Here’s what set him off. On her MS NOW show, Jen Psaki highlighted a Financial Times investigation showing that while Eric was flying to Beijing with Donald Trump, a Las Vegas-based fintech company called Alt5 Sigma — closely tied to the Trump family’s crypto venture, World Liberty Financial — had just signed a memorandum of understanding with Chinese chipmaker Nano Labs to explore AI data centers and cloud AI platforms in the United States.
Financial filings and reporting show Eric holds an “observer” role linked to Alt5’s board, even as the company raises over a billion dollars with major backing from the Trump crypto venture.
Nano Labs isn’t some random startup. A bipartisan congressional China committee has already flagged the firm as high‑risk, warning regulators that one of its executives connects Chinese military interests to Western markets and listing the company over concerns about ties to the Chinese Communist Party.
While none of that was disclosed to voters, Eric and his brother were photographed ringing the New York Stock Exchange opening bell with the Alt5 Sigma name glowing behind them.
Psaki walked viewers through this: the Beijing trip, the Alt5 Sigma–Nano Labs AI deal, the congressional warnings, and the Trump family’s deep financial entanglement through World Liberty Financial.
She questioned why the president’s son was on a state visit at the exact moment a family‑linked company was exploring a sensitive tech deal with a Chinese firm on Washington’s radar.
Eric’s response wasn’t to answer those questions. Instead, he jumped on X to accuse Psaki and MS NOW of “blatant lies” and announced plans to sue. He insisted he has “zero business interests in China” and claimed he has never been “on the board” of Alt5 — a carefully worded denial that doesn’t touch his observer role or his family’s financial stake.
Meanwhile, the reporting stands. The Financial Times story is public. Securities documents exist. Congressional warnings are on the record.
The lawsuit threat doesn’t erase any of that — it just shows how desperate the Trump family is to keep people from connecting the dots between their diplomacy, their crypto venture, and a Chinese AI partner Congress is already worried about.
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