CNBC’s MacKenzie Sigalos joins ‘Squawk Box’ to report on the details of Trump family’s new crypto venture.
The Trump family, along with Steve Witkoff and his sons, are involved in a new crypto plan, launching a platform for lending and borrowing cryptocurrencies.
A token will be issued, but the team will only hold 20% of the total tokens, unlike the widely reported 70%.
The tokens are governance coins, not providing dividends or distributions, and it’s unclear if they can be cashed out.