Trump Jr. dismisses crypto conflicts of interest tied to WLFi
Donald Trump Jr. rejected allegations that his family's crypto venture poses conflicts of interest, telling CNBC at Token2049 in Singapore on October 1 that suggestions of political influence through World Liberty Financial are "complete nonsense."
Trump Jr. said, "I don't think anyone actually believes that my father … would be looking at ledgers on the blockchain to see who bought what, and that carrying any kind of favor." He stated the company is "100% not a political organization."
Trump Jr., co-founder of World Liberty Financial, appeared alongside CEO Zach Wilkoff, son of Steve Witkoff, who serves as U.S. Special Envoy to the Middle East under the Trump administration. Wilkoff said, "Don and my World Liberty mission is big, but our dads' mission is much bigger. They're not focused on stablecoins, nor are they involved in a stablecoin business."
World Liberty Financial launched in September 2024 and introduced its USD1 token six months later. The token is pegged to the U.S. dollar and backed by short-term U.S. treasuries. The firm offers a governance token, WLFI, providing holders with voting rights.
Trump Jr., co-founder of World Liberty Financial, appeared alongside CEO Zach Wilkoff, son of Steve Witkoff, who serves as U.S. Special Envoy to the Middle East under the Trump administration. Wilkoff said, "Don and my World Liberty mission is big, but our dads' mission is much bigger. They're not focused on stablecoins, nor are they involved in a stablecoin business."
World Liberty Financial launched in September 2024 and introduced its USD1 token six months later. The token is pegged to the U.S. dollar and backed by short-term U.S. treasuries. The firm offers a governance token, WLFI, providing holders with voting rights.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
