Eric Lipton

for the first time, recognize the issuance of stable coins, which are a form of cryptocurrency, as legally part of the financial system in the United States.

for the first time, recognize the issuance of stable coins, which are a form of cryptocurrency, as legally part of the financial system in the United States.

As a security or just as a... As a form of currency, basically, as an alternative form of currency that in which you have a form of crypto that's worth a dollar consistently and it's backed up with treasuries and it's constantly worth a dollar. FDIC insured? It's not insured, but it would be recognized by the government and it would be regulated by the government.

As a security or just as a... As a form of currency, basically, as an alternative form of currency that in which you have a form of crypto that's worth a dollar consistently and it's backed up with treasuries and it's constantly worth a dollar. FDIC insured? It's not insured, but it would be recognized by the government and it would be regulated by the government.

But once that happens, while it does create a regulatory structure to some extent, you think the industry doesn't want that. But what the industry recognizes is as soon as that exists, then banks and other financial institutions will begin to embrace stable coins and they will really become almost a competitor of credit cards and financial cash.

But once that happens, while it does create a regulatory structure to some extent, you think the industry doesn't want that. But what the industry recognizes is as soon as that exists, then banks and other financial institutions will begin to embrace stable coins and they will really become almost a competitor of credit cards and financial cash.

And for the Trump family, they are the seventh largest stable coin issuer in the United States now. And so he is urging Congress to act. Wait, you issue stable coins? It doesn't have to be created through mining or anything? You just issue it? You issue it. And the Trump's got $2 billion worth of stable coin deposits from the government of UAE a few weeks ago, just before Trump flew over there.

And for the Trump family, they are the seventh largest stable coin issuer in the United States now. And so he is urging Congress to act. Wait, you issue stable coins? It doesn't have to be created through mining or anything? You just issue it? You issue it. And the Trump's got $2 billion worth of stable coin deposits from the government of UAE a few weeks ago, just before Trump flew over there.

And now, overnight, they became one of the world's largest issuers of stable coins. And Trump is urging Congress to act on this legislation, and he's going to sign it. But his family is already profiting, and he is profiting enormously off of the same industry that he is giving birth to as the top regulator. It's like we've never seen anything like that. That is such a blatant profit of interest.

And now, overnight, they became one of the world's largest issuers of stable coins. And Trump is urging Congress to act on this legislation, and he's going to sign it. But his family is already profiting, and he is profiting enormously off of the same industry that he is giving birth to as the top regulator. It's like we've never seen anything like that. That is such a blatant profit of interest.

I think you can answer that question by looking at the differences between the first term and the second term. And in the first term, the president and his family agreed to not do what they called new international deals. So they continued to run their real estate business. To avoid the conflict. Right. Right. And now we did all write about the Trump International Hotel in D.C.

I think you can answer that question by looking at the differences between the first term and the second term. And in the first term, the president and his family agreed to not do what they called new international deals. So they continued to run their real estate business. To avoid the conflict. Right. Right. And now we did all write about the Trump International Hotel in D.C.

and how it became a den of lobbyists and foreign diplomats that were buying, you know, $50 martinis or, you know, $100 Trump seafood towers at the Benjamin Bar and Mar-a-Lago.

and how it became a den of lobbyists and foreign diplomats that were buying, you know, $50 martinis or, you know, $100 Trump seafood towers at the Benjamin Bar and Mar-a-Lago.

Yeah. The Mar-a-Lago also became a magnet, and he tried to bring the G7 or the G20, I forget which, to Trump-Durell. But they were not, in fact, doing deals overseas, announcing new ones. Still small ball, right. But now, not only are they doing new international deals, but they're actually doing new international deals with foreign government entities.

Yeah. The Mar-a-Lago also became a magnet, and he tried to bring the G7 or the G20, I forget which, to Trump-Durell. But they were not, in fact, doing deals overseas, announcing new ones. Still small ball, right. But now, not only are they doing new international deals, but they're actually doing new international deals with foreign government entities.

So, you know, UAE is putting $2 billion into the World Liberty Financial, you know, in stable coins. Qatar, just a couple weeks ago, signed a deal to do a $5 billion real estate project that's going to have a Trump hotel. Oman has a project, it's leasing the land for another project that's going to have a Trump golf course.

So, you know, UAE is putting $2 billion into the World Liberty Financial, you know, in stable coins. Qatar, just a couple weeks ago, signed a deal to do a $5 billion real estate project that's going to have a Trump hotel. Oman has a project, it's leasing the land for another project that's going to have a Trump golf course.

Right. And Serbia at the site that NATO bombed during the Clinton administration to stop the Balkans war is now turning that same site over to Jared Kushner where there's going to be a Trump hotel. And Donald Trump Jr. was in Serbia and having dinner with the president of Serbia.

Right. And Serbia at the site that NATO bombed during the Clinton administration to stop the Balkans war is now turning that same site over to Jared Kushner where there's going to be a Trump hotel. And Donald Trump Jr. was in Serbia and having dinner with the president of Serbia.