World Liberty Financial Responds to U.S. Senator’s Inquiry on Crypto Operations
World Liberty Financial (WLFI), linked to Donald Trump, is responding to U.S. Senator Richard Blumenthal's scrutiny regarding its operations and connection to Trump-affiliated entities.
- WLFI asserts it operates transparently and is building a financial infrastructure based on trust and law.
- Blumenthal questioned WLFI's ownership structure and its ties to Fight Fight Fight LLC, the organization behind a TRUMP memecoin.
- WLFI's lawyers stated Blumenthal's claims contain inaccuracies and clarified that WLFI is not affiliated with Fight Fight Fight LLC.
- The company emphasizes the need for balanced innovation and oversight without regulatory misuse.
- Eric Trump, listed as a Web3 ambassador for WLFI, spoke at Consensus 2025, highlighting his positive engagement with the crypto community.
- Senate Democrats have raised concerns about the Trump family's involvement in cryptocurrencies amid ongoing legislation discussions, including a stablecoin regulation bill expected for a vote next week.