RUSH TRANSCRIPT Much Appreciate ░░░░░░░░ Caitlyn s guest on ░░░░░░░░ source s Mike Pence ░░░░░░░░ vice president that will ░░░░░░░░ at the top of ░░░░░░░░ hour Joining me now ░░░░░░░░ York Times investigative reporter ░░░░░░░░ Lipton who s on ░░░░░░░░ byline of their reporting ░░░░░░░░ norm eisen co founder ░░░░░░░░ executive chair of the ░░░░░░░░ defenders fund a nonprofit ░░░░░░░░ watchdog He s also ░░░░░░░░ former counsel to House ░░░░░░░░ and President Trump s ░░░░░░░░ impeachment is involved in ░░░░░░░░ lawsuits against the Trump ░░░░░░░░ including four filed today ░░░░░░░░ ve been busy Eric ░░░░░░░░ s start with you ░░░░░░░░ you just explain I ░░░░░░░░ you are reporting the ░░░░░░░░ has been remarkable on ░░░░░░░░ How much President Trump ░░░░░░░░ do we know is ░░░░░░░░ from these ventures specifically ░░░░░░░░ world Liberty financial the ░░░░░░░░ company that he and ░░░░░░░░ sons recently unveiled because ░░░░░░░░ got the fine print ░░░░░░░░ about 75 do we ░░░░░░░░ how much that actually ░░░░░░░░ the president Well the ░░░░░░░░ billion much of it ░░░░░░░░ going to go into ░░░░░░░░ term treasuries because the ░░░░░░░░ idea of a stablecoin ░░░░░░░░ is where that money ░░░░░░░░ going to go is ░░░░░░░░ you can assure the ░░░░░░░░ that it s going ░░░░░░░░ be a 1 to ░░░░░░░░ consistently So the way ░░░░░░░░ do that is put ░░░░░░░░ of that into short ░░░░░░░░ treasuries So 3 on ░░░░░░░░ million is already tens ░░░░░░░░ millions of dollars a ░░░░░░░░ in yield And that ░░░░░░░░ the interest that they ░░░░░░░░ going to earn on ░░░░░░░░ goes to world liberty ░░░░░░░░ And most of that ░░░░░░░░ going to go to ░░░░░░░░ Trump family and its ░░░░░░░░ business partners So that ░░░░░░░░ already tens of millions ░░░░░░░░ dollars that s going ░░░░░░░░ be produced just from ░░░░░░░░ 2 billion coming from ░░░░░░░░ know from abu dhabi ░░░░░░░░ and you know in ░░░░░░░░ meme coin which is ░░░░░░░░ of the two crypto ░░░░░░░░ there s at least ░░░░░░░░ than 100 million in ░░░░░░░░ fees that have been ░░░░░░░░ from the purchases and ░░░░░░░░ of the meme coin ░░░░░░░░ are essentially a collectible ░░░░░░░░ s centered around Donald ░░░░░░░░ himself On the around ░░░░░░░░ notion of fight fight ░░░░░░░░ That s the theme ░░░░░░░░ his meme coin So ░░░░░░░░ are two different businesses ░░░░░░░░ I saw Eric Trump ░░░░░░░░ the Trump doral resort ░░░░░░░░ few weeks ago and ░░░░░░░░ him about how the ░░░░░░░░ business is going He ░░░░░░░░ it s one of ░░░░░░░░ best businesses they ve ░░░░░░░░ started It s very ░░░░░░░░ s it s generating ░░░░░░░░ lot of revenue for ░░░░░░░░ family So even if ░░░░░░░░ re not selling their ░░░░░░░░ at this point which ░░░░░░░░ think there are some ░░░░░░░░ limits on when they ░░░░░░░░ hold a lot of ░░░░░░░░ of this meme coin ░░░░░░░░ then it s they ░░░░░░░░ to they have to ░░░░░░░░ a certain amount of ░░░░░░░░ to sell it They ░░░░░░░░ money every time it ░░░░░░░░ traded Yeah there s ░░░░░░░░ small transaction fee every ░░░░░░░░ someone is buying and ░░░░░░░░ it which they get ░░░░░░░░ cut of And so ░░░░░░░░ yeah they control 80 ░░░░░░░░ the meme coin they ░░░░░░░░ t yet sold any ░░░░░░░░ that meme coin And ░░░░░░░░ they were to sell ░░░░░░░░ large amount of it ░░░░░░░░ the price would crash ░░░░░░░░ on the on that ░░░░░░░░ that s for the ░░░░░░░░ coin operation One of ░░░░░░░░ of their crypto businesses ░░░░░░░░ second business they ve ░░░░░░░░ 550 million worth of ░░░░░░░░ tokens at world liberty ░░░░░░░░ And a certain amount ░░░░░░░░ those token revenues are ░░░░░░░░ to go to the ░░░░░░░░ family and its partners ░░░░░░░░ separate from that it ░░░░░░░░ it s quite complicated ░░░░░░░░ have this stablecoin that ░░░░░░░░ at least 2 billion ░░░░░░░░ transactions coming in and ░░░░░░░░ re going to generate ░░░░░░░░ on that 2 billion ░░░░░░░░ a lot of different ░░░░░░░░ they re making money ░░░░░░░░ they re making money ░░░░░░░░ makes the dollars that ░░░░░░░░ made at the Trump ░░░░░░░░ in D C seem ░░░░░░░░ trivial You know kind ░░░░░░░░ an almost an afterthought ░░░░░░░░ scale of the money ░░░░░░░░ here is is like ░░░░░░░░ larger norm I mean ░░░░░░░░ White House says there ░░░░░░░░ no conflict of interest ░░░░░░░░ there Like so many ░░░░░░░░ this White House says ░░░░░░░░ that s false There ░░░░░░░░ a massive conflict of ░░░░░░░░ here because first of ░░░░░░░░ you have the president ░░░░░░░░ charge of regulating this ░░░░░░░░ And while there is ░░░░░░░░ place for digital currency ░░░░░░░░ the financial marketplace Anderson ░░░░░░░░ know that this is ░░░░░░░░ currency that s used ░░░░░░░░ times for illicit purposes ░░░░░░░░ human trafficking money laundering ░░░░░░░░ things that this administration ░░░░░░░░ supposed to be against ░░░░░░░░ that the American people ░░░░░░░░ So if Donald Trump ░░░░░░░░ bringing down regulation on ░░░░░░░░ that creates a conflict ░░░░░░░░ interest with the American ░░░░░░░░ and and these policy ░░░░░░░░ But it doesn t ░░░░░░░░ there Then there s ░░░░░░░░ foreign governments Look at ░░░░░░░░ transactions with the uae ░░░░░░░░ s traveling there shortly ░░░░░░░░ do we know that ░░░░░░░░ massive transactions are not ░░░░░░░░ to influence the President ░░░░░░░░ that s a problem ░░░░░░░░ you roll it all ░░░░░░░░ Anderson It s a ░░░░░░░░ so serious that it ░░░░░░░░ the one conflicts rule ░░░░░░░░ was so important that ░░░░░░░░ Founders and framers put ░░░░░░░░ in the Constitution A ░░░░░░░░ is not supposed to ░░░░░░░░ getting anything of value ░░░░░░░░ a foreign government It ░░░░░░░░ called the emoluments clause ░░░░░░░░ I m old enough ░░░░░░░░ remember when billy when ░░░░░░░░ Jimmy Carter s brother ░░░░░░░░ billy beer and there ░░░░░░░░ a huge outcry over ░░░░░░░░ brother profiting off the ░░░░░░░░ I mean I don ░░░░░░░░ think billy beer really ░░░░░░░░ a big money maker ░░░░░░░░ the idea that he ░░░░░░░░ make money off the ░░░░░░░░ that seems I mean ░░░░░░░░ just seems ridiculous Now ░░░░░░░░ your piece today in ░░░░░░░░ times you focus on ░░░░░░░░ of the president s ░░░░░░░░ Donald Trump Jr And ░░░░░░░░ Trump they ve been ░░░░░░░░ the world the past ░░░░░░░░ weeks And what kind ░░░░░░░░ deals are they making ░░░░░░░░ s pretty extraordinary I ░░░░░░░░ we ve already talked ░░░░░░░░ the crypto businesses but ░░░░░░░░ s just a small ░░░░░░░░ of what s going ░░░░░░░░ You know Don Jr ░░░░░░░░ part is part owner ░░░░░░░░ a new club in ░░░░░░░░ C called the executive ░░░░░░░░ Not a coincidence It ░░░░░░░░ obviously named after the ░░░░░░░░ House 500 000 per ░░░░░░░░ It s effectively a ░░░░░░░░ a lago in D ░░░░░░░░ and you know there ░░░░░░░░ be you know there ░░░░░░░░ be political people there ░░░░░░░░ be lobbyists there will ░░░░░░░░ corporate executives there will ░░░░░░░░ crypto people There will ░░░░░░░░ members of the administration ░░░░░░░░ David sachs who is ░░░░░░░░ founding member of the ░░░░░░░░ That will be but ░░░░░░░░ will be no media ░░░░░░░░ no one from the ░░░░░░░░ that will be in ░░░░░░░░ at this new club ░░░░░░░░ and Donald Trump Jr ░░░░░░░░ a part owner of ░░░░░░░░ That s one of ░░░░░░░░ And then in Dubai ░░░░░░░░ s a new Trump ░░░░░░░░ hotel that they re ░░░░░░░░ They re opening another ░░░░░░░░ in Qatar there s ░░░░░░░░ one in elsewhere in ░░░░░░░░ oman I mean there ░░░░░░░░ six different deals that ░░░░░░░░ have struck recently with ░░░░░░░░ the Saudi based real ░░░░░░░░ company and another deal ░░░░░░░░ vietnam So the Trump ░░░░░░░░ has accelerated its dealmaking ░░░░░░░░ Don Jr Was traveling ░░░░░░░░ Europe for what he ░░░░░░░░ the Trump Trump vision ░░░░░░░░ business vision 2025 and ░░░░░░░░ speeches that he was ░░░░░░░░ He met with a ░░░░░░░░ executive whose company had ░░░░░░░░ sued by the sec ░░░░░░░░ paid a large fine ░░░░░░░░ left the United States ░░░░░░░░ He was paid to ░░░░░░░░ there as that executive ░░░░░░░░ we re returning to ░░░░░░░░ United States so they ░░░░░░░░ looking for opportunities to ░░░░░░░░ make money pretty much ░░░░░░░░ the world in the ░░░░░░░░ States and Europe and ░░░░░░░░ the Middle East Yeah ░░░░░░░░ s it‘s