While so much of the focus on Wednesday’s Michael Cohen hearing centered on the potential implications on the Robert Mueller probe, Chris Wallace of Fox News believes the biggest bombshell to come out of the proceeding might not have anything to do with the special counsel.

During a recess in the hearing, Wallace said he believes Cohen’s testimony indicates that President Donald Trump may be facing “criminal exposure” in New York.

“It may not get the most attention, but I thought the most explosive piece of information was the fact that there is an on going criminal investigation by the Southern District of New York — those are the local prosecutors in Manhattan, not the special counsel — about possible crimes involving President Trump,” Wallace said. “And that Michael Cohen is participating under that investigation, and in fact, has been told by prosecutors there are certain things he can’t discuss. So that raises the real possibility of criminal exposure — not to say that he’s been indicted or charged with anything — but the potential of criminal exposure for President Trump in the Southern District of New York.”

Wallace added, “The real news here today is what was learned about Donald Trump. And while lot of it doesn’t have proof or corroboration, there was definitely some smoke here.”

Watch above, via Fox News.

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