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The US President’s son, Donald Trump Jr., known as conflict-of-interest claims round his household’s crypto ventures “full nonsense’’ and mentioned his father doesn’t observe such investments.
“I don’t assume anybody really believes that my father…can be ledgers on the blockchain to see who purchased what, and that carrying any form of favor,” he instructed CNBC at Token2049 in Singapore.
The Trump household’s involvement within the crypto business has ballooned since President Trump took workplace in January calling himself ”crypto President.”
Its ventures embrace DeFi venture World Liberty Monetary and its flagship USD1 stablecoin, American Bitcoin mining and treasury operations, TRUMP and MELANIA meme cash, and deliberate crypto ETFs.
The President’s Mission Is “A lot Greater” Than World Liberty Monetary
Trump Jr., who’s a co-founder of World Liberty Monetary, was accompanied by the DeFi agency’s CEO Zach Wilkoff at Token2049, whose dad Steve Wilkoff is the US Particular Envoy to the Center East below the Trump Administration.
Wilkoff echoed Trump Jr.’s sentiment, and mentioned that their mission with World Liberty Monetary is huge, however their dads’ mission below the Trump Admin is “a lot larger.”
”They’re not targeted on stablecoins, nor are they concerned in a stablecoin enterprise,” Wilkoff mentioned.
Their remarks observe the launch of World Liberty Monetary’s personal stablecoin, USD1, in March this 12 months. Since then, the token has climbed the rankings to grow to be the fifth-biggest stablecoin by market cap.
Prime 5 stablecoins by market cap (Supply: CoinMarketCap)
Information from CoinMarketCap exhibits that the token has a capitalization of over $2.68 billion, whereas the market’s leaders USDT and USDC are valued at over $175.81 billion and $74.12 billion, respectively.
Just some months after USD1 was launched, President Trump signed the GENIUS stablecoin Act into regulation, which establishes a regulatory framework for stablecoin corporations seeking to concern their tokens within the US.
Along with the USD1 launch, World Liberty Monetary additionally launched its governance token WLFI in September. A number of main crypto exchanges similar to Binance, KuCoin, OKX and others all added the crypto to their platforms when it debuted.
Within the final 24 hours, WLFI has pumped over 4% to commerce at $0.271 as of 4:40 a.m. EST, however stays greater than 14% down over the previous month.
World Liberty Monetary “Not A Political Group”
Critics have questioned World Liberty Monetary’s political connections because the agency pursues offshore offers and expands its choices, particularly given President Trump’s capability to affect digital asset coverage within the US.
Each Trump Jr. and Wilkoff took the chance to downplay their political connections throughout a keynote speech at Token2049. Trump emphasised that the corporate goals to enhance and democratize finance, including that World Liberty Monetary is “100% not a political group.”
The corporate’s web site exhibits {that a} agency linked to President Trump, DT Marks DEFI LLC, together with a number of members of the Trump household, at present obtain a significant share of the income generated by the platform and likewise maintain WLFI tokens.
That web site, nevertheless, additionally states that President Trump, members of his household or any members of DT Marks DEFI LLC are usually not an “officer, director, founder, or worker of, or supervisor, proprietor or operator of World Liberty Monetary or its associates.”
Disclaimer separating Trump and his household from the DeFi venture (Supply: World Liberty Monetary)
US President Criticized For Crypto Embrace And A number of Ventures
President Trump was as soon as a skeptic of digital belongings. Since coming into the White Home for a second time period in the beginning of the 12 months, the President has pushed ahead with a number of pro-crypto insurance policies. He has additionally appointed long-time crypto advocates in numerous key positions.
Below the Trump administration, the US Securities and Alternate Fee (SEC) and the Commodity Futures Buying and selling Fee (CFTC) have began collaborating to ease crypto regulation in addition to set up a transparent regulatory framework for digital belongings.
Given the involvement within the crypto business, Democratic lawmakers similar to Elizabeth Warren and Consultant Maxine Waters have known as for investigations into the President and his household for doable conflicts of curiosity.
America First? Nope.
Donald Trump is promoting out our nationwide safety by way of shady overseas crypto offers that enrich his household’s crypto agency.
Any crypto invoice should ban Trump, his household & senior officers from profiting.
In any other case, Congress is turbocharging corruption. pic.twitter.com/HhimppHe3H
— Elizabeth Warren (@SenWarren) September 19, 2025
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