You could almost set your watch to it. A Trump gets linked to a foreign business deal with eyebrow-raising timing, a media outlet runs with the story, and before the ink is dry on the headlines, legal threats start flying.
Except this time, it is not Donald doing the legal threatening. It is Eric. And the target is Jen Psaki, the former Biden White House press secretary turned MS Now host, whose Wednesday monologue on “The Briefing” lit a fuse that Eric Trump let burn for exactly two days before he went scorched-earth on X.
On Friday, May 15, Eric posted a blistering statement announcing his intention to sue both Psaki and MS Now over what he called her “blatant lies” about his role at fintech company ALT5 Sigma and his presence alongside his father, President Donald Trump, during a state visit to Beijing.
The thing is, the truth here is genuinely murky. And that murkiness? That is where this story gets very, very interesting.
Eric’s message on X was direct and unambiguous: “I intend to sue @jrpsaki and @MSNOWNews over the below clip. To be clear: Contrary to her monologue and blatant lies, I have NEVER been on the board of ALT5, not now, not ever.”
“Any person with basic access to Google and willing to open a company’s annual report or proxy statements would know this. I have had zero involvement in any merger discussions involving any public entity I do not run or control. I have zero business interests in China. No properties, no investments, nothing!”
I intend to sue @jrpsaki and @MSNOWNews over the below clip. To be clear:
• Contrary to her monolog and blatant lies, I have NEVER been on the board of ALT5 — not now, not ever. Any person with basic access to Google and willing to open a company’s annual report or proxy…
— Eric Trump (@EricTrump) May 15, 2026
He capped it off on a warmer note, adding that he joined the China trip “for one reason: as a loving son who adores my father and wouldn’t miss being by his side for this incredible moment,” and that while his father was deep in bilateral talks with Chinese President Xi Jinping, he and his wife, Lara Trump, were sightseeing at the Great Wall.
What Psaki Actually Said, and Why the Details Matter So Much
Jen Psaki’s Wednesday monologue on “The Briefing” was pointed. She zeroed in on a Financial Times report whose headline read: “Eric Trump joins Beijing trip as family-linked group chases China deal.”
Psaki told her audience that Eric “sits on the board” of ALT5 Sigma, a Las Vegas-based fintech company, and showed footage of Eric and Donald Trump Jr. ringing the opening bell at the Nasdaq stock exchange next to signage for both ALT5 and World Liberty Financial, the Trump family’s cryptocurrency venture.
She then pointed out that the Financial Times was reporting that ALT5 had signed a memorandum of understanding with Nano Labs, a Chinese semiconductor manufacturer, to explore building AI data centers, and that Congress had previously warned that Nano Labs was connected to the Chinese Communist Party.
Her kicker landed with a smirk: “It certainly seems like Eric might be getting a little more than just quality time with his dad out of this China trip, doesn’t it?”
The problem, and the reason Eric’s legal threat has some legitimate oxygen behind it, is that Psaki’s characterization of his role at ALT5 was factually imprecise.
SEC filings reviewed by multiple outlets confirm that Eric Trump was never a full, voting board director at ALT5 Sigma in any final, operative sense. The backstory is genuinely complicated.
In August 2025, an ALT5 SEC filing announced that Eric Trump “will become a Director on its Board of Directors” as part of a major partnership involving World Liberty Financial, which poured $750 million in digital WLFI tokens into ALT5’s $1.5 billion share offering.
However, by September 2025, after consultation with Nasdaq, Eric Trump’s role was scaled back and redesignated to “board observer,” a nonvoting, non-director position that allows attendance at meetings but carries no formal governance authority.
By April 2026, Forbes reported that he had been removed entirely from the company’s public leadership page. Bloomberg confirmed his name and likeness had been taken down. As of May 2026, when Psaki aired her monologue, calling him a board member was, at the very least, outdated.
The Bigger Picture Nobody Is Quite Saying Out Loud
Here is the part that most of the coverage has danced around: the legal threat is loud, but the underlying questions are not going away just because the board title was wrong. The web of relationships here is genuinely dense.
ALT5 Sigma’s board is chaired by Zach Witkoff, the son of Steve Witkoff, who serves as President Trump’s Middle East envoy. Zach Witkoff is also the co-CEO of World Liberty Financial, the Trump family crypto venture.
World Liberty Financial was the lead investor in ALT5’s massive share offering. Eric and Donald Trump Jr. are both co-founders of World Liberty Financial.
That Nasdaq bell-ringing that Psaki showed on screen? That was an August 2025 ceremony celebrating the formal partnership between ALT5 and World Liberty Financial. The Trump family’s financial fingerprints are woven through ALT5’s infrastructure, whether Eric holds a board title or not.
And then there is the matter of ALT5’s internal turbulence, which is not being discussed nearly enough. Barron’s reported that ALT5 dismissed top executives amid financial and legal pressure.
The company had previously fired an auditor after questions arose about the auditor’s license and faced potential Nasdaq delisting tied to delayed regulatory filings.
This is a company already navigating serious structural headwinds, and it is the company linked, through multiple documented layers, to the Trump family, at the exact moment the President of the United States is sitting across a table from Xi Jinping.
Whatever Eric’s precise title was or was not, the optics are the kind that tend to generate congressional letters and inspector general referrals, not just cable news monologues.
Now for the take that will actually get people arguing: Eric Trump might win this lawsuit. Not because Psaki’s broader insinuation was wrong or unfair, but because American defamation law, particularly when applied to a public figure like Eric Trump, turns very heavily on specific factual accuracy.
Psaki said he “sits on the board.” He did not, at the time of the broadcast, hold that designation. That distinction, dry and technical as it sounds, is precisely the kind of error that gives defamation attorneys something to work with.
The irony is rich: the most defensible part of Psaki’s segment, the documented web of financial relationships between the Trumps, World Liberty Financial, ALT5, and a Chinese chip company flagged by Congress, was not the part Eric challenged.
He challenged the board title. And on the board title, the paperwork may actually be on his side. MS Now had no public comment as of Friday afternoon. Psaki had not responded publicly either.
What we are watching is a very Trump-style move executed by the younger Trump with impressive precision. Attack the most technically incorrect detail, loudly and publicly, in a way that muddies the broader story.
Whether Eric Trump ever files that lawsuit or it quietly disappears the way many such threats do, the damage to Psaki’s segment is already being done in the court of public opinion. The son, it turns out, has been paying close attention all these years.