Joe Biden did not resign tonight, but he has already delegated his presidential powers to Secretary of the Treasury Janet Yellen and Secretary of State Antony Blinken.

This transfer occurred nine days after the attempted assassination of Trump and after Trump and Zelensky discussed a peace deal.

This was done under the Ukrainian Prosperity Act, which includes provisions on the confiscation of sovereign Russian assets.

The memorandum states that Treasury Secretary Janet Yellen and Secretary of State Antony Blinken have been given the authority "vested in the president" by a number of provisions of the law.

This refers to the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act.

Reminder, BlackRock, the largest asset manager in the world and JPMorgan, are aiming to put together billions of dollars in aid to rebuild Ukraine.