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Live from Mar-A-Lago with President Donald Trump
Recorded: Sept. 16, 2024 Duration: 2:23:22Space Recording
Full Transcription
nothing discussed here today should be deemed technical, legal, financial, or any kind of
advice. You should always consult your own expert advisors if you're seeking any advice. To the
extent there are discussions about future plans, vision, and other forward-looking information,
it is always important to remember that all such forward-looking information and the future
generally is subject to change, risk, and uncertainties, which can change current plans
and expectations. Now hold on tight, and we'll be with you in a couple of minutes.
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I'll do it.
And we're immensely grateful for it.
And really, the fact that after all of this, you've chosen to proceed with this interview blows my mind.
It speaks volumes, Mr. President, and thank you for being here tonight.
Well, thank you very much.
Well, thank you very much.
And I appreciate the remarks.
It was quite something, but it worked out well.
And Secret Service did an excellent job.
And they have the man behind bars, but I appreciate you for allowing me to interview you and your wonderful Mar-a-Lago home, which is truly an honor.
And I'm very grateful for it.
And I'm very grateful for it.
Thank you very much.
So, Mr. President, I can say that myself, like I was saying, the crypto community, and millions of Americans are relieved that you're here with us today after the second attempt on your life at the Trump National Golf Club.
It's just horrifying.
Can you run us through what happened?
So, I was playing golf with some of my friends.
It was on a Sunday morning.
And very peaceful, very beautiful weather.
Everything was beautiful.
It was a nice place to be.
And all of a sudden, we heard shots being fired in the air.
And I guess probably four or five.
And it sounded like bullets, but what do I know about that?
But Secret Service knew immediately it was bullets.
And they grabbed me.
And I think probably the other one, Steve is one of the people, Steve Whitcoff, a great friend of mine, a great businessman from mostly New York and Florida, great businessman.
And more importantly, just a fantastic person.
So, we're in the group.
And everybody just, we got into the carts.
And we moved along pretty good.
I was with an agent.
And the agent did a fantastic job.
There was no question that we were off that course.
I would have loved to have sank that last putt.
But we decided, well, let's get out of here.
And what the gunfire was, actually, interestingly, was a Secret Service agent had seen a barrel of a AK-47, which is a very powerful gun, rifle.
And he started shooting at the barrel and started shooting in the bushes.
Wow.
Could only see the barrel.
How good is that, right?
Could only see the barrel.
Based on that, he started shooting and ran toward the target and was shooting a lot of, I mean, those were the shots we heard.
The other one never got a shot off.
And he ran across the street and grabbed his car, hopped into his truck or car.
And amazingly, a civilian in that area saw something, and it looked very suspicious.
And in the car, drove their car to the back of his truck of some kind and took pictures of the license plate, gave them to the sheriff's office.
Sheriff Bradshaw is fantastic, a great sheriff for a long time.
And within a fairly short period of time, they tracked him down on the highway.
It was a pretty high-speed chase.
And they ended up getting him.
They got him.
Wow.
Because you wouldn't want to have somebody like that out there.
You know, he dropped his gun, the AK-47.
He left his gun.
He left cameras behind, left a lot of things behind.
So the agent did a fantastic job.
The civilian did a phenomenal job.
A woman.
I mean, who would think you could take a thousand times like that?
How many people would have the brainpower to follow him and take pictures of the back of his truck so that they end up getting him?
And the key was the license.
So they got the license.
And after they had the license, you know, there's all sorts of technology where they can literally pinpoint where this truck is.
I never knew something like that existed.
And they pinpointed him on the highway.
They got him with a high-speed chase.
So they got him.
But it was amazing.
So Secret Service did a great job.
And I think I can say, honestly, the sheriff's office, law enforcement, everybody really did a great job.
Incredible.
I'm happy about that.
That's incredible to hear.
And backup question to that second fold is, you know, this was the second attempt in your life in under two months.
What do you make of that?
Well, there's a lot of rhetoric going on.
A lot of people think that the Democrats, when they talk about threat to democracy and all of this.
And it seems that both of these people were radical lefts.
The first one they should learn more about.
They have apps that they haven't opened yet, which is pretty strange.
And the father went out and got the biggest lawyer in the state of Pennsylvania, which is pretty strange.
The father of the shooter we're talking about in Butler, the first one.
And that's pretty strange.
There are a couple of pretty strange things going on there.
I can say this, the Secret Service was very brave in the sense that bullets were flying and they, when I went down, I purposely went down, I saw what was happening and people are probably screaming.
I'm not sure if I recognize that, but I went down and Secret Service, they were right there with bullets flying right at them.
And they weren't hit, but three other people were, Corey, a firefighter, two other gentlemen who they thought died.
And actually the doctors in Butler were unbelievable.
They saved their lives.
And we've actually raised a lot of money for the families and family of Corey and the two gentlemen.
And they both lived.
They thought they were dead.
The first thing I asked when I came up, I said, how many people are dead?
Because we had a massive crowd.
And with all those bullets flying, so three got hit, but there was a great display of brave, of bravery.
I mean, it was incredible.
Normally the crowd experts will tell you when they hear bullets, and we heard a lot of bullets going off.
Right.
A crowd would, this was a massive crowd.
You couldn't even see the end of it in a big field.
And that the crowd always runs.
They call it a stampede like cattle.
I mean, they stampede and a lot of people get killed when they stampede.
But they hear bullets, but nobody ran.
Nobody, you know, tens of thousands of people.
Nobody ran.
In fact, you can see it in the small group behind me.
There was a group of probably a couple of hundred people behind me.
And nobody ran.
In fact, they're standing up.
Some of them are standing up looking for the shooter.
The other one has to get credit to local law enforcement.
It was a gentleman that shimmied up to the roof, looked, saw the man with a gun,
and probably made him go faster than he would normally go.
And so he didn't exactly hit the target the way he wanted.
There's something going on.
I mean, perhaps it's God wanting me to be president to save this country.
Nobody knows.
But when I made the right turn, it's very unusual because the people weren't on the right.
The people were standing out in front of me.
When I turned my head at an exact 90-degree angle, the bullet came zooming by and clipped my ear.
And the reason so much blood, they told me at the hospital, I said, why so much?
The ear is the bloodiest part of the body because of cartilage.
He was giving me all the description.
I said, you don't have to tell me, but it was a mess.
But amazing bravery shown, amazing talent, like the doctor saving the two men that were hit.
They were hit really badly.
I won't tell you exactly what happened if they were hit badly.
And they both lived.
Corey didn't make it.
Corey was in bad shape.
We had a person from the National Guard, about 10 seats over from Corey, run to his aid.
And with all of, he was hitting the head, with all of that, was giving a mouth-to-mouth resuscitation because he was still alive.
Wow.
And people couldn't believe it.
They thought it was such an incredible act.
Who would do it?
It would, you know, just an amazing thing.
And we're going to take care of him, too, because it just, I mean, just the fact that he could do it.
And some other people.
So it was amazing bravery.
And there was a mistake made, a bad mistake.
That one building was unmanned on top.
And that was a mistake.
There's nothing you can say about it.
But it was, that was some, that was some crazy day.
And then yesterday you had another one with a different result, actually.
Much better result because we lost Corey and two gentlemen were very badly hurt.
But they're, they're in pretty good shape now.
A lot of talent.
Those local doctors up there had tremendous talent.
Love to hear that.
Well, this is more of a personal question.
Okay.
Just turned 30 last, last week.
We were just chit-chatting outside the room here.
Young entrepreneur, son, aspiring father one day.
You know, with all of your success, you have a wonderful family.
A couple of your sons are actually looking at us right now.
You have a wonderful business for yourself, a wonderful life for yourself.
You know, you could be on the golf course without worrying about gunmen coming at you.
But after multiple attempts at your life, you're still here.
You've already been president of the United States of America once.
You're about to be president of the United States of America again.
I hope so.
We hope so.
Why do you do this?
What motivates you?
So we have a country that's in trouble, a country that I love.
I love the people of this country.
People like Corey, who were just this massive Trump fan and he got hit.
But people like that, they're in love with the country and they hate seeing what's happened
to the country when you have 21 million people pouring in from all countries all over the
world, from prisons and jails, from mental institutions and insane asylums.
And, you know, they are different.
Even prisons and jails, they are different.
One's a little more severe than the next.
They're coming in as terrorists and they're coming into our country at levels that nobody's
ever seen and they're taking over our towns and they're taking over small cities and big
cities.
I mean, look at New York, look at Chicago, look at L.A.
Tens of thousands of these people and they're rough people in many cases.
I mean, they are rough, rough, tough people.
Venezuela gangs, if you look at Aurora in Colorado, you have a governor that doesn't know what he's
doing.
He's petrified to be there.
He doesn't know what to say.
I mean, they're literally taking over real estate.
They're becoming real estate developers in a much different way, right?
They're taking over buildings.
Everyone's afraid of them.
And they have the big AK, talking about AK-47s, that's what they have.
They carry massive guns.
You say, where would they get this kind of power?
And they're vicious people.
They're gang members from Venezuela, largely and known as being one of the roughest gangs
anywhere in the world.
You have MS-13, which is a bad gang, and you have these guys.
And we're going to clean them out.
We're going to get them out.
But the bottom line, just answer it quickly.
I love the country.
We're going to make America great again, and we'll be able to do it.
We did it once, and we'll do it again, and much easier this time.
The border is in much worse shape than it's ever been.
This is the worst border there's ever been in any country.
They have not done the job that they have to do.
I mean, you have Kamala.
She was the border czar.
I call her the comrade because she's a Marxist.
She wants to tax everybody out of business.
She wants to raise taxes to 70%, 80%.
She wants an unrealized capital gain tax, which is the craziest thing I've ever heard.
Nobody's ever even heard of such a thing.
And they'll put everybody out of business.
We'll end up in a depression if she gets in.
And very simply, though, we're going to make America great again, greater than ever before.
And I love doing it.
Being from Canada, I can probably relate to what that means.
A crypto entrepreneur based in Montreal here.
So it's not always the best feeling as someone who's trying to build something out of nothing here.
Speaking of which, I'm wondering now, I know this is quite different, right?
But I know many people in crypto feel this way as we're trying to change the financial system.
Quite literally, we're trying to change things and make a difference.
But it always feels like there's some sort of a force against us.
In your case, do you feel similarly that there's a force out there to get you?
Well, you have a radical left force.
And we have forces.
You know, I say that we have a lot of evil in the world.
The world is a nasty place.
You can see that with some of the things that have happened.
And we've been treated, I think, very unfairly.
But I've done so well.
It's, you know, it's an amazing country in some ways.
But we have evil forces.
You have the outside forces with the enemies.
And, you know, you call them Russia, China, various places.
I don't know that there are enemies.
I think we'll get along great with China.
I think we'll get along great with Russia.
I want to get Russia to settle up with Ukraine and stop this.
Millions of people being killed.
Far greater than the number you read about.
But I want to get that done before I even take office.
I want to get that done as president-elect.
Because it has to be solved.
Too many people dying.
Too many cities are just in rubble right now.
You look at the culture is just being destroyed.
We've got to get that done.
And I'll get it done.
There wouldn't have been an October 7th.
There wouldn't have been Russia attack in Ukraine.
There wouldn't be inflation.
All this inflation, which has hurt people so badly.
You wouldn't have had that horrible type of withdrawal.
We were getting out of Afghanistan, but with dignity and strength.
That was the most embarrassing moment in the history of our country.
And, frankly, Russia would have never gone into Ukraine if it weren't for that.
They looked at that and they said, this country is no longer run by Trump.
This country is run by stupid people.
And we have a great military.
You know, I took out ISIS in four weeks.
And everyone said it was going to take four or five years.
I took them out of our military is great, but you have to have the right leadership running it.
So the bottom line is that it can be nasty, but it's only going to get worse.
If I don't win, it's only going to get worse.
It's going to get really bad.
We'll end up being Venezuela on steroids.
We'll end up in 1929 type depressions.
And we have to make sure that this person doesn't get in.
This is far worse than Biden.
You know, that was a, if you think of it, that was an overthrow of a president.
That was, he won.
He had 14 million votes.
He had no votes.
Crazy Nancy Pelosi walked in and some of the others.
And they say, we want you out.
He said, I'm not going to get out.
I want to run.
I was leading him by a lot after the debate.
But still, he had the right to run.
And they literally, it was a coup in the truest sense.
This was the first coup of an American president.
And I think it's, you know, look, I don't say fair or not fair.
He was very nice today.
He called up to make sure I was okay, to make sure that, you know, do I have any suggestions or anything?
We do need more people on my detail because we have 50,000, 60,000 people showing up to events.
And, you know, other people don't have that.
But he couldn't have been nicer.
But I thought he was treated really unfairly.
He went through a primary system.
He won.
And then they throw him overboard.
And she got no votes.
You know, she got no votes.
But she'd be very bad for the country.
We have to save our country.
We can't play games.
And we can't have a Marxist, communist president because that's not what it's all about.
So we're going to do it.
And we're going to make our country greater than ever before.
And you're going to be happy.
And you're going to love your crypto.
And as long as you have crypto, you're happy.
So I know what makes you happy.
Nothing else but crypto.
Yeah.
I mean, you know, when the Twitter spaces was officially announced that you put the tweet out, a lot of people were like, well, who's this Farouk guy?
And obviously, you know, a lot of people started digging into this Farouk guy.
And, you know, the main reply that was that I'm just this crypto bro.
But you know what, Mr. President?
I am a proud crypto bro.
You know, and it seems like you're starting to become one of us, if not already.
I know for a fact that your children are quite involved in the space.
I mean, we have Barron, Don Jr., and Eric on the Twitter spaces right now.
Eric and Don Jr. here will be joining us a little later on this programming.
But, you know, getting to crypto now, because I already see the people on Twitter spaces really eager to hear you talk about this.
You know, at the recent Bitcoin conference, you mentioned that, and I quote, America should be the crypto capital of the world.
That was a big statement.
And I believe the correct one.
So why is it not right now?
Well, I think it will be right now.
Right now, you have a very hostile SEC.
The, I guess you'd have to say, I don't know, when you say administration, do you call it Biden or do you call it Harris?
Nobody really knows what to call it.
But maybe we'll say a combination of both.
But they've been very hostile toward crypto, toward all of it, and extremely hostile, like nobody can believe.
Nobody even understands why.
My attitude is different.
If we don't do it, China's going to do it.
China's doing it anyway.
They are.
But if we don't do it, we're not going to be the biggest, and we have to be the biggest and the best.
And, you know, when you look at values, and when you add it all up, the value of this whole thing is bigger than, they were showing me, the top 20 corporations and all of this.
The numbers are just gigantic.
It suffers from some credibility lapses.
I mean, some things were done or not done, but it's a growing, it's very young and very growing.
And if we don't do it, China's going to do it.
If we don't do it, other countries are going to do it.
A lot of countries would like to be in a position.
We have the advantage because it's us.
But you have a big advantage because it's me, because I do believe in it.
I also know a lot of friends that are really into it.
And my kids, I mean, Baron knows so much about this.
Eric, and he's, Baron's a young guy, but he knows, he talks about his wallet.
He's got four wallets or something.
And I'm saying, what is a wallet?
Explain this to me.
But he knows this inside out.
And Eric and Don know it so well.
They do.
And it's almost like younger people know it a lot better than older people.
But I have a lot of respect for them.
They've shown great judgment, all of them.
And I think you're onto something.
You're onto it a lot sooner than most people.
It's sort of like it's a fledgling business, and yet it's a massive business.
But it has a chance to really be something special.
And when I do things, I notice a lot of crypto comes in.
People pay with crypto.
Oh, yeah.
And you didn't see that even a year ago, two years ago.
So I think it's really, it's big, and yet it's a fledgling compared to what it will be.
And I love that you're mentioning your children and how Baron is using his wallet.
It's similar to me.
I'm trying to teach my mother how to use it.
I send her one ETH every Christmas, one ETH every birthday, and same for my little
Zoomer brother, who probably is in Baron's age category.
So has learning about crypto from your children had an impact on you?
Well, it makes it easier.
And it's sort of like a language.
You know, I have a beautiful granddaughter, Ivanka's daughter.
And she is Arabella.
She speaks perfect Chinese.
And their other two children, two great young boys, they spoke, they speak perfect Chinese.
They learned it when they were two or three or four from a nanny who was Chinese.
That's impressive.
And she was from China.
And she would teach Arabella.
When President Xi was here, President Xi couldn't believe it.
She walked up to him and had a perfect conversation.
And I said, so how did she do?
He said, as good as any 10-year-old girl in Beijing.
I remember that statement.
I mean, she speaks it perfectly.
But she learned it at a very young age.
Wow.
If you're going to learn, if it's China or Japan or any language, it's not that easy to do.
But as a child, it's almost like a natural.
So it's a little bit like that, I think, with crypto.
And I think crypto is a lot easier.
Right.
If you want to know.
But there is a learning curve.
And, yeah, my kids really understood it.
And they understood it pretty much right at the beginning.
Yeah, we were chatting with Eric in the back.
And I was like, whoa, okay, this is really awesome.
He knows.
We're about to hear all about your son's crypto endeavors and how much they know about it, which is really cool.
You know, I just came back from Asia.
I was at the Korea Blockchain Week and at WebEx in Japan.
And over there, at the moment, everybody's in Singapore tuning live to listen to us live on Spaces for Token 2049.
What's impressive in the East is that crypto is not the future.
It's the present.
Whereas when I come here in Canada and the North, it feels like I'm being taken aback.
So the question I have for you following up on what I was asking earlier is, why is it so important for America to lead in cryptocurrency adoption and innovation?
Well, it's crypto, it's AI, it's so many other things.
You know, AI, speaking of an interesting future, it needs tremendous electricity capability beyond anything I've ever heard.
It never made sense to me, but this is what it needs.
If you take all of the electricity coming out of the U.S., in order to have to be dominant in AI, you need twice that amount just for this one thing.
Who would think that you need twice the electricity we already have?
And you got to get started.
I mean, you have to be if you're the U.S., you have to get started.
You don't want to be left in the dust.
And China is already building electric plants and they want to build them for, you know, for the AI.
And it's very important.
But you need tremendous electric.
And in this country, because of our strong environmental impact statement problems that we have, you know, China doesn't have those problems.
They don't do them.
They just build.
They said, build over here, build over there with us.
You have to go through years, but I'll make it possible to create tremendous amounts of electricity very rapidly.
But people don't know that.
People don't know that you need double the electricity of what we already have.
So you want to get in, whether it's crypto or AI or other things that are coming along.
And it's part of the game.
We want to have a great country.
We want to want to stay at the top.
We're we're making things now.
We're starting and it started under my administration that there was no chance of ever even getting involved in for a long time.
We're leading the pack in so many ways.
One of the things I'm very proud of is Space Force.
We were getting lapped in space by China and by Russia.
And now we are the leader in space.
And I have to tell you, Elon is doing a fantastic job.
He's my friend.
He endorsed me for president like so strongly.
It was incredible.
But he is doing an amazing job with respect to space.
When you look up, I think somebody said he sends 90 percent of the rockets sent up throughout the world are his.
And you got to hand it to him or something.
He definitely is.
Wish he was here, but at least we're using his.
We'll get him.
We'll get him.
We're definitely using his platform to do so.
And I'm sure there's a reason for that.
So to create this future we're talking about, right?
Like there's a lot of, you know, American entrepreneurs, founders in crypto that need to sadly leave the country.
Because it feels like at times we're being treated like we're not really welcome to build companies here.
The CEO of our company over at Rug Radio was actually debanked earlier last year.
But we'll get into that later.
Do you think it's important for America to have a legal framework for crypto so that businesses can thrive and survive here?
I do.
And they should have certain safeguards, too.
You know, maybe somebody would say that's a bad thing to say.
But no, you know, it can't be totally freewheeling.
And they want, I spoke to some of the big crypto people, they want safeguards.
They want certain safeguards.
But it's a very hostile environment right now.
From what I understand, the SEC has been extremely hostile and really going after people.
And I think, frankly, since they heard I was involved, they've treated people much better.
Maybe they view it as votes.
Maybe they view it as votes.
But people that were under serious investigation for having done nothing wrong are all of a sudden not allowed to go free.
And I really believe that's because they see, you know, this is a very big market.
This is a very powerful market.
Yeah, very.
So I'm glad I helped if I helped.
I don't know, maybe I didn't.
But the SEC has been unbelievably hostile.
The one thing you know is that if for some reason bad, bad things happen and we don't win the election, those people that were under investigation and that are free as a bird right now and people that weren't being looked at in the crypto world, they will be living in hell because it'll start the day after the election if they win.
And I view it differently.
I mean, I just view it that we have to be the top no matter what we do.
Chips or anything else, we're really starting to go with the chips.
We have to be number one.
And I think AI is really important.
But I think crypto is one of those things we have to do.
Whether we like it or not, we have to do it.
So it's really, really cool to hear from you in person.
We've only heard it on TV, in newspaper, et cetera.
But it feels good to know that a presidential candidate and someone who is already president of United States of America feel this way about cryptocurrency.
I'm sure myself and a lot of people in the industry are relieved to hear that.
And I will see what the results are in November.
But on something a little lighter now, I remember the day your NFT collections came out.
That was super cool.
So I host a morning show called FOMO Hour with my friend OSF and Mando and Tyler.
And so we were live on air when the link dropped.
And so it was the very, very first collection.
There was a chance to have dinner with you.
And I remember just like scrambling to buy them.
We're staying live.
We stopped the show live on air to thousands of people like, no, we got to buy these.
We're going to buy these.
I got to spend 25K on this.
Let's go.
Let's do it, which is another cool thing about people in crypto, right?
Or there's crypto bros that they call.
And so we're trying to buy these things.
And it was just so electric and crazy that we actually failed.
But hey, I guess that's a good thing because the collection, you know, ended up selling out.
And then you ended up doing that three times over.
Can you tell us more about the success that you have had with NFTs?
But also, like, did that surprise you?
Well, I got in very late.
And NFT was considered cold.
I mean, to be honest, it was a cold industry.
It had its day a few years before, as you probably know.
But when I did it, I said, you know, what do we have to do with anything else?
And it's playing cards and some beautiful artwork and other things.
And we went out with 45,000 NFTs.
And it was amazing.
We thought it would take six months, maybe a year to sell.
It sold out.
I don't want to say, I don't want to get myself in trouble by saying exactly the first day, but pretty close to it.
It was like almost immediately.
It was quick.
Yeah.
I mean, we failed every transaction.
Right.
Almost immediately.
And then we did a second one, likewise.
And then we did a third one.
And then we just did a fourth one.
And I asked the people from the first three.
I said, well, do you want to have us do it?
Because, you know, they have certain, they have very big pride to start off with.
But I said, are you going to, if we do a fourth one, does that affect you and the ones you already own?
Because some people bought a lot of them.
Some people bought one.
And they're all very happy, really happy.
I said, does it affect you?
And everybody, it was like sort of a phone poll, you know, just like, and everybody wanted the fourth one, which surprised me because you would think they wouldn't want the fourth one because maybe it waters down their own, their own pieces that they have.
And they did.
They wanted it and they wanted it badly.
So we did a fourth and just did it recently.
And I think it's just about gone.
It's amazing.
And one of the things I know, the crypto played a big role because they paid.
Yeah.
It wasn't like we're not getting checks for the dollars.
We're getting crypto.
It's instant.
Instantly.
Yeah.
It's been.
And that taught me a little bit about what you love.
It taught me.
It taught me something that was it was incredible.
We did the NFTs.
It was so cool.
People said, don't do it.
Don't do it.
You're not going to.
I'm sure.
And we did it and it sold.
Literally, we had anywhere from six months to a year.
And I think we did it in a day or something.
It was that.
Right.
It was it was it was quick.
It was quick.
And you know what?
It was fun.
It was.
That's what it was.
It is fun.
It was a lot of fun.
So I'm aware that you probably have a million things to get to.
So I kind of want to finish off with a couple more questions for you, Mr. President.
So first and foremost, were the NFTs a big part of the story of your story of how you came to see the value in digital assets?
A little bit because so many people paid this way.
If they didn't, if they would have been paying in dollars, I would have said, you know, that's standard.
I would have assumed.
And I was blown away.
I just I wasn't overly interested in it, to be honest.
But I did ask, like, what percentage was was taken between Bitcoin and all of the other things.
But but with through crypto and it was a massive majority, a massive majority.
And I was a little surprised by that.
And that was a while ago now.
And it opened my eyes.
But I think my children opened my eyes more than anything else.
And and plus, I have a friend on my right who's a very smart guy.
And he's not quite as young as his fantastic son who we were dealing with, Alex and all of them.
But, you know, he he knows a lot about he knows a lot about this stuff for a man of his age.
He's still pretty young, but for a man of his age, Steve Whitcoff knows a lot about this.
He definitely does.
And he's on your right.
We're about to get to Steve Whitcoff.
And for everybody in the audience right now, if you're listening to his live, hang tight.
I have one more question for Mr. President.
And then we're going to be joined by Don Jr., Eric Trump and the World Liberty Financial teams and Corey and everybody, the advisors around us.
So we have quite the programming for you.
But Mr. President, one last question that you may or may not have answered with your last answer here is.
So if there was one thing that got you to see crypto differently.
What was it?
If it was what?
One thing that got you to see crypto differently.
What was it?
Well, maybe the NFTs.
You know, you sort of brought that up because I was surprised, again, at the percentage of of them that were sold through that through that form.
You could do a new form of currency.
You could call it anything you want.
But that was I think it was also the level of enthusiasm that my young sons have for this pretty young guys.
I mean, one's extremely young and two are pretty young.
Right.
But the level of enthusiasm they have for crypto.
Yeah.
And also, just to add a third element, I have a lot of friends, very smart people, some very smart people, and they're believers.
So it means something to me.
Well, I appreciate that.
And I appreciate you.
Everybody hang tight, please.
I will go to Mr. Wyckoff in a second, and we'll be joining by the next set of guests.
But, Mr. President, it's an honor.
Thank you for having me.
And honestly, the fact that you've done this the day after a second assassination attempt means the world to me.
Just a little 30-year-old boy from Montreal that, you know, started from just hosting Twitter Spaces and now hosting yourself.
So thank you for allowing me to do so.
Great job.
Great job.
Thank you very much.
Thank you very much.
Thank you, man.
You want to follow up?
Yeah.
Everybody hang tight.
We'll be right back.
And we are back over here.
That was quite a great interview with President Trump, wasn't it, everyone?
There you go.
We've got this room packed with people.
Everybody's still here.
Hang tight.
Don't leave.
Keep sharing.
I want to see those retweets because the state of the crypto address at Mar-a-Lago is still
on over here.
I have Steve Wyckoff on my right who has to run, you know, to Fox, right?
Is that where you're heading next, Hannity?
All right.
I got the opener for Hannity.
That's pretty cool.
That's not bad, right?
That's like opening for like Led Zeppelin or something.
I don't know.
So, Steve, I'm just going to go chat with you real quick and then we'll get to our other
guests.
First and foremost, you were with President Trump yesterday on the golf course as he was
trying to sink that last putt as President Trump was saying.
But how do you feel?
I feel blessed that I was out there because I got to see what he has to live his daily
life like.
Two assassination attempts in the last two months.
He's been conspired against.
He's been vilified.
He ought to be commended for his four years of public service as a president.
And I was glad I could be out there and see what it was about for him.
He was as courageous a man as I've, as I, he's as, he is as courageous a man as I've
ever seen.
He cared about his friends first.
He asked about his friends first.
And, uh, it was inspiring to watch him.
Yeah.
Thank you for, for, for the secret service.
I would echo what he said, right?
They were incredible.
They, they put their lives on the line for him.
Wow.
It's incredible that he's just back up today and just who he is.
He's, uh, he's resilient.
He's stoic.
And who wouldn't want those qualities in the leader?
He is a natural born leader.
So to go back now to what we're here to talk about, and we're going to get into the weeds
of it a little more.
So how did this collaboration happen?
I know it's an incredible story.
Could you walk me through it?
My son introduced me to, um, two partners, um, uh, chase hero and Zach Folkman who are exceptionally
bright people, they look a little different than us because they dress a little different
than us because that's the crap.
A few more tattoos.
I have one or two tattoos, but.
Oh, really?
Chase.
Yeah.
I have, uh, it's hard to see.
That's okay.
But I have a tattoo of my son who I lost, Andrew, both, both of my tattoos are of him.
I actually think he's the one who put me out with the president yesterday so I could witness
his courage and talk about him to the American public.
Um, but I was introduced to Chase and to Zach and there, I met traders from all over the
world and these guys are as smart as any currency traders I've ever met and they began talking
to me about decentralized finance, which means frictionless finance and why it made sense
for people and about the forgotten who can't, who can't get credit out there.
Credit is what drives the American economy.
And as, as I began to understand that, I said, who would understand this better than
the, than the Trump family?
And so we had a meeting initially with, um, Eric, Don Jr.
and the president and his council and we said, let's go pursue it.
We've been on it for close to nine months, spent a lot of time on diligence with really,
really good lawyers on how to, um, operate in the space.
Right.
And here we are today, the culmination of a, of a, you know, of a pretty robust effort.
So do you think that this could really change the way wealth is created in America?
I think, I think decentralized finance is the way of the future, right?
Uh, you know, if you think about the fact that if you want to borrow money today, you
have to be almost anointed.
You have to be a member of the privileged class.
I remember when I left law, I represented the president.
I wanted to be in business.
It was very, very hard to get credit and credit again is what, what drives us.
Crypto allows it to happen.
Decentralized finance as an application of crypto allows it to happen.
So, um, and we see as a business venture, a huge approachable class of people who have
been either debanked as you talked about, or they're just, they don't have a bank that
they can go to and they don't have a bank that will listen to them.
And so we look at it as, as a business venture and we say, we can democratize it.
We can be more egalitarian about it.
And at the same time, we can probably do very well in it because there is a large group of
people who can't gain, gain credit in the system.
And isn't that unfortunate that young people with great ideas, they can't prosecute those
ideas.
That's a terrible thing.
That's not a good thing.
That's not the American dream.
Well, thank you very much, uh, Mr. Wyckoff for being here with us today.
Really appreciate your insight.
Thank you so much.
We're, and so up next, of course, I mean, Don jr, if you want to, however you guys want
to, want to set up here, you know, we, we got a whole programming for y'all here.
So really hang tight.
We're filming the whole thing.
Everything's going to be, uh, broadcasted live, uh, a little later on, on, on video as
well.
Everybody's looking great, uh, over here.
That's most important, right?
As long as we look good.
I mean, I'm liking your hair, the flow.
It's, uh, it's pretty solid.
There was some polls going online, um, around like who's got better hair.
Would it be president Trump or myself?
I think your father has an incredible flow.
I have to give it to him.
And as, as a Trump who may or may not one day inherit the Trump hair genes, I don't,
I don't make fun.
I don't, uh, I don't mock it.
Cause you never know.
One day a good way.
So, so far I'm 46.
I'm doing pretty good on the hair department.
I'm an old man.
There's no chance.
Yeah.
Look at that white, that white in the beard, you know, still haven't had the white in the
hair and I'm not vain enough to dye it.
So we're, we're good so far.
Well, you're going to have to share your secrets with us maybe after the street, you know, because
I, I, I'm, I'm getting old.
My knees are hurting from being 30 years old.
It's rough.
It gets a lot worse, but I promise you.
Yeah.
Oh yeah.
Yeah.
Okay.
This thing I miss most about youth is just not waking up sore every day for no reason whatsoever.
It's, uh, oh my, anyway, so let's get, let's get right into this.
I mean, Don, you know, your traditional banking systems, you know, have not been working for
many Americans.
This is something that you speak about a lot.
It's something that Mr.
Witkoff talked about and that your father talks about and all of you at this stage, you
know, I talked earlier about how my company has been debanked, you know, my CEO has
been debanked and he's an American citizen from Texas, got a call one day and said, Hey,
come pick up your money and we're going to send it to you by the mail.
Here's a check.
Said, no, no, no, no, no, no.
I'm going to come pick it up.
To me, it was insane that this is even an option.
And we're talking about someone who has somewhat some money.
Right.
Um, and so I know your family is very familiar with, uh, with being debanked.
So how does, how does DeFi fix these problems?
Well, listen, I mean, I think, you know, I was probably a late adapter into some of, you
know, these technologies in the sense that, you know, I was a traditional real estate
guy.
We were bricks and mortar.
And, you know, there was a time period where, you know, the Trumps, we could have picked up
the phone and called any CEO of any bank and gotten a loan from anyone in the world on
any project and, you know, low LTVs and everything like that.
Uh, then we got into the political arena and like that, it was turned off.
I mean, it, it wasn't that we didn't have incredible balance sheets.
It wasn't that we didn't have, you know, the reserves.
I mean, uh, you know, I've had it for some of my personal businesses.
Same story as your, your partner.
I mean, you know, I had an operating business with a partner and he calls me one morning.
Uh, it happened to be the day of like CPAC, you know, two years ago.
And, uh, he calls me, he's like, uh, our operating account has
no money in it.
I think we got hacked.
Like, what do you mean we got hacked?
It's like, it was PNC bank.
I mean, this is a major bank and whatever it is, this is a legit business.
We, you know, small business is a little media company just to sort of aggregate news that
was not being shown to people otherwise.
And he calls bank, like, listen, I think we got hacked.
Oh no, you weren't hacked.
We just don't want to do business with you.
They didn't, they, they, they broke us up, broke up with us by mail.
They didn't even call us.
Like we didn't even get the call.
They just like, Oh yeah, there's a cashier's check.
You'll have it in the mail in a couple of days.
We got an operating business.
We got payroll.
We got, like, what are you talking about?
So, you know, we went from being able to pick up the phone to anyone to having the same
thing happen.
We've had family members that have had, you know, seven figure accounts with specific
banks be like, well, I just want to use some of that money to get a home loan for this.
Will you write the rest of the loan?
No, that's too risky for us.
It's like, we have more money in the account than the value of the home.
What are you talking about?
It's too risky.
Obviously.
You know, so, you know, it's interesting because we went from being sort of, you know, people
that would have been, you know, the elite in that world to just being like totally canceled.
And it changed our perspective so much.
I think we understand what so many Americans are going through.
And when you really look at America and our foundation, the way our founding fathers set
everything up, you know, I think DeFi would be what they would envision, not, you know,
a broken bureaucratized system where, you know, a bunch of middlemen are getting pieces and
vigs for doing nothing, for pushing paper, which creates not just sort of a lot of waste
and inefficiency, but, you know, really has become a politicized process.
And we see that.
And again, that only goes one way.
You know, you can say that I'm, you know, this incredible radical, you know, I get called
that all the time.
I mean, I don't know, I went to the Wharton School of Finance.
I have a pretty good finance background.
We built and changed the skyline of New York as a family and some cities in the world.
You know, I think the first time I got invited back to speak at Wharton was, I was like 28
years old.
I didn't know anything probably by then.
I still didn't know anything.
I'll say that for the record.
But like, you know, I think we've learned a lot since then.
And now, you know, that same access isn't available to us.
So for me, and so much of what we've done, and really so much of what's been, you know,
a part of our political journey is that, you know, creating actual fairness in these systems
that have been, you know, truly bastardized and politicized.
I mean, we witnessed it firsthand because it's like you had whatever you wanted and that
was just ripped away from us in an instant.
And, you know, we're a family.
We're blessed to have the means to be able to do a lot of things.
We're blessed to be able to have, you know, for someone who doesn't have that power or
the soapbox or the balance sheet.
What do they do?
How do they, you know, how do they finance it?
And so it's a real problem that needed to be addressed.
And honestly, I think this is the way.
This is the way of the future.
This is the way to eliminate that efficiency.
You know, a lot of it being peer-to-peer and not going through the usual bureaucratized
system.
So I think everything that's been talked about right now is so important.
But like for me, this is about like how we save so much of what I believe our founding
fathers really intended for our country.
So I was going to ask you something that you answered.
I was going to ask you, has banking become political in the USA?
Clearly, it seems that you seem to think it did.
Oh, I mean, like not that, not seems.
It is.
It is.
It has become politicized.
You can look at that, whether it's, you know, spreads, whether it's rates, you know,
who can get what, you know, that's been going on for a long time.
And, you know, it's, it's, it's sad and it's disgusting.
So I was going to ask you if it affects the everyday American, which you did, you get into
already.
So then the question is, if this all affects the everyday American,
to me, cryptocurrency is freedom.
Yeah.
This is why I do what I do.
Correct.
I own my money on my ledger.
Nobody can take it away from me.
Correct.
So how does DeFi help the everyday American?
Well, listen, I think it takes, you know, that political, you know, component out of it.
I mean, and you see that, right?
I mean, if you look at, you know, the leading edge of Silicon Valley and the people doing
these things, these are longtime Democrat donors that have come over and flipped sides
because the Democrat party itself isn't willing to give up the power and that control that
they want over everyone's balance sheet, over their banking, over these systems.
They see crypto as a threat, you know, to the political power that they've built.
And I mean, that's why, you know, again, not necessarily, I'm not talking about the
minions, you know what I mean?
They all work there.
They're going to be woke and whatever that is.
But if you look at a lot of the leaders in Silicon Valley, whether it's VC or otherwise,
they're flipping sides because they understand that they are for that freedom.
That freedom has allowed them to live that American dream.
That's allowed them to do these things.
And I think that's a real threat politically from the other side right now.
And so it's been interesting to watch that transformation.
But I think, you know, this ability for everyone to have that, you know, clean start, no politicization,
I think that's everything.
And I can say that as someone who's been, you know, still blessed, but still incredibly
impacted.
I can only imagine how much more difficult it is for someone that doesn't have sort of,
let's call it the natural head start that we have, having worked as a family business
for 40 something years.
Right.
So I know many people in crypto, right, who may not have supported your father before
that have flipped camp, right?
And, you know, realize, recognize the benefits of his leadership now.
And maybe that'll even change after tonight's address, especially with his strong stance
on crypto, which is quite positive.
What do you think this is happening now?
And what message do you have for people who weren't in your camp before, but might be
considering joining it because of how open you are to tech and innovation?
Well, listen, I think the fact speaks for themselves, right?
If you're looking at it just purely from a political standpoint, I mean, you know, the
Republican Party, the conservative side of things are clearly the people that are okay
with said freedom, right?
The other side of, you know, and I don't want to make it just political because it's not,
I mean, it's really, it's finance, but ultimately, you know, your balance sheet, your ability
to transact in these things, you know, will be affected by politics, right?
One side is the side of censorship.
They're the side that wants to jail their political opponents.
They want to over-regulate everything so much that you actually eliminate so many of
the natural and great things that people love about crypto.
I do think, as to what my father was saying earlier, people want a framework.
They want some regulation.
We've been on this journey now for nine months-ish, you know, and, you know, we can talk to a
lawyer and be like, hey, this is the trend.
Well, we don't know.
Is it this or is it that?
What's the safe bet?
And there's still a lot of ambiguity out there.
I think people do need an understanding and a framework, but they don't want such a framework
that it's so over-regulated, so over-controlled that you actually just end up in, you know,
a digitized version of what we have today with all of the problems, all of the bureaucracy,
all of the waste, and all of the inefficiency.
And so, you know, I think, you know, if you're thinking about these things, if you're thinking
about your financial security and that ability to transact freely, like, honestly, is that
even, it's not, it's sort of a no-brainer at this point.
I mean, you know, people are not, they're not hiding their thoughts that, you know, I
get it.
It's probably that people are going to tell you what they want to hear right now to get
elected and they'll have changed.
We've seen a long history of that, but, you know, they're basically saying the quiet parts
loud as it relates to over-regulation.
You saw what my father did in his first administration as it relates to cutting regulation, the excess
of bureaucracy, eliminating a lot of that red tape.
It's not to say, I think everyone actually wants some structure.
Yeah.
Just not so much structure that it negates everything we're trying to accomplish.
I mean, any structure will help.
And it's coming.
Yeah, no, you need it.
Like, we're doing this at a high level with some of the highest priced lawyers in the world
and it's still like, there's still ambiguity and you're still dealing with, well, we're
not really sure.
One lawyer tells you one thing, one lawyer tells you another thing, you know, and it's not
their fault.
They just don't know better because they're not being given the legal framework, right?
So speaking of framework and, you know, speaking of DeFi, you know, we were just speaking to
your father, Zach, who's obviously a real estate tycoon and someone who, you know, has
moved, you know, enormous markets here in Florida, in New York, et cetera, and is now
extremely interested in the world of DeFi, et cetera.
And he gave you all the credits, actually.
I don't know if you were in the room, but he gave you all the kudos.
You and your brother are saying that you really got him involved in this space, right?
That's kind.
Right.
So Zach, like, tell me, like, what do you think, you know, about moving real world assets
like real estate on chain?
And then tell me more about like the problems, you know, with mortgages and stuff and how
like DeFi specifically solves this and why I'm asking this, obviously tied into the project.
Yeah, that's a great question, Farouk.
A lot to chew off there, but I'll touch on a couple of key topics.
First one being transparency, you know, blockchain technology records every transaction on an
immutable ledger.
And the best real life example I can really come up with this is as it relates to the bond
markets, specifically in 08, where you basically saw all the big banks take all of these junk
bonds, package them with AAA rated bonds.
And none of the investors had any clue what they were buying.
Why?
Because it was really hard to trace.
And there were some really smart guys like Michael Berry and John Paulson who figured it
out and made an absolute fortune on it.
But the average guy got absolutely screwed.
And what the blockchain would do if you if you integrated blockchain technology into the
bond market, for instance, you would be able to see all of these transactions on the
blockchain.
You'd be able to see that they're junk bonds very clearly and you'd be able to see that
the bank actually moved them from these junk portfolios into these new portfolios because
all of those transactions are publicly recorded.
So that's one area where I think, you know, you can make a real difference with blockchain
technology.
Another one I'll say as it relates specifically to DeFi is automation through smart contracts.
Right.
We've all gotten mortgages before, you know, Don and his family, they they've gotten some
pretty big mortgages, I'd say.
It's gotten a lot harder.
It's gotten a lot harder.
But let me ask you this.
Even when it wasn't hard, how long did it take you to get a mortgage?
How much?
Insane.
And the reality also, the points in and out to deal with people who are really not all
that impressive that we're adding not really a lot of value.
Also just incredibly wasteful.
I mean, you know, three, four points in and out of a deal.
It's like it's it's not, you know, on a billion dollar more for what it for a couple of guys
to push some paperwork around.
I mean, it's truly insane.
And eliminating that waste is like I just take personal joy actually in in in the ability
to actually take on some of those systems because I'm the guy that had to deal with
those guys.
I'm the guy that was, you know, when I was a young kid and I was still sitting there
on an Excel spreadsheet back when, you know, like in my early 20s was like I'm the guy
giving some bureaucrat a bunch of nonsense that they're just filing away and they're just
checking another box and it's points in and out and they're trying to pretend like they're
adding value when all they're doing is actually slowing down a process.
And just like we need government efficiency, you know, we need business efficiency because
these dollars are just really being wasted.
And the last thing I'll say is I think that it offers a really compelling opportunity for
some of the young folks out there that want exposure to real estate.
And I know there's a lot of them because they all tell me, Zach, you know, how do I get
exposure to real estate?
And, you know, I sort of laugh and I tell them, you know, unfortunately, it's really
not possible unless you're, you know, one of the top families out there to get exposure
to blue chip real estate.
And, you know, blockchain technology tokenizing some of this real estate, you know, you're
essentially fractionalizing it and you're opening the liquidity pool to a whole new class
of investor.
And you're also globalizing it, right?
You're exposing, you know, people in different parts of the world to some of these real estate
deals.
And I think that's really exciting and compelling.
It's going to and, you know, it's going to cut down on a lot of costs, like Don was
saying.
And ultimately, it's going to lead to, you know, a big increase in property values,
I think.
So, well, I think it's pretty compelling.
Oh, this is great.
I mean, I have one more question for both you and Don.
And then I'll segue into, into Zach, Chase and Cohen, Eric Trump, who may have to run
to the, to Fox.
Yeah, I think he's also doing other TV.
This is why we got Barron on.
We're multitasking.
But don't worry, we got your little brother on.
So, we got Barron on.
So, Barron, hang tight.
Yeah, he's still here.
So, in the meantime, when Eric's gone, we'll just, we'll just go to Barron.
But just quickly, your father already touched on that before he left.
But before you guys go, Ken, I want to ask you, like, what's it been like, you know,
working with Zach and Chase?
I'll get to you in a second, Chase.
But before that, like, what's it been like, you know, working with the guys?
Yeah, I'll, I'll, I'll start with that one.
Chase is, and Zach, they're two of the most stand-up individuals I know.
They're men of ethics, of morals, and integrity.
And, you know, I would challenge, I'll echo what my dad said.
I'd challenge any banker or economist out there to have a macroeconomics debate with Chase
Hero.
And I'll let you in on a little secret.
It's like, it's like stepping onto a debate stage with, with President Trump.
You're just not going to win.
So, you know.
By the way, I'll, I'll echo that entirely.
I mean, like I said, I've, I've been dealing with bankers now for, you know, like, graduated
Wharton in 2000.
So, a long enough time, okay?
You know, quarter century, let's call it.
And, like.
I wasn't born.
The, what's.
Yeah, exactly.
And the level of sophistication, you know, whether we're talking, you know, bond market
or yields.
I mean, these guys will go down a rabbit hole that, you know, I guarantee you the average
sophisticated banker on Wall Street could not, could not even keep up.
And so, you know, there's definitely, you know, that component of crypto that there's
the Wild West.
And we got to sort of almost disclaim everything because there's, you know, there's, there's
some bad actors.
But I think generally speaking, the community has been incredible and embracing.
So, you sort of do have to look out for that.
But, like, again, the level of sophistication, honestly, you know, I'm not someone that,
you know, I don't judge a book by its cover.
I'm looking at those shoes.
I'm like, that looks like my daughter's golf shoes, Chase.
But, you know, it's fine.
It's fine.
You know, but these guys start talking about, you know, financial markets in a way that
honestly, like, you know, you could put them in a boardroom at Goldman Sachs and they're
going to smoke the people in the room.
It's actually really impressive.
You know, it shocked even me.
And again, at this point, you know, I've been stereotyped and called every name of the
book.
So, you know, I don't really judge anything by what anyone else says.
I make my own opinions.
You know, and these guys have been awesome at that.
So, it's really impressive.
And it just, it actually gave me, you know, such a level in confidence of what I think we're
doing here is really a game changer.
I mean, this is the start, I think, of a, you know, a financial revolution.
I love that.
I definitely love the term financial revolution here because it's definitely what's happening.
When you're in crypto, you really feel it.
Like, there's still 100,000 people tuned into a square spaces.
I'm sure millions of people will see this.
And I really hope that every American listening to this or people outside, just give crypto
a dabble or a shot because it makes you feel really different.
It's what really got me.
NFTs and then the freedom, the feeling of being able to own my money.
And we're going to try to do a lot of that also because, again, even for me, again,
you know, I've been following it for a long time, have a lot of friends in the space, but
like, I'm still a neophyte, you know what I mean?
And I'm okay to admit that.
And, you know, there are, there are hurdles, there are complexities, there are, you know,
things aren't made as easy as perhaps they could be.
And there's sort of a lot of, you know, that fear mongering into this.
So, you know, I think a whole part of this is, you know, I hope that we can help sort
of simplify so much of this for a lot of people, people who, you know, love the idea of
it, but just, they, they look at the complexities and they look at just, you know, honestly,
even setting up some of these counts and then, you know, it's like, it can be, you know,
overwhelming, but I think there's a lot of people that, you know, frankly, like me have
lost a lot of faith, uh, in the traditional institutions.
And they sort of realize it's all, you know, a lot of those, they just one big Ponzi scheme,
you know, and guess what, if you don't know, you know, what's going on, like, you know,
you're, you're not the guy at the top of it, you know what I mean?
And so, you know, we saw that in 08, we saw that, you know, you know, and it
was interesting because it was a time where, you know, that was the beginning of my business
career in real estate.
And I sort of remember going to my father at that time and being like, listen, we got
to go all in on this.
We got to go, you know, I was just a young, aggressive, you know, 20 something.
I thought I knew everything because I experienced, you know, five or six years of a real estate
boom before the world hit a wall, uh, you know, in, you know, 07, 08.
And so, you know, it was actually the first time I was sort of like, wait, wow, he he's learned
from his, his own eras, whether it was in the early nineties or other, and he just looked
and be like, don't be so glib.
You don't know shit right now.
Like, I go, what do you mean?
Like, you know, we we've crushed it here, here, here, here.
He's like, yeah, but you've never lived through a down cycle.
And it was a really, it was a really interesting message from the guy that is sort of just known
as being sort of like all in long every time at all.
Like, you know, it doesn't matter.
And it was like, oh, wow.
Like, you know, it was, it was really sort of introspective.
It was a, it was a different, it was a conversation I never assumed I would have had until that point.
And man, was he right.
You know, we, we just, so we, we structured our entire business different.
We focused on doing, you know, more like a license model for real estate so that, you
know, we could participate in the upside, but not take some of that downside risk.
And then when the world did go to hell and it did hit a wall going, you know, a billion
miles an hour, all of a sudden it was like, wait, we, we didn't actually, we didn't lose
anything.
We have all these cash reserves.
And then we just started picking up things for 10 cents on the dollar, you know, and, you
know, really grew an empire.
And so, you know, it's fascinating to see that I see so much of that going on here.
And I think we just want to make that easy and available, you know, for so many other
people that I think would really love to participate in, because I think they have probably that
same dejected notion, you know, of what's going on out there with everything else.
No, I've been friends with Junior for years.
I've never heard that story.
I don't tell that story lately.
He literally goes, don't be glib.
But I'm like, Donald Trump just said, I'm being glib.
I'm like, who are you?
And what have you done with my father?
What's going on here?
I know a thing or two about being maxed on all the time and not believing in down, downtrends.
You know, it's kind of that guy screaming super cycle in 2021 until it hit me in the face.
Listen, hey, you know what, boss?
I'll say this.
Like, I've learned a lot more getting punched in the face than I have from the easy times.
Like, by a factor, like, I learned more in that 08 cycle than I did in the prior eight
years of my real estate career by a factor of about a billion, you know, and it changes
things.
And, you know, I think, you know, and I think that, by the way, that holds true, you know,
not just for business or investing, but I think it holds true for life.
You learn a lot more about yourself going through the adversity.
We've dealt with plenty as of late.
So, you know, it's important.
I love that.
Chase, I mean, you know, we've just got quite an intro.
Yeah, don't let us down now, man.
He's going to start bumbling and bumbling.
I'm going to be like, everything I said was a lie.
I take it all back.
I disavow.
So, you got Steve Wyckoff, you know, kudos.
I disavow.
Zach and Don Jr.
And, I mean, even Senior.
You know, so we'll get through.
We'll cut straight to the chase.
No pun intended, actually.
Just realized that.
Exactly.
Just cue it out on the video after.
So, there's been a lot of rumors floating around, you know, worldly-beated financials,
yourselves, et cetera, and about the project, most importantly.
Is any of it true?
Oh, that's a good one.
Right off the gate.
You know, the funny thing is, you know, a lot of people like to say a lot of things.
And I'll start with this.
You know, when I first got into this space, I felt like it was a warm place where we were
together and worried about what outsiders' opinions were.
And, you know, when I stepped back into the space, I wanted to kind of come in here to,
like, solve this bifurcation and how things have become this way.
And it's just been an interesting voyage.
You know what I'm saying?
It's been an interesting voyage from start to finish with these guys.
And it's hard to follow up these guys.
They get me so excited about this space.
You know, I feel reinvigorated by it.
It reminds me of, like, 2015 when I walked into the first conference and I had a hoodie
I was scared the World of Warcraft warriors were going to find me, you know?
So, but I like that.
It was warm and it was wholesome and we all worked together.
So, you know, it's hard to say what's being out there because I try not to listen to it
or pay attention to it too much.
You know what I'm saying?
So, because I can't control people's outlooks and, you know, the way I look and the way I
act and the way I've been through in life, you know, it's all targets when people want
to paint in their own way.
And that's fine by me.
This was never about me.
You know, this was about bringing really intelligent people together that were curious and that
wanted to, you know, save the little man.
You know what I'm saying?
We all got into crypto and DeFi especially because we were, you know, sick of being
de-enfranchised from the banks, right?
You have some money, you can borrow some collateralized debt against it, right?
You have some assets, they're good.
In this space, it's almost the same way because of the use case of getting into it, you know?
So, like, half the world can't utilize big finance.
The other half of the world can't utilize DeFi.
And the reason being is it's too complicated.
I mean, we were introducing you and your brother to it and you were guys like, what, I got
to go to MIT to get into this?
You know, I felt like I was in kindergarten again.
And I was like, I felt like a slow individual, you know, for a little while.
I think we're catching up quickly, but, like, there's still a long runway.
And I feel like, you know, because there's so many, so many brilliant people in this space
and the evolution of what they built is just astounding, that somewhere along the way,
we've gotten so smart we forgot about the people who maybe, you know, was too much gas
or, you know, that's not really built for them or the on-ramps are too difficult.
And, you know, like, for me, I always like the, you know, the big challenges, the big
adventures, because that's where the depth comes, you know?
And so, you know, when I talked with the boys and I said, you know, I got a really interesting
challenge I think we can face that's perfectly aligned with you guys, you know, like, who
else can reach a world in a way you guys can, especially the average person, the teachers,
the firemen, the police officers, who all deserve a piece of what big finance is, but I've
been excluded from it for so long for, you know, no fault of their own, just nature of
the game, right?
And it's a courageous battle, one that I'm sure we ridiculed the entire time on, and that's
okay, you know, when you're called up to be a soldier, you know, you put your armor on
and get your big boy pants on and, you know, you keep your head to the ground, and that's
why we don't come up and respond to too much, you know, we're just, we're working, you
know, like, they'd rather have us build something good than sit there and fight this verbal
warfare that there is no right or wrong answer that I can give you.
Whatever I'm going to say, you're going to make your assumptions from it, we're just
going to sit here and build, and, you know, it's been cool to watch these amazing people
come together and put themselves in the, you know, the guillotine, as they say, and all
work together, and, you know, it's been a good time, and I love everything that they say
about me, you know, I, you know, a lot of people say a lot of things, but I don't think
I'm the smartest guy in the world, I think I'm good at seeing complex problems and make
them simple, to make them understand by everyday people, you know, and I think that's my gift,
is the ability to say, hey, I'm not a really complex person, let me understand this, if
I can walk through it, so can the average person, and that's what we're going to try
to do here.
So, you know, I, and just for the audience to know, then we'll have Zach and Eric when
he comes back, and we'll get more into the details of the project as well, we'll talk
numbers, we'll talk all the juicy stuff that the crypto community really wants to hear,
so hang right, hang tight right there, because I know this is what, half the people came to
hear, you know, President Trump and the other half are probably, yeah, we're giving them
a long build up to the, some of the real nerds are like, come on, come on, this is a real
show, you know, I was under the impression that they came to listen to me, but, oh, I'm
sorry, of course, here's, here's, I'm sorry, y'all, I'm sorry, y'all, this is, you know,
this is, that's like Trump level ego right there, Jack, congratulations, I'm glad it's
rubbing off on the, I love it, I love it, I'll take that as a compliment, hey, listen,
hey, it's a long build up, but it's a, it's a build up that's worth it, it's a good programming,
so I hope everybody's entertained here, but Chase, another question for you then is, you
know, what's the overarching vision for this project, a lot of us want to know, like, what's
actually going on, right, what's the vision, what are you trying to do?
It's a big goal, it's a big goal, but, you know, like, first off, this country's been
so good to me, and crypto's been so good to me, and so, you know, as a taker and someone
who's been able to get so much from this amazing world, it was time to try to do something to
give back, you know, and, and I think that the idea around liquidity is what I most focus
on, I think that somewhere along the way, we've confused the world with Bitcoin, is it
Ethereum, is it Altcoin, which are all great assets, I love them all, right, but I think
that's a simpler game, people understand dollars, they understand accounts, they understand
the simplicity of it, and so, for me, I really, really started to study stable coins, and
I really love the idea behind it, because to me, it seemed like the simplest on-ramp
to get someone who knew nothing about speculation into this space, and it's just like a gym
membership, once it goes from free to paid, you're committed, you're more into it, so,
I want to get people into this space, even if it's five dollars, to expose this environment,
and, and to do that, and by doing that, something really special happens, and if you're not
familiar with stable coins, they're a really, really amazing asset, and what they do is they're
buying treasury bills, and I think it's a really good way to keep America's the sediment layer for
another hundred years, right, and that's been a really big goal of mine, because if you, if you
look through the history books, you see a strong America has been a strong world economy, and the
history books dictate that, and I think for the first time in a long time, there's been a little
of bifurcation there, there's been challenges to what is going to be the sediment layer of the
future, and currently, right now, it is still the U.S. dollar, because the largest medium exchange in
crypto are stable coins, and they are all pegged to the U.S. dollar, and so my advantageous goal here
is to simultaneously giving people financial freedom, we are securing the U.S. economy's
sovereignty and freedom individually, and at the same time, giving people an asset that they
can control. I mean, when's the last time you heard of an average person going out and buying
a T-bill or a bond?
Yeah, I don't think I've heard that.
Yeah, and the U.S. government itself getting away from, like, the petrodollar and all these
things, I mean, that makes it very hard for the U.S. government to borrow and give us a lot of the
things that, you know, a lot of it's waste, but a lot of things are actually required, and so, I mean,
this seems like a good backfill to that for what I perceive to be a lot of mistakes being made on the
international scene, certainly as it relates to the petrodollar.
So, definitely.
Definitely.
So, Chase, so how do you see your project, you know, reshaping the financial landscape for the
coming years?
Access, accessibility, you know, it's the, you know, you ever look at any big project in this
world, it's like, it's the idea is to get users on there, to use it, to make it easy for them,
to enjoy it, and, like, I really think that's where we need to get, you know, and that's why I love
them as a family, is, like, their whole ideas about this start-to-finish comfort, like, the ease of use,
they're, like, they're, I would say they're perfect in class in that, and so, our goal here is just as
that, is to, you know, and constantly working around, just making sure that we can make a system
that is easy for the everyday American, everyday global patron to come on, to access this environment,
and to get a fighting chance in a space that has been, you know, out of their reach just due to the
complexity of it.
I mean, it truly is.
I mean, in the beginning of this, we used to go to, like, my mother, my grandmother, my sisters,
and I'd be like, listen, I'm going to give you a bounty, $10,000. If you can get to where you have
a MetaMask, you get $10,000. At any time you have to stop, call me up, and the bounty goes down.
And you realize that people get stuck really quickly. This is a very advanced technology,
and I think that along the way of this advancement, we've kind of, like, missed the ball of, like,
leaving the breadcrumbs, as maybe people think, and that's the future here, you know? Like,
I really, really, truly believe is when everyday Americans are using this,
and they're experiencing this, and they understand the freedom of it. And that, to me,
is the coolest thing ever, is that your bank is wherever you go. It's in your pocket. You know,
you have money. It's right here. It's like, here's where I go. Here's where I use it.
It's eye-opening.
It's funny, you know, in just the day-to-day life, you know, like, I'll bring my ledger to
the golf course, you know, or I'll bring my ledger to a meeting, you know? And they're like,
wait, you have all your funds right here. I'm like, you know?
Yeah, you've broken down at dinner, like, on multiple random occasions.
And the thing is, is, you know, like, and at that same notion, again, it's just the parallel
of these spaces is going to be the hardest intersection to make. It truly is. And so
you need the largest graphs of the simplest ways to do it. And like, I've just never met in my
entire life someone who can break something down so simply, like you and your father and
your family does. And I really think, like, merging these two gaps gives the American,
you know, person a fighting chance for this sovereign freedom. And it's going to be a
really a revolutionized thing because the average person doesn't even get to get a yield off of a
dollar. I mean, you go put your dollars in the stable coins, you put them on chain,
you're instantly making money. It's like, and it's all backed by the treasury, you know what I'm
saying? So it becomes like this, why are we excluding this, you know, from the world? And part of me
thinks that sometimes some people want excluded, some people want held off from the world. Some
people inside of it want held off. A lot of very powerful people for a lot of very bad reasons
definitely don't want this to happen, right? I mean, it eliminates a lot of their power. It
eliminates a lot of their potential resources. And, you know, that inefficiency, someone's making
money for it. When, you know, when 08 happened, you know, a lot of people still bought Hampton's
houses and a lot of people were left with no retirement savings. And that's, I think we're
trying to eliminate that inequity there. Yeah. I mean, efficiency is a very, very profitable
business for some people. Oh yeah. Right. It's, it's, that's the, I think the misconception is that
not crypto versus the U S dollar, it's crypto and the U S dollar is crypto and America. It's
crypto supporting America and vice versa. Uh, but a lot of people seem to be making this
like warfare between the two of them, but we're just trying to, we're just trying to build something
cool, man. I mean, and that's the thing is like, you know, I see a lot of the bifurcation
in the, in the asset ownerships, you know, like the classes, you know, like who's better than
other. And I get it. I understand it, you know, the camaraderie and all that, but like
my goal is unified. It is to bring liquidity into this space period and dot period. And
so far the best rails I've ever seen to do is going in the rails via stable coin. Right.
And it's like, until there's other easier on ramp, that's the avenues that we, we, we
explore, you know? And so, like I said, my goal is a very simple one and I don't want
to make enemies. No, I know I will. And everybody's like, Oh, you're this way or that way. It's
seriously just to bring in liquidity in this space. That's much needed.
I love that. Well, thank you very much, Chase. Hang tight. I know Zach's here. I know Eric
is, is, uh, is probably getting interviewed by, um, by, by Fox right now, but we do have
Baron on the Twitter spaces and I've got questions for him or me. He's not here anymore. We took
too long. So we're, we're going to try and get him back. We're going to try him, uh, try
and get him back. If, if he's teenagers, I'm like the old boomer now. I'm like, grumpy old
man with a white beard. It's like, uh, he's going to come back. Okay. I mean, I see, I see
Baron's account on here, but he's going to come back. Okay. Awesome. I just got news
is that Baron or Eric? Sorry. Eric's coming back. Yeah. He's just finishing up TV. He's
in the van outside with Fox, right? I think he's on national television right now. Uh, if
you're watching Fox instead of this, no, you should be watching this. This is much better.
Yeah. I wish you could see us now. Cause this looking really good. Okay. This room is sick.
This place is amazing. Isn't it? This painting is fine. It's pretty aggressive.
There are some people that would pay a lot of money for that painting right now.
I am sure. I wish, I mean, this camera one or two was good. You know, it's got, you know,
it's got its own lore, right? Oh, so that painting was given to my father, but the left hand was left
unpainted. And they said, the artist basically said, you know, Hey, I'm giving this to you.
If you want me to finish it's $25,000 or whatever the number was. And I think my father basically went
to another artist be like, Hey, I'll give you a 500 bucks. You need to paint in a hand. So the hand
is a little bit different. He was like, I'm not going to be a game by this clown. Let's say,
I think it's like one of the most Trump stories ever. I believe it to be accurate. This has been,
this has been legend for a while. So we got to do rug radio more because I'm getting stories that I
haven't heard. My big problem is he put a camera on me. I get much more open than I am. I'm basically
like a recluse that likes to go shooting by myself. You guys are welcome and rugby anytime
you want. We have over like a hundred creators across the world creating content. I'm live
every morning. I'll come back to Mar-a-Lago for y'all. We'll do a lot. You come on my show and
rumble. We'll talk more about this. Listen, cause this is going to be an evolution. And again,
I just cause again, I'd say, you know, I'm a reasonably sophisticated financial person. I'd be an
accredited investor in basically anything. And yet even going through this journey, if it's
complicated for me, it's too complicated for most people, you know, to get started. And so again,
making it easy, taking people through it, going through, you know, the tutorials that, you know,
Zach has taken us through, uh, you know, just like, here's the details and here's what's going on.
And I'm like, you know, if we can simplify that to people, once you get through it, it's like,
Oh, like it, Oh, it's not, it's not that bad, but the barrier to entry, even just psychologically,
you know, when you see all of this stuff, uh, is a lot and it doesn't have to be. And so,
you know, if, if I can contribute anything to all of this in the future is just, you know,
creating that access for everyone. Cause the more people that are using it, the more people
that are out there active, you know, I think honestly, the bigger front we put towards those,
uh, you know, traditional institutions that had had sort of the monopoly, you know, whether it's
liquidity, uh, or otherwise for far too long and for no real reason.
I love that. I think that's a great segue into the next segment. I mean, Zach, if you
want to join us, I know you're busy. I think we can go to Zach and Chase. Chase, you hang
tight right there. We'll switch one Trump for another Trump in five minutes. I think he
said he's going to be 15. Um, but yeah, Zach, I mean, sit here. And then when Eric comes that
way, he's sits, whenever it comes, you guys can just swap around, right? That's, that's an
easy one. I mean, the camera can, can, can fix all that. All right. So I guess we'll,
we'll wait for Eric, but in the meantime, I do have you two. Um, so let's get right into
that. Um, let me just, you know, you're a tall guy, Zach, so they've got to readjust
the mic, dude. They had to adjust it. Come here. And if you want, when Eric comes, we'll
just slide. I sit next to him all day, every day, you know, this is great. I mean, listen
guys, no pressure, but there's still 72,000 people listening live. It is a lot, right?
It's not that bad. Wait, you, what? I love Don Jr. just throwing shots.
Welcome to a day in the life of world liberty finance. I mean, you should sit with us until
Eric comes. Yeah, come back here. You should sit until Eric comes, man. He's getting here
until Eric comes. So just, just, just confirming Zach, is it true that you stole a Don Jr.'s
wife's jeans? Maybe or maybe not. Okay. What is the lawyer saying?
Like I said, I wasn't sure if the mics picked it up, but when I stop breaking
shots, that's when you have to actually worry. So if I'm breaking balls, you're in my good
graces. It wouldn't be rug radio if nobody's breaking shots. So let me, let me tell you
that. So Zach, we'll just start with you. Right. Until, until we get, until we get Eric
back. So listen, Zach, um, you know, I know that you care a lot about usability. That's
something that we've been talking about a lot. You think that it's one of the biggest
barriers to DeFi adoption to something that you and I kind of, you know, I think
it's the, I think it's the biggest barriers to DeFi adoption right now. You and I got
to talk about this, you know, yesterday through launch, but we were waiting for the
whole thing to happen. So how does your platform, how does World Liberty Financial
address this challenge of usability? And then who do you plan on bringing into DeFi
ecosystem with this platform? Great questions. Um, so the first thing is, you
know, and I think that, uh, Don Jr. was kind of alluding to this is the
usability in DeFi is so difficult or confusing. Now, what I mean by that is a
lot of the DeFi protocols, like for example, we've said, you know, Eric or Don
Jr. links to some of our favorite DeFi protocols and said, here's what you do on
this platform. Here's what to do. And I've done this with a lot of my friends. You
know, I've got a lot of friends, Chase and I have a lot of friends who are
wealthy. They are technically savvy and they already have exposure to
cryptocurrencies, be it Bitcoin, Ethereum, whatever. But the majority of these
friends of ours hold all of these assets in their Coinbase account. They never
deploy these funds into DeFi. And most of them aren't even aware that there's
something that you can do beyond just speculate on assets. Right. And for us,
the thing that we like the most, you know, or you heard Chase talking about
stable coins and the ability to generate yield off of something that's pegged to
the US dollar and kind of remove that speculation. For me, I think that's one of the
things where, like Chase said, where the most opportunity to bring new people into
this space are. And the ability to show people who already have a lot of exposure
to assets like Ethereum and Bitcoin, that not only is there something you can do with
these assets, but making a product where it's really easy for the user to engage
with it. Now, you know, I know we have like 70 some odd thousand people who are
still on this and, you know, your father left, which means they're sticking around to
hear about the token and they want to hear all the juicy details. These are our
true DeFi and crypto community. Right. Now, the core crypto is still here. Let me
tell you that I can see them.
I see you on Twitter. We really appreciate you guys for tuning in. So the thing is,
is that I'm sure all of you who have ever like interacted with a DeFi platform
probably feel like it's either difficult to engage with. You know, you, you land on the,
you launch the application and there's no real explanation as to what to do or what the
benefit is to the user or you get there and it's just a smorgasbord of tons of different
markets or, you know, yield staking opportunities or whatever it might be to the point where
it's overwhelming and you have, you know, too many choices and you just end up leaving.
Right. And a perfect example, like Don was saying, it's happened with the boys where, you
know, Eric was basically trying to loop Ethereum on Aave. We had had, you know, Chase, Don
Jr. and myself, the Wyckoff's were all out to dinner. We were talking about it and they
wanted to, you know, go and loop some Ethereum. We had this great conversation about it.
So I send Aave the link to Aave to Eric and he goes, you got to give me a call. I'm too
frustrated. I can't figure this out. Right. So we proceed to go through the steps of how
to loop Ethereum on Aave and, you know, he did it. He's technically savvy. And if someone
like, and I know, you know, I know Eric, he's, he's a technically savvy guy. It's not
like trying to explain it. Yeah. Can't wait to hear it. Oh yeah. It's not like as a brother,
I may argue with some of this, but it sort of feels like the Zoolander, like the files
are in the computer, but it's absolutely right. And you know, the thing is, is that there's
no real thought to usability in DeFi, I think. And I think this is almost part of the ethos
in DeFi, which is, you know, if you don't get it, it's not for you. And I think that's
a big problem where if we really want to see a massive amount of adoption, mainstream adoption
and liquidity flood into this market, we need to build products that the everyday user who's,
you know, used to interacting with apps on their phone, who's used to using certain financial
sites and tools can relate to and instantly pick it up, feel like they know what to do with
the product, what the benefits in it for them, and to be able to use it right away without
too much info and friction. So what's the main goals of World
Liberty Financial? It's a good question to the both of you, right, Zach and Chase.
Let's all go to you first, Zach, but like what's the goal, but most important, like how do you
plan on like actually like accomplishing those goals? Yeah. So I think rather than trying to,
you know, rebuild the wheel, it's to take what's the best of DeFi and basically bring it to the
everyday person who isn't already interacting with DeFi platforms, build products that are really
simple and intuitive and easy to use where you don't feel like you need to phone a friend to
get a walkthrough, you know, and to just onboard as many people through, you know, simple products
where they can actually start to earn yield on their assets, not take a ton of risk by speculating on,
you know, the next meme coin, but instead being able to use stables that are pegged to the US dollar
to be able to generate yield or unlock liquidity in assets that they're already holding, such as
Ethereum or whatever other tokens they might have. And for you, Chase, I mean, I just would
like to ask you a similar question here, you know, what's your personal goals with this?
What are you trying to accomplish? I mean, you know, he's always the more practical and I'm
always the more ambitious one. So my goal is, you know, I want to unchain ourself from the debt,
you know, I want to, you know, restructure where the American debt is being held. And, you know,
it's good for crypto. I mean, listen, you know, he who holds the debt holds the power. And so
it's good for crypto. It's good for America and the system works. I mean, and listen, as we're
rates are going to start falling, that money's going to start leaving these places that need a
home to go. We're, we want to create something that makes it really sound and smart for that,
for that money to go to. And, and that's the goal here. It's like, I think of America first and we
put our soldier outfit on and we're going to build a, build a product to do just that, you know,
that's the end goal here. So.
And the other thing, just to add to that, in terms of our goal in general, right? I think,
you know, we've, we have pretty good relationships with a lot of the big players in crypto and
anybody who, you know, knows Chase and myself and has worked with us on this world liberty
financial project, either, you know, in like the forefront or working behind the scenes,
because we have a lot of support behind the scenes. Everybody will tell you that our goal here
is to shine a light on the entire crypto community as a whole. You know, we all know that there's a
ton of tribalism in crypto. No one can agree on what the right layer two is or, you know, what the
right token is. And that's fine. Our goal here is to really shine a light on everything that crypto
and DeFi has to offer, whether it's rug radio and, you know, decentralized media platforms, whether
it's decentralized lending platforms like Aave or anything in between. We really want to be able to
shine the spotlight on the tools and the things that have, you know, really given Chase and myself
a massive leg up in the ability to do something that most people can't do. We want to make all of
that available to the average person and really shine a light on this incredible community that
we've been a part of for, you know, almost 10 years now. Wow. This is really cool. I got another
question for you guys while we wait for Eric here. And, you know, you kind of talked, kind of alluded to
that. And I want to get there. It's the soldiers, right? You said you, you, you built a team of
soldiers that are all in. And then you went and said, you know, you have a lot of strong connections
within the world of crypto, et cetera. So I've heard, and obviously I've seen the announcement
that you've been rolling out lately. And we have a couple of advisors that are going to then join us
as well. Corey's in the room and he's on the spaces right now. Can we, can we, can we blow it up and
tell him, tell him the, tell him the info, the little alpha right here. All right. So I've got Corey's
permission. So Corey, now we have a fall guy. Technically this is the first time that we've
actually shared this publicly. So, you know, for all of you who have been following world
Liberty financial and been watching our advisor posts, uh, we named Corey Kaplan as one of our
advisors, technical advisors. He's a phenomenal builder. Anybody who knows him knows this. And,
uh, he got involved in the project and he reached out to us one day and he said, Hey, uh, you know,
I'm having such a great time here. And I was like, Oh God, what, what, what's coming? You know,
like, and he goes, is it okay if I joined the team? Like I want to actually come on and join the team.
And obviously everybody who was working with him said, this is a no brainer, like without a doubt.
And that's one of the things that I think that we really want to put out there about world Liberty
financial and, you know, just the corporate culture, the lack of corporate culture that we're
building is really just around people who have something to offer and really are smart and best
in class. They always will have a place here in world Liberty financial. Like this is not about
chase myself, or even the Trump family, even though that they're incredibly involved and supportive.
This is about building something that decentralized, that is decentralized and can really add to the
community, bring a lot of liquidity here. And really, you know, we look at it like a rising
tide lifts all boats. And that's really what we want world Liberty financial to be for the whole
space. I actually won't get into it, but we've actually seen some people reach out to us from
the traditional banking side and like really big people on that side, because they understand
the future here as well. I mean, they're actually sort of visionary in a world that there's not a lot
of visionaries oftentimes. And so, uh, that to me has been fascinating because I think it's been well
received like real traditional banking. And so, you know, watching that and then, you know, that's
for another time. Uh, but that's been pretty fascinating to watch as well, because it's not
just a flash in the pan. It's not, you know, these are guys that they get that world. They understand
the fall, the flaws, the pitfalls, they understand what's coming. Uh, and they're getting ahead of
that for themselves as well. Yeah. And though we've been quiet on most of the media, we're, we're very
open people. Like if you, if you're curious and you're humble and you want to come in there and lend
your input and your skills and your amazingness, and we can shine a light on amazing stuff you build,
please hit us up, like reach out. Like we really stand on that. Like we want to make it the home that
we remember it as, you know, and if we can do anything here to it, you know, we'll, we'll, we'll put
those, those shields on and take the battle, take the wounds so that this, this industry can evolve to
be here in 30 years. I mean, listen, I want my kids to be in this space. You know, this is
everything I've known. If I can hand something down, this is what we hand down. So if we can do
anything that's selfish and unselfish at the same time, this is, this is the play we do.
That's why we're here. Like we care about our space, right? Like, I think I speak on behalf
of the entire crypto space. Like it's something, even when we joined, like I pretty late to the
game, 2021, I thought it was late, but clearly already enough to build something important enough
to be here today with you guys. But you know, it was always hard to crack that cocoon and kind of
make it inside the space, you know, obviously you are now the biggest interview in the world.
Like, I mean, and you were a no brainer. Like when we had chat, like we had a lot of media reach out
to us and, and, and, and, and it was always from a place of like, I don't want to say demeaning,
but like objective, like they, well, they all, they all the majority. And I mean, who, who knows better
than Don Jr. or the rest of the Trumps? People don't write articles because they care about who
they're writing about. They write articles because they care about their own clicks.
And we all know that, right? So the more salacious headlines you write, regardless of how true or not
they are, regardless of the level of journalistic integrity you've brought or none, you know,
there's very little, uh, and we're going to get into this, but a lot of what's out there is,
you know, uncorroborated, not accurate. And, you know, obviously we're here to set the record
straight on a lot of that tonight. Yeah. We're going to get there in a minute here,
but just, but real quick, back to what Chase was saying, you know, for Chase and I, it was just
he and I, when we were talking about, okay, we got to figure out what do we want to do for the
spaces? Like what kind of vibe do we want to create here? And for he and I were like, we got to do it
with Farouk. We got to do rug radio. That's pretty cool. But for real, I was in Japan, I got the calls
because for real, because this is for the culture, like world liberty financial is not a bunch of suits
coming into crypto to try to take over. It's a bunch of suits coming into crypto, embracing people like,
you know, Chase and I who are sitting here and, you know, I'm in ripped jeans that I stole from Don
Jr.'s wife and my t-shirt and, you know, they got his daughter's shoes on. So
I'm not there yet, but I'm, you know, I'm the boomer of the crowd. It's a, but the thing is, is that,
you know, a lot of people were like, who's this Farouk guy? And I even see it on, on Twitter,
you know, huge reporters that would have killed somebody to, well, well, hot, but you know,
who would have done anything too soon to get this interview are like, why is this guy doing it?
Well, I've got that a few times already. Of course, but everybody of the 70 some odd thousand people
that are still listening right now, that are still listening right now, every single one of them
understands why we went with you. Every single one of them knows why you have this interview and
some, you know, guy from CNN or Bloomberg or whatever is not sitting here with us. So it's
really exciting. Chase and I started in the space back in like 2015, 2016. We had one of the first
large forums for crypto where people were talking about crypto, a lot of major crypto influencers who
you guys all know got their start in our group. That was their first kind of like forum to really
be able to build a name and a brand for themselves. And we're here doing this at a much larger scale,
integrating DeFi, crypto, NFTs, live from Mar-a-Lago with the Trumps, the most recognized
brand in the entire world, regardless of how you feel about them, regardless of your political
leanings. They are the biggest, most powerful brand in the world right now. And the one thing that I
really like about DeFi is that it is completely democratized, right? At the end of the day,
the best chain with the best performance and the lowest transaction fees and the most throughput
and the most usability will win, right? The platform that gives the most transparency
and the best rates and the most competitive rates on assets will win. It does not matter
your political leaning. Everybody is going to embrace World Liberty Financial when they see what
we build. They are not going to care. All they're going to do is say, thank you guys for doing what you
did for crypto. I don't expect you to hear it today. I expect a lot of chatter and, you know,
it is what it is. But one, two, three, five years from now, everybody's going to look back and say,
oh my God, they said they were going to do it and they did it. That's all I can hope for because it's
something that we, I think we all want and hope to do well in the space. We have Eric back in the room.
I'll sub him. Do you want to sit right there? Swap with, slide down and then maybe get Eric right next to me
or do you want like that? That way we'll get. All right, everybody, hang tight. Hang tight
because we've got Eric Trunk back in the room straight out of, you were on Hannity? Is that
what you were on? I was on Hannity, a very multi-dimensional life I live. Yeah, so you were
in the room here helping us out, then back out to Hannity in the van and then, and then back here
with us. I mean, what's, come on, who's got it better than me? Okay, I'm kidding. I'm just kidding.
I'm not, but you know, Eric, I got a, I got a couple of questions for you here. We've had an
incredible chat with- Spoiler alert, by the way, we talked a little bit about your looping
Ethereum, so the secret's out. Yeah, I like that. Yeah, yeah, sorry, because we had to get Zach
talking and, you know, he got really excited. Can I actually jump in on this one because honestly,
I can't with you. Please tell it yourself. Tell it yourself.
Listen, I'm in the hospitality industry, right? Yes. We don't want guests to show up at our hotels.
We don't want them to touch a door. We don't want them to, you know, ever carry a bag,
right? We're in hospitality for a reason. Right. I have to say the one thing that the
crypto world has probably done a bad job with is actually the hospitality aspect of it. Everything's
freaking difficult, right? And I went to one of the best schools in the country, smart guy. I
understand technology very well. The amount of times that I called Zach saying, I don't get this.
I popped open a Metamask account and I literally can't get the browser a pop-up because my Chrome
extension isn't working. And then you go to, you know, Aave and you try and do some looping,
but you have to loop it three times in order to get to the actual transaction to loop. And
I'm sitting there saying, man, I'm a pretty smart guy. Again, I understand technology enough. I can't
get this to work. There's no way that half of society is. And I honestly, if there's, if there's
one contribution I want to make to the world of crypto, it's actually making me user friendly.
And it's going to be like one of the big theses. I mean, I pound this in the guys all the time,
you know, treat me as your consumer, but, but, but treat, treat, you know, me at two generations
above me as, as the consumer for a second, and let's go through and let's try and make
it idiot proof. But, you know, I mean, there's so much potential. And honestly, I think one
of the things that you've kept so many people out of, of the crypto space is actually that
confusion, right? I mean, half the domains are .io. I think if you went to, you know, a couple
of generations over me, they wouldn't, they've never typed in that, that, that domain.
They, they don't even know what it kind of, and so how do we bring what we're so good
at, which is, you know, almost comfort and usability. How do we, you know, how did these
guys program that into a space where it does everything that Don talked about, right?
So many people in this country are disenfranchised. So many of the people want this. I mean, why,
why does Chase have 60 story buildings that are 2 million square feet in every single city
in this country? You know, hundreds and hundreds of millions of dollars in taxes and payroll
and this and that, which are passing off to consumers. When this can be done on blockchain,
it can be done quicker. It can be done less painlessly. It can, your money can get wired
from an, into an account in like a couple of hours, direct to your account. There's, you know,
all the BS, all the nonsense taken out of it. I mean, that is modern day finance. It's modern
day finance, but why can't we do that in a way that's efficient, clean, simple, user-friendly.
And it's one thing that just hasn't been done because again, when you start trying to link up
a Coinbase account to a MetaMask account, to an Aave account or a Dolomite account, or it's,
it's tough. It's absolutely, that might actually be a plug to somebody that's in this room.
Oh, there you go. He's coming in next. He's coming in next.
Corey can come in here next and talk all about Dolomite. Corey,
we're going to make it user-friendly. That would be great. So let me, let me ask you,
I mean, you, we've had Don Jr. here, you know, we had your father and we have yourself now,
yourself now, sorry. So how could the Trumps coming into DeFi change the way wealth creation
works in America and across the world? So think about it for a second. Yeah.
Say, say you want to go open up a pet grooming business and you have $10,000 worth of Ethereum and
you want to, you want to borrow against Ethereum. Like, you know, why can't you just be able to go and do it?
You know, why, why do you have to go shed your assets? Why do you have to go sell your assets?
Something that you believe and appreciate tremendously. I mean,
why can't you do it and why can't you do it instantly? You know, that person goes to Chase,
zero chance they're getting loaned, zero chance. They'll laugh, right? I mean,
there's not enough zeros behind their name. They'll go through a process that's, you know,
120 days long at which time the business will be gone because your inspiration will be shattered.
You know, and, and, and by the way, chances are you're 120 days into the process and they tell,
you know, they cancel you, they cancel you for a post that you made at some point that you
believe was right on, on, on social media or something along those lines. It's not efficient.
Why can't this be done on blockchain? Why can't this be done, you know, quickly, seamlessly? And
there's so many different financial tools. I mean, I literally feel like our financial system is,
is, is broken. Our financial system vastly favors the wealthy. It gives others not a chance of,
of success. You better be in, in, in kind of, you know, the club. If you're not in the club,
you probably don't have a chance. And by the way, if you're not in the club, you're also not getting
the best terms. Not at all. So there's no parody on, on, on, on lending, borrowing.
Um, you know, it, it kind of quells freedom and that that's not how it's meant to work. It's not
how it's, you know, and, and then at the same time, these banks, as I said before, I mean,
we own some of these buildings, right? They're carrying these, these assets, payments on these
assets. They're carrying, you know, 60 floors full of cubicles filled with thousands and thousands
and thousands of people to push through transactions at which time they charge you for,
you know, the application process, but then deny your application 90 days later. I mean,
there's gotta be a better process, right? And, and if you want to look at financial institutions
going into the future, you better believe that, that, that inefficient model is going to be extinguished
and that these transactions can happen immediately on blockchain with a couple pushes of a button
without the discrimination, without the nonsense. And, and, and that's what, that's what excites
me. It's so, it's so obvious. Yeah. You know, it's, it's, and, and I fell down this rabbit hole.
Let me, let me just say one other thing. I'm an unconventional guy for crypto, right? I'm a,
I'm a bricks and mortar guy. There's no guy who's built more buildings. There's no guy that's
opened more hotels. There's no more, no guy who's, you know, built more golf courses. It's what I do
every day. It's hospitality. I mean, I'm a guy who likes the world where you can touch something,
bricks, mortar, concrete, tangible. If you've made a believer out of me, then, then honestly,
anybody, anybody would be a believer, right? Because if you actually think about it, what
crypto is, it's such a hedge to all of that, right? Right now, a hurricane could come slam
into the East coast of Florida and congratulations, your home, your business is, is gone. You can see
what's happened in California where you have the largest exodus of people because of bad policy,
high taxation, right? I mean, so many, so many factors gone. You have geopolitical factors,
you know, gone. You've got, you've got, you know, crooked AGs and DAs and states who target
you relentlessly gone. You have a bank that cancels your account. Like Don was talking about with PNC bank,
taking out it, right? So all of a sudden now your business collapse is gone because somebody
targeted you. I mean, think about all, all the intangibles in the world that can happen.
That can't happen on blockchain. That can't happen, right? And so, you know, as much as people
sometimes say the bricks and mortar, I mean, it's safe because it's there and there's always something
to collect off of it. Well, it also, there, there, there's also inherent risks to all of those things
that I mentioned. Right. And, and, you know, I'm, I'm a, I'm a big fan of Michael Saylor. He's,
he's a guy I've known for 20, 25 years. I've known Michael before he was, I knew him back in
New York and different days. And he's a guy I tremendously respect. I actually think he does a better job
talking about this in just about anybody. I agree. And, you know, I mean, he gave one of
the great like dissertations at the last Bitcoin conference about this, which is no, no, no,
you actually invest in crypto to de-risk as opposed to add risk. And, and I think when you could start
getting your mind into that mentality about how many inherent risks are actually taken off based on
secure blockchain, um, global currency, um, you know, a hedge against devalues, you know, Asian,
a hedge against global insecurity. It's beautiful. It's beautiful. And it's opened my eyes as again,
a guy who builds in bricks and glass and dirt. And, and, and, you know, it's, I've become such
a believer. I'm, I'm really passionate about it. So I love that you're seeing that because when you
were out of the room, we talked about cryptocurrency as a means of freedom. And you're someone that said
you were like the typical brick and mortar guy, a sea field touch. When I got into NFT, it's like,
oh, I can't see the art. We're like, well, you spend more time on your phone looking at art
digitally. So what's the matter? You're not staring at your wall all day long. So what was the one
thing? And I'm sorry, I'm going off. I just need to ask you, what's the one thing that turned you
into this believer? Because there's a lot of people listening to us now that may think that they're not
of age for crypto, but that makes no sense, right? There's a lot of people that think you can see,
feel touched, but then you said, Hey, one hurricane and your shit's gone. Sorry. And you're,
and everything's gone. So what, what was the thing that made you switch?
We got one of the biggest portfolios of properties in the world. I'm clearly a hard-ass guy,
right? I mean, I'm sitting here in a suit. These guys are sitting here in t-shirts and then
tattoos, right? Like we're blending through worlds so well.
Don, hop in here from afar. I want your commentary.
I think that's right. There's more holes in big jeans.
I would, I would also venture to say, I would also venture to say, you know, you guys might not
be traditional crypto guys, but after like Chase and I have gotten to know you and your family and
like you guys are everything that crypto stands for. So if maybe there was a technological,
you know, catch up or whatever, but short of that, everything you guys are about and represents
is everything that crypto has been about since the absolute beginning.
You know, I would never guess that, you know, so many people who, who really have fallen into a
movement of love really because they felt like they were left behind in this country,
you know, and, and really not just this country. It's actually global. It's all over the world
would actually be the very people who, who actually aligned most with, with cryptocurrencies.
It's like the identical person, even though they're so different in so many ways, you know,
and, and, and it's really, it's kind of a beautiful thing to watch, but if anybody believes that
traditional banks are going to look like they do today in 25 years, they've just missed the mark,
right? I mean, if you look at Bitcoin, just Bitcoin, this before you get to all the other,
I mean, the Ethereum and everyone else, it's just Bitcoin. It's grown faster than the internet did
starting, I think in, in, in 1997 by total value. I mean, it's, it's remarkable. I mean,
it's remarkable the store of wealth. It's remarkable. Now all of a sudden you see these ETFs coming out,
you, you see all the exchanges are coming out, you know, trading Ethereum, trading Bitcoin,
that's opening up every single day. You see, you know, uh, BlackRock coming out and, you know,
they've entered the world in big way. Morgan Stanley's come in a big way. I know that the
heads of many of the biggest banks are talking to one of them today, like one of the biggest
consumer banks, and they're rolling out a massive crypto platform. That's awesome.
It's happening. And you know why it's happening? Because people are damn demanding. They're,
they're saying to them, they're going to every private wealth advisor. I don't care how much money
I want to buy Ethereum. I want to buy Bitcoin. I believe in these assets. I believe in,
you know, this digital currency that, that I can have. And, and one other thing, aside from people
demanding it, think about the problem with our monetary system right now, right? You know,
say, say you want to go buy painting from, uh, you know, from somebody overseas or a watch from
somebody overseas. How do you do it? Yeah. I mean, is it, so, so say you have to,
it's pretty tough. Okay. But I'm not just talking about going over to Germany. You want to buy a
watch from a guy in Germany, or you want to buy a painting from somebody in, in Spain. I mean,
how do you do it? Okay. First you need to convert the money, you know, they need to find bank over
there. They need to get, you know, routing numbers, but the routing numbers are under kind of a
different system than over here. And, you know, then somebody takes a Vega of 20% and somebody
else takes a Vega of another 10%. And you don't actually know if we're just going to the right
spot. And, you know, things aren't, things aren't translated in the right language. And so you don't
actually know what the hell you're sending. You don't know if you're going to get your product.
And then, you know, versus somebody popping open their, their ledger and, you know,
transferring over the, you know, 1500 bucks for whatever they wanted to buy.
Isn't there a beauty behind the simplicity of, of, of point to point? And by the way,
why should that middleman get that big? Did that middleman create that product?
Absolutely nothing. Did that middleman want that product? What, why is that middleman
even there other than an inefficient market? You know, why shouldn't they become redundant
immediately? And, and it's one of kind of the many beautiful things about, about currencies.
And in fact, I want to be, I want to be the first hotel company, golf company that literally
can be paid for, meaning where you can pay for your room, you can pay for your dues,
you can pay for your initiation fees, you can pay for your dining vis-a-vis cryptocurrencies.
I think it's the coolest thing in the world. And I'm actually, I mean, spoiler alert, like I,
you know, we're working on it.
Oh, you're going to make one of my friends very happy right now.
There's, there's no question that this is the future guys. And, and when I met these guys,
I was, I was incredibly impressed. They've got, they've got a great vision. Um, you know, and,
uh, you know, we believe in, in their plan and, and, and what's out. And, uh, we also have a great
report, which is, you know, which is a lot of fun. You can hear kind of the, the banter with Don.
Yeah. I saw it all. I heard it all.
I don't want to say the shit talk, but the shit talk, right?
That's important. And, um, you know, we're, we're, we're having, we're having a lot of fun,
but I believe in their vision and, uh, I think they're going to do great things.
I love that. It's funny because before coming to Mar-a-Lago, I, I, I, you know, last year I,
I had, um, the Trump national Doral and my friend, whose name is also Eric was like,
when you go like talk to Donald Trump, can you please ask him to start taking crypto as
payments for his golf course? I was like, listen, I'm not supposed to slide in questions from
friends. Like I'm not going to do this. I'm going to stay in my focus and I'm not sharing my doc with
anyone, but you just said it. So I can't, so there you go. You're welcome, Eric.
There you have the scoop and I cannot wait to pay.
Hey, it was fun because like we're nimble and fast. You probably tell by the way we talk,
but because we're nimble and fast, I mean, we'll implement that immediately and everybody else
will follow it. And it's, it's, it's an awesome thing. And I think the faster the world can
integrate and the faster America can embrace this. And you've got countries that are, you've got
countries, you've got sovereign wealth funds that are literally putting their entire fortunes into
crypto. If America doesn't do it, we're going to be left behind. We can't be left behind in anything
we do. Certainly not digital finance. Right. And also if you look at cryptocurrency, I mean,
trades off the U S dollar. I mean, what's, what's more accretive to the U S dollar
than, than cryptocurrency. Right. And by the way, you've got, you've got people who don't want to
see America be the, you know, the worldwide currency, right? You, you have massive competition
from around the world and, you know, competition makes everybody better, but I mean, it's, it's actually
a beautiful thing what it does for, you know, for the monetary system. And I hope that continues
because, you know, we better embrace it. Otherwise we are going to get left behind. And we make a
mistake when we say that this is just Asia, it's not just Asia. It's the Middle East in, in the
biggest possible ways, South America in the biggest possible way. Absolutely. And now, and you know,
one other thing, like I, like I've reached this unique gap where I understand traditional finance,
what I've done kind of my entire life. And then I see kind of the younger generation,
I see members who just killed it of ours at our clubs. I see friends who are younger, who just,
you know, they just believe. And then you see a Baron who is, who is so smart, so great. So
everything, and he's, you know, sitting there, you know, timing, he's like, Eric, you wouldn't
believe it. Like I've got kids that are trading Ethereum and like, you know, the back corner of
like another college class. And, you know, it is such a language of love for that generation.
I love that. I know he's coming up and he's, he's awesome. He's doing great.
I wish he was here with us right now. Like he's like,
he's obviously in school and, and, uh, but he's like so passionate about it. He loves it. But
like, he's like, Hey bud, like, Hey, my, my, like all my buddies are literally trading in the corner
and they're, they're buying, they're buying coins. And it's, it's, uh, you know, we better
damn well embrace it as a country because it's coming, it's coming fast. And the people who are
ignoring it and the people who don't want to embrace it and the people who don't want to figure it out,
uh, the people who don't want to take, you know, make the effort, they're going to be left
behind. But at the same time, I think it's, it's truly our job to make it understandable because
right now to the vast majority of people without great coaches, like, oh, you know, like these guys
right here where you can call up and say, Hey man, I'm having a problem with that browser extension.
Can you help walk me through it? If you don't have that coach, you're probably stuck, you know,
short of watching YouTube videos for nine hours, we have to make it intuitive. We have to make it
user friendly and we will. And, and, uh, I think that's going to open the eyes to, um, anybody
that's still on, on, on the sideline and, uh, you know, doubting the, you know, the true potential
of what this ultimately will be. I think that's a mic drop moment so that we could go into our
final segment with Corey and get to the questions that the crypto people want to hear. But Eric,
thank you so much for this. That was an honor. I know you were just, you know, in our interview,
interview. So you being here is really cool right now. Thank you guys.
Great. Hang tight, everyone. Hang tight. We're still going.
Here it is. Get Corey in here following the exciting announcement. You know, we were supposed,
I promise you all, because I know the run of show, I built it. You know, we were meant to go for 45 to
75 minutes. So 45 minutes, an hour and 15. And here we are closing in. Oh yeah, it's two hours.
Uh, it's 9 59 PM. I just realized that. Uh, and you know, shout out to the crew here. That's
absolutely crushing everybody transitioning in and out, uh, of this Twitter spaces. You absolutely
love to see it. It's also awesome to see that, you know, Donald Trump lent us this account,
stay on stage, uh, the entire time. And I really appreciate everybody's, um, for still
being here and listening to us, Mr. Corey, you're now in the hot seat that, you know,
president Trump, Don jr. And you know, Eric. Yeah. That's the executive seat you're in right
now. You were just sitting there too. It felt good. I'm not going to lie. I feel like I've
lost a little luster over here, but maybe it's cause I'm sitting next to Corey who is
far more intelligent than I am. And I think this chair is tired of me. So, uh, you know,
let's get into it. Corey, you know, you've built Dolomite, you know, you're very successful
crypto entrepreneur yourself. You've been, you know, kind of talked up, uh, before coming up here,
uh, by, by, by the whole family, pretty much. It's awesome that, that you're involved. So
considering the high visibility of, you know, and the expectations, right. Uh, surrounding this
project, how do you approach the security and the architecture aspects of it? Cause it has to be
robust, has to be reliable. So it's important for us, you know, the crypto community to understand,
like, how are you going to make sure that this thing is like very secure?
Well, security as a whole, you know, it can never be perfect. You know,
I think of security as more of a journey. We've seen things that we thought were secure in the
early days of crypto and open finance before it was even called DeFi that we thought were good.
And certainly over time things have changed. So it's really important for not just myself,
but for this whole team to remain nimble, adapt, continue to soak up information like a sponge
as new things emerge and never get stuck in the mud of what you think is the best.
There's always going to be new, um, you know, new methodologies and new things for us to embrace.
And we have to always remain open-minded to it.
So, you know, they said that you came in as an advisor, then Zach kind of broke the news,
et cetera, your involvement, et cetera. So you were kind of put on the spotlight here,
but I, I want to know like what attracted you to this project. You're a cryptology.
You've been involved in the, in the space for a long time. I, I, when your announcement was made,
you became an advisor. Obviously I've been, you know, following this closely as I was preparing
for today for a few weeks now. Um, it's kind of like shifted even the sentiment, right? Like he was
like, Oh, Whoa, he's involved. Right. And you're my fellow crypto punk brother. So I love that.
But you know, it's got two punks on stage right now with Donald Trump. It's pretty cool, huh?
You know, but whoever would like, honestly, can we just take this back one second before we get
into that? If you would have thought six months ago that Donald Trump is dropping a decentralized
finance project, I think you're crazy.
Would anybody have believed it? Absolutely not. And also on the state with two crypto punks.
And that's the, on the state with two crypto punks, right? Uh, which is really cool. Um,
and then let alone after what happened yesterday, which obviously wasn't planned at all. And then
he's still accepted to be on here, which is really freaking cool. No, no, no. Let's get it clear.
He didn't even consider canceling. I heard, I was told that he was very excited.
Oh, he was hype. There was, there was nothing that was going to stop him.
It was funny. Everybody was like, Oh, that's not happening. That's not happening. That's not
happening. And I was like, guys, like I haven't heard, I, you guys never even told me, Hey,
this may not happen. You just told me just, we can't set up yesterday. We'll have to do it this
morning. We can't set up tomorrow. Just see you tomorrow at nine in the morning. Right. So we post
on a video earlier, but Corey, like, I want to go back to you and ask you, because it's very
important, right. For, I think for people to hear this from you, um, like, so what attracted you
to this project? Like, why are you doing this? Well, obviously the, the impact and reach for
something like this is absolutely massive. I mean, I've been building in crypto professionally since about 2017.
And I've seen the space evolve so much over time and go from what was a bunch of ragtag people
working on things and people starting up projects through small grants from the Ethereum foundation
into something much, much larger. You know, we're seeing the biggest decentralized finance protocols
handling tens of billions of dollars in AUM or assets under management. We're seeing them process
billions and sometimes even trillions of dollars worth of transactional volume. Like these are big
numbers that start to attract the eyes of, uh, you know, the banks of course, but then we've also
seen the regulators also start to catch the attention of it. And it's time to regain the focus
now and really focus in on what makes this space decentralized finance so important.
We've seen a lot of people lose sight of that over the past couple of years with, you know, the fallen,
false shepherds of Alex Mashinsky and Sam Bankman-Fried. And those people don't really represent
what our industry is all about. We really wanted to bring the spotlight back in and focus on what
really makes this space so important. And I think that, you know, Eric, Donald Jr., Eric,
Zach, Chase, they did a tremendous job of really talking about all the different pain points that we've
seen people come across over the past couple of years from beyond banks to the user experience
problems to the disenfranchisement. These are all really important problems that are not going to
go away. You know, certainly as the world becomes more polarizing, we need to find ways to coalesce
and we need to find ways to make finance not discriminate against people. And this is the obvious
solution. So it's an honor to be a part of the team and be able to help them this way. And I'm truly
humbled to be here. I love to hear that. And it's obviously like, it feels good to hear from
someone like yourself, right? So especially when it comes to, you know, the platform that needs to
be robust and secure, given all the attention and the eyes that's on there. Zach, I'm gonna go to you
here as we start closing off. Look, I'm assuming you guys are going to have a lot of news come out
as you can drip them out, et cetera, et cetera, et cetera. And, you know, I think Chase, it was pretty much
an open invite. If media wants to know more and learn more, they can reach out to you and ask you
your questions directly. But I want to ask you the questions that some people want to know.
And it's really important, uh, even for myself, like, you know, we're, we're media, we're in
crypto and I want the space to thrive. And it's important for us that, you know, you guys, you
know, doing this with the Trumps, you know, uh, puts a good, um, you know, energy out there in our
industry. Right. And a good aura over it. So, you know, the, the question that everybody wants to
know about World Liberty Financial right now is, will there be, uh, a token and, uh, and are you planning,
uh, yeah, you know, well, I'm sorry. I think we've, I think we have a request.
Yeah. Sandra, do you have my phone? One second, y'all. Okay. Well, I, I promise you we'll answer
that, but we, looks like we have a really special guest here. It doesn't matter. I have it. I have
the audio. Just get him up. Just get him up. You're good. We don't see him on the spaces.
I'm going to call him. Yeah. She's going to call him. Okay. Okay. Looks like we've got a really,
really exciting guest. Why don't I start talking? Let me answer and then we'll, we'll jump. We'll
bring them on here. So, um, what was, shoot me the question again. Sorry. It was the question
directly was like, what is there going to be a token? Okay. So I think this is probably one of
the most highly anticipated things that's out there. There's been a lot of debate. I've seen some crazy
predictions on, on, uh, the prediction markets. So everybody get ready to cash your, uh, your
tickets. The answer is yes, there will be a token. Um, because I knew you were going to ask me about
this. I prepared a written statement that I'm going to read that, you know, I'm going to give
everybody a little bit of context and make sure that they understand exactly what the token is about.
So, okay. So at world Liberty financial, we believe that it is important for there to be
broad based participation in the direction of the world Liberty financial platform and
decentralized finance as a whole. And we believe that a governance token is the best way to seek
to achieve that outcome. Therefore we're planning to sell and otherwise distribute governance tokens
called WLFI in the future. WLFI tokens are pure governance tokens, only providing the right to
make proposals and vote on matters related to the platform. WLFI will not, will be non-transferable
and do not provide any right of any economic rights, such as dividends or other distributions.
And we only want eligible people who actually plan to engage in the direction of world Liberty
financial governance to purchase the token. So this means not people that are motivated simply by
an expectation for resale for profit. Um, and a quick reminder that although we are sharing these
plans now, this discussion here that we're having is by no means intended to be an offer, uh, to sell
or a solicitation of an offer to buy tokens anywhere. Um, any such offers and sales if, and when commenced
would be done through a specific token sale with token sale terms and a separate announcement through our
official channels. So long story short, yes, there will be a token. Make sure you're following us on our
official Twitter, which is the cohost of this Twitter spaces. Do not fall for all of the, you know, scammers
and that are running rampant, avoid scams, follow us on our world Liberty financial official channel, which
you can find again as the cohost here, and you will be able to get the first information on how you can
participate in the governance token. Okay. Thank you very much. Look, I'm going to ask a few more
questions about it, but I'm assuming, you know, when I'll do my, I'll do my best. Do your best.
Listen, I know how it is. I operate a company in crypto. I know how it is. So plus I've got all of,
not even all, I've got a handful of my lawyers standing across the room, staring daggers at me.
So yeah, I mean, definitely. Uh, I can feel it. There's a lot of suits in here. Yeah. I mean,
yeah, I got my suit on. No, I'm just kidding. We're outnumbered bro. So who, who can buy it?
Okay. Great question. So although we don't consider WLFI to be a security in the light of
regulatory uncertainty surrounding tokens and token sales in general in the United States,
we've decided that it's prudent to limit the token sales to certain persons who would be eligible
to participate in transactions that are exempt from registration under the U S federal securities
law. So that means that U S persons may only participate in a potential token sale. If they
have been reasonably verified as accredited investors under what is known as regulation D.
Similarly, we would expect that any potential non U S token sale would be limited to non U S persons
and comply with applicable restrictions under what is known as regulation S. So it's reg D reg S.
Correct. Yeah. Okay. So that, I think that clears a lot of the chatter that was happening.
Yeah. There's a, there's a lot of information that's floating around out there. That's mainly
untrue. So, you know, we're going to address as much of it as we possibly can here. And obviously
we're going to be doing subsequent announcements on our social. We're going to be doing subsequent
Twitter spaces with more of the core team where we dive into stuff. We would love to have you
join us on that as well. Uh, once our lawyers tell us that we're good to go.
Of course. And, and, you know, the whole legal lease thing is just a crypto thing. Like you
would just have to do it. It's not even, it's a financial market market thing.
When we get clarity on the regulations, we'll be able to do a free Twitter spaces, but you
know, hopefully November 4th, we get that opportunity.
Oh yeah. And so I'm going to keep going, right?
Please.
Okay. And I promise y'all team, you know, the crew, the crew's getting tired, I'm sure.
But I got, I got to get nervous back there. I still got to, you know, in the words of
I think it's spreading Trump's drill, baby drill. So I think I still got a drill, baby
drill over here. So how is this token going to be distributed?
Okay. So, you know, we caution everyone, like I said, that there's a lot of scams out
there in crypto in general. Um, there may be plenty that are, you know, claiming to have
some sort of relationship with world Liberty financial. Again, if it doesn't come from our
official Twitter or telegram accounts or our website, it is not real. Don't look at the
comments on our Twitter and see the contract address posts down there. If it is not an
official post, it is not coming from us. So please be careful. Um, as far as the overall
distribution of the token, I think this might really make a few, uh, journalists cry when
they realize that they have it just so wrong. If I may say fake media will fail once again.
So let's get into the true distribution of the token. So there's been a lot of speculation.
How is the token being distributed? Yes. So it is just like any other D5 project that you can
expect to see that's launching now with incredibly fair token distribution. Approximately 63% of the
tokens are going to be sold to the public. There have been no pre-sales. There have been no VC
early buy-ins with discounted allocation. Despite any sort of speculation out there,
the first time that this will sell will be when we sell it to the public, 63% all selling to the
public. 17% have been set aside for user rewards and only 20% has been reserved for the team
compensation that includes team advisors and future hires. Um, so we would hope for broad
participation and to enable broad participation, broad participation of governance, we need to cap
that voting at 5%. So regardless of how many tokens somebody, somebody holds, they will not actually
be able to exercise a vote in excess of 5%. So this keeps the governance fair and equally distributed,
uh, and aiming for true decentralization. What was reported prior was far different from this.
Not through you guys. Shocker. They got it wrong. Shockers. So I know you guys were waiting.
They had no confirmation. Went to the news. Shocker. So I just want to confirm with you one more time and go over the
numbers again. Right. If I may 63%, approximately 63% to public sale, 63% approximately to a public sale,
approximately 17% is held for user rewards, which makes sense. Correct. Right. Cause you need something
to give to the people as the platform grows and goes incentives and 20% of the team and advisors.
Correct. Right. And then the rest, you know, that's about, that's about a hundred percent.
Sorry, there were towers into a stream. Okay. The tension's been high for the last couple of weeks.
That is a hundred percent. That is a hundred percent. So 63, 17 and 20 are the numbers.
I say approximately cause there's some decimal that are around you.
Yeah. I don't want to, I don't want to put you in, you know, sweating back there.
But it's still important for you to double down to 63% because what was reported and what was told
to me before I came here was not that. And this is one of the reasons why, you know, at least my next
question, the final question I have for you guys today.
Just to speak to that. There's a lot of things that I've read that are not true.
And you know, there's two ways of handling it, right? We could spend our whole time
trying to combat the narrative that's out there, but we all know in crypto, none of that matters.
It doesn't matter what people are writing on the internet. All that matters is on chain activity.
All that matters is how many new users sign up for Coinbase, how many new users get MetaMask accounts,
how many new users bring liquidity into the space. And that at the end of the day is what we will
ultimately be judged upon. And that is the only thing we're focusing on. So rather than getting
distracted by the articles and the requests for interviews and the hit pieces that they're
trying to put out, we are simply focused on building and growing our entire mission.
Got it. And so I guess my last and final question we'll be able to, we'll be able to get out,
you know, is how did the crypto community respond to the project so far? I'm assuming
that post this interview and the final, you know, numbers that you've given us, which were not public
until now, that may change. But so far, how has the crypto community responded to your project?
You know, there, you know, it's like, like anything, you know, you're going to have people
that accept you. You're going to have people that are jealous of you. You're going to have people that
just don't agree with your idea. And all of that is completely fine. The thing that for me has been
absolutely incredible is to see the people who I regard as, you know, the leaders in our community,
the people that I look up to, the people that I know have been here on the protocols and building
things that I use every single day have all been insanely supportive. And while, you know,
we've made a bunch of our advisor announcements, Corey's actually joined the team. We had,
we announced Sandy Pang, we announced Luke, we've announced Raphael, like a whole bunch of our really
incredible advisors. We aren't even done announcing the incredible people that are involved in the
project. And beyond that, we have even more in like big, big, big names that, you know,
are working silently, let's say, because they have investors that they need to keep happy or
whatever it might be. You have private advisors. But if, if I were to tell you who these people
were, you would be blown away. We, we have massive, massive people who have been very much at the
forefront of building the infrastructure that we all run crypto on. And they're all been very
supportive. They've reached out, they've asked what they can do to help. And it has been an
incredible experience. So for me, based on the calls that I get, the messages that I get,
and the meetings that I'm, that I'm in every single day, I can tell you that the crypto community
and the people who actually matter in the crypto community have been insanely supportive and
understand truly what president Trump and the rest of the Trumps getting involved with this means for
the space. I appreciate you clarifying that. And it's very important for us. You know, like I told you
earlier, everybody's got to kind of like earn their spot in the space. It's kind of the other way
around, right? No matter who you are. And I feel like this space, even pushing back a little bit
on, you know, a Donald Trump and, you know, co and family and you guys project is just the bad,
but there's also the good, right? It's like, Hey, show us what you got. Show us the right team
members. You have Corey here. He's going to make sure this is secure, robust. You obviously clarified
the main question that everybody had and their mothers on, on this, um, on the tokenomics,
uh, of this, of this, et cetera. More to come, of course. So with that, I think this, uh, this is
the end of, uh, of, uh, the two and a half hour stream. This was scheduled for what? Like 45 minutes
an hour. I was meant to be 45. I've met, I was meant to have president Trump for 15 minutes, but
it's staying on for 45, which is really an honor to me. He started flowing, started flowing. I mean,
look, you know, it's a, it's there. So with that, everybody listening to us on video or on audio on
replay, I'm Farouk from our radio. Thank you for having us. Please make sure you follow world
Liberty financial official Twitter account, which is co-hosting along with Farouk. Please don't fall
for scams, whether you buy our token or not doesn't matter, but please do not fall for a scam. That is
the thing that I really, really do not want to see. Yeah. So please be careful. Like anything that
is too good to be true is probably a scam. There's comments on there. It is usually fake DMs. It'll be
very clear how to participate in the token sale. And, uh, unless you go through the whitelist KYC
process, which we will be very clear about how to participate in on our socials. It is not an
official project. I love that. Well, thank you guys. Thank you very much. I do want to extend
my personal, uh, thank you to the Trump family for having myself on behalf of rug radio, uh, on the
premises of Mar-a-Lago, especially after, uh, the horrifying events of yesterday. Thank you very much.
I'm Farouk. It's rug radio. See you later.
