STUART VARNEY (HOST): The Trump family just launched a brand new cryptocurrency. It is called WLFI. Lauren, how much has the Trump family itself accumulated of this? How much?
LAUREN SIMONETTI (FOX BUSINESS REPORTER): Yeah, for World Liberty Financial, and The Wall Street Journal says it’s $5 billion. So, this coin, WLFI, is currently the 33rd largest coin by market cap, about $6 billion worth, according to CoinGecko. The family holds about a quarter of the tokens out there. They can’t sell them. But now that the token has launched on the public markets, we have a valuation for it. The Wall Street Journal says this token is the family’s most valuable asset, exceeding their property portfolio.
VARNEY: But they can’t sell those tokens, can’t do it.
SIMONETTI: No.
VARNEY: Not yet.
SIMONETTI: Not yet. Correct, not yet.
VARNEY: My goodness me. Five billion dollars.
SIMONETTI: Eye-popping numbers. He is the crypto president, the first one ever. A lot of crypto-friendly legislation, regulation coming out.
VARNEY: What it amounts to is, it’s crypto-friendly legislation coming from the president of the United States, who’s in turn cashing in on the crypto phase. Personally. His family.
SIMONETTI: Conflict of interest.
VARNEY: Well, who knows?
SIMONETTI: They say no, but that’s how it appears.