Overview
World Liberty Financial (WLFI), a cryptocurrency company associated with President Donald Trump, responded to U.S. Senator Richard Blumenthal’s recent inquiries alleging mismanagement and corruption within its operations.
Key Points
- The firm’s attorneys denied Blumenthal’s claims, defending its legitimacy within the financial sector.
- Senator Blumenthal’s scrutiny pointed towards key figures associated with WLFI, including its co-founders and family members of the former President.
According to a letter from WLFI’s legal team, “WLFI is not operating in the shadows. It is building a next-generation, auditable financial infrastructure rooted in American trust, rule of law and economic leadership.”
Senator Blumenthal’s inquiry specifically targeted Zach Witkoff about the investments and ownership structures linked to Trump-affiliated businesses, including WLFI and the TRUMP memecoin backing company, Fight Fight Fight LLC.
The request from Blumenthal, as WLFI’s response indicates, “contains inaccuracies and fundamentally flawed inferences that we will not address in full.”
Furthermore, Eric Trump highlighted his positive experiences within the cryptocurrency community during a recent appearance at the Consensus 2025 event in Toronto. He expressed pride in being part of the crypto landscape, stating, “We have come to love the crypto community, and I think the crypto community has really come to love us.”
The discussions around WLFI are part of broader scrutiny of digital assets legislation in Congress, with anticipated votes on stablecoin regulations in the near future.
