

I mean, it's essentially going to be a modern day bank. It's going to offer a range of services. That's their goal. So far, what they've done is to sell a governance token and a stable coin.

I mean, it's essentially going to be a modern day bank. It's going to offer a range of services. That's their goal. So far, what they've done is to sell a governance token and a stable coin.

I mean, it's essentially going to be a modern day bank. It's going to offer a range of services. That's their goal. So far, what they've done is to sell a governance token and a stable coin.

I mean, the White House has said to us the same statement each time we ask about this, that President Trump has no conflicts of interest because his sons are running this business and that he has divested of his interest to his sons of his corporations. And he did sign a statement in January of 2017 after his first term started in which he transferred control of his assets to his sons.

I mean, the White House has said to us the same statement each time we ask about this, that President Trump has no conflicts of interest because his sons are running this business and that he has divested of his interest to his sons of his corporations. And he did sign a statement in January of 2017 after his first term started in which he transferred control of his assets to his sons.

I mean, the White House has said to us the same statement each time we ask about this, that President Trump has no conflicts of interest because his sons are running this business and that he has divested of his interest to his sons of his corporations. And he did sign a statement in January of 2017 after his first term started in which he transferred control of his assets to his sons.

And that is true. But the issue is that Trump is still the financial beneficiary of these companies.

And that is true. But the issue is that Trump is still the financial beneficiary of these companies.

And that is true. But the issue is that Trump is still the financial beneficiary of these companies.

And so when he files his financial disclosure every year, as he's required to do under federal law, we can see that the same entities that are earning revenue from the crypto business or from the hotel business or the golf business or in the many businesses that he's in, that Trump himself is financially benefiting from them.

And so when he files his financial disclosure every year, as he's required to do under federal law, we can see that the same entities that are earning revenue from the crypto business or from the hotel business or the golf business or in the many businesses that he's in, that Trump himself is financially benefiting from them.

And so when he files his financial disclosure every year, as he's required to do under federal law, we can see that the same entities that are earning revenue from the crypto business or from the hotel business or the golf business or in the many businesses that he's in, that Trump himself is financially benefiting from them.

I mean, in fact, that is true. The President of the United States and the Vice President are the only two members of the executive branch that are exempt from a federal criminal law that makes it a crime to take an action that brings you or your family direct financial benefit. I mean, so that's a criminal offense.