Trump Jr. Denies Conflict in World Liberty Financial Venture
Donald Trump Jr. has addressed criticism regarding World Liberty Financial, a crypto venture associated with the Trump family, stating it operates independently from his father's presidency. Speaking at Token2049 in Singapore, he refuted conflict of interest claims, emphasizing that neither President Donald Trump nor senior officials are involved in the firm's operations.
Company Overview
- World Liberty Financial was co-founded by Trump Jr. and is led by CEO Zach Witkoff.
- The company launched its stablecoin USD1 in early 2025, pegged to the US dollar and backed by short-term Treasuries.
- WLFI token was also introduced, providing holders with voting rights on protocol changes.
- Despite family-linked entities holding WLFI, official filings confirm no managerial role for the President or his organization.
Growth and Expansion Plans
- USD1 is the fifth-largest stablecoin globally, with a market cap of approximately $2.7 billion.
- Plans to introduce a crypto debit card within two quarters, connecting blockchain holdings with consumer purchases.
- Exploring tokenization of commodities like oil, gas, and timber, using USD1 as the base currency.
WLFI Market Performance
- WLFI is trading at $0.2065, up over 3% in the past 24 hours, but 55% below its all-time high.
- Trading volume decreased by 15.62%.
- Technical indicators suggest mild bullish momentum and potential capital inflow.
- A breakout above $0.2100 could lead to higher targets, while failure to maintain above moving averages may result in retesting lower support levels.
