Donald Trump Jr. has vehemently denied accusations that World Liberty Financial (WLF), a cryptocurrency venture associated with his family, is exploiting political ties for regulatory or financial gains. Speaking at the Token2049 conference in Singapore, he dismissed the concerns as "complete nonsense," asserting that WLF is a professionally run entity with independent governance, clear compliance frameworks, and no reliance on political favoritism.
The backlash follows multiple reports questioning whether WLF could be using the Trump name to secure advantages, especially as President Trump and his family expand their footprint in digital assets through projects like American Bitcoin. In defense, Trump Jr. and co-founder Zach Witkoff, whose father served as a U.S. Special Envoy, emphasized that the company is 100% not a political organization. They shared audit documentation, termed the Gold Paper, to highlight independent decision-making and third-party oversight, aiming to reassure investors and regulators.
Despite these transparency efforts, Democratic lawmakers, including Senators Elizabeth Warren and Maxine Waters, have called for investigations, labeling the connections an "unprecedented conflict" that could influence crypto policy. WLF's token, WLFI, is currently trading at $0.20, recording a 7% weekly gain but remains 37% below its all-time high of $0.33 from its September 1 debut. The company's website notes that Trump-affiliated entities receive revenue shares but hold no formal roles.
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