STUART VARNEY (HOST): The Trump household simply launched a model new cryptocurrency. It’s referred to as WLFI. Lauren, how a lot has the Trump household itself collected of this? How a lot?
LAUREN SIMONETTI (FOX BUSINESS REPORTER): Yeah, for World Liberty Monetary, and The Wall Avenue Journal says it is $5 billion. So, this coin, WLFI, is at present the thirty third largest coin by market cap, about $6 billion price, based on CoinGecko. The household holds a few quarter of the tokens on the market. They cannot promote them. However now that the token has launched on the general public markets, we have now a valuation for it. The Wall Avenue Journal says this token is the family’s most precious asset, exceeding their property portfolio.
VARNEY: However they cannot promote these tokens, cannot do it.
SIMONETTI: No.
VARNEY: Not but.
SIMONETTI: Not but. Appropriate, not but.
VARNEY: My goodness me. 5 billion {dollars}.
SIMONETTI: Eye-popping numbers. He’s the crypto president, the primary one ever. Quite a bit of crypto-friendly laws, regulation popping out.
VARNEY: What it quantities to is, it is crypto-friendly laws coming from the president of the USA, who’s in flip cashing in on the crypto section. Personally. His household.
SIMONETTI: Battle of curiosity.
VARNEY: Effectively, who is aware of?
SIMONETTI: They are saying no, however that is the way it seems.
