‘Eye-Popping Number’: Fox Business Hosts Warn Trump’s Crypto Billions Look Like a ‘Conflict of Interest’

Fox Business hosts, on Tuesday, called out President Donald Trump and his family for being heavily invested in cryptocurrencies at the same time his administration pushes “crypto-friendly legislation,” as host Stuart Varney put it. Fox Business reporter Lauren Simonetti commented it appeared to be a clear “conflict of interest.”

Their comments came a day after the Trump family’s flagship token WLFI started trading.

Simonetti noted “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 do have a valuation for it.”

She then pointed to a Wall Street Journal report that said the Trump family’s cut of WLFI ran up to $6 billion soon after it started trading.

“My goodneess me!” Varney said when he heard that figure. He and Simonetti then clarified the Trump family can “not yet” sell its stake, but will be able to do so down the line.

Varney then took issue with Trump supporting legislation that would make it easier for Americans to include cryptocurrencies like bitcoin in their 401(k) plans, among other pro-crypto laws he has supported.

“What it amounts to is crypto-friendly legislation coming from the president of the United States. Who is in turn, cashing in from the crypto phase. Personally, his family,” Varney said.

“Conflict of interest. They say no, but that’s how it appears,” Simonetti responded.

Varney then appeared to say “That sounds true” right after.

You can watch that moment above, via Fox Business.