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Trump-Tied World Liberty Financial Rebuffs U.S. Senator's Probe
- World Liberty Financial launched its USD1 stablecoin in March 2025, aiming to expand financial services internationally.
- U.S. Senator Richard Blumenthal initiated a probe on May 16, 2025, over concerns about conflicts of interest tied to the Trump family and WLFI's projects.
- WLFI's legal representatives criticized the investigation as deeply flawed and denied any connection between the company and Fight, Fight, Fight LLC, asserting that the stablecoin complies with regulations.
- USD1, supported by a reserve of U.S. Treasuries and cash equivalents, has surpassed a market capitalization of $2.1 billion and experienced a trading volume increase of over 6,700% shortly after its debut.
- The controversy highlights ongoing tensions between rapid crypto innovation and calls for stricter regulation to ensure transparency and protect investors.
17 Articles
17 Articles
We won’t be intimidated while building, says WLF co-founder to Senate – CryptoTvplus - The Leading Blockchain Media Firm
We won’t be intimidated while building, says WLF co-founder to Senate May 17, 2025 https://cryptotvplus.com/2025/05/we-intimidated-while-building-wlf-co-founder-senate/World Liberty Financial (WLF), a crypto firm connected to President Donald Trump, replied to the Senate on its investigation into its USD1 stablecoin, stating that WLF will not be intimidated by the investigation. Zach Witkoff, the co-founder of WLF, who wrote the response to the …
Senator Slams Trump’s World Liberty Financial Over ‘Seriously Inadequate’ Response to Inquiry - Invest In Crypto News
Sen. Richard Blumenthal (D-CT) skewered the Trump family’s crypto firm, World Liberty Financial, on Friday—for what he called its “seriously inadequate” response to a Senate inquiry into the company’s business practices. “This seriously inadequate response conveniently avoids the fact that foreign governments and others can enrich and compromise the President through World Liberty Financial,” Blumenthal said Friday in a statement shared with De…
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Bitcoin Ethereum NewsSenator Slams Trump’s World Liberty Financial Over 'Seriously Inadequate' Response to Inquiry
Earlier this month, Senator Blumenthal launched an inquiry into whether the Trump family’s crypto venture has violated federal laws.
World Liberty Financial Responds to Senate Investigation on Stablecoin
According to the information, the investigation is based on flawed assumptions and lacks merit. The company has raised concerns about the fairness of Blumenthal’s inquiries. Blumenthal’s Allegations Against Trump Ties Blumenthal, a key figure in the Senate Permanent Subcommittee on Investigations, recently contacted WLF and Fight Fight Fight LLC—the company behind the Trump memecoin—alleging possible breaches of federal law. He suggests that the…
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