Trump-tied World Liberty Financial Rebuffs U.S. Senator’s Probe

World Liberty Financial, the crypto enterprise tied to President Donald Trump and his household, is pushing again in opposition to scrutiny from U.S. Senator Richard Blumenthal, the main Democrat on a panel chargeable for investigating corruption and mismanagement.

“WLFI is not operating in the shadows,” in line with a letter the corporate’s legal professionals despatched to the Connecticut senator. “It is building a next-generation, auditable financial infrastructure rooted in American trust, rule of law and economic leadership.”

Blumenthal had focused his personal letter at co-founder Zach Witkoff — set to look alongside fellow co-founder Zak Folkman and Eric Trump at Consensus 2025 in Toronto on Friday — and requested in regards to the possession and funding construction for Trump-affiliated entities, together with WLFI and Fight Fight Fight LLC, the corporate behind the TRUMP memecoin. Since he is not within the majority social gathering, Blumenthal’s probe does not carry the total drive of the Senate’s Permanent Subcommittee on Investigations, a panel housed throughout the Committee on Homeland Security and Government Affairs.

The WLFI response mentioned Blumenthal’s request “contains inaccuracies and fundamental flawed inferences that we will not address in full,” however the legal professionals supplied the instance that WLFI has no affiliation with Fight, Fight, Fight LLC.

“The company rejects the false choice between innovation and oversight,” the letter mentioned. “What it opposes is the misuse of regulatory authority and uncertainty to suppress lawful innovation.”

The president’s son, Eric, who’s listed as a Web3 ambassador on the WLFI web site alongside his father, the “chief crypto advocate,” additionally appeared at Consensus 2025 on Thursday to elucidate how he entered crypto and why he launched a mining agency set to go public through a merger.

“We have come to love the crypto community, and I think the crypto community has really come to love us,” he advised a crowded home in Toronto. “We’re so proud to be a big part of it.”

The Trump household’s crypto ties have additionally been raised by Senate Democrats objecting to digital belongings laws working its means by way of Congress. Even so, a stablecoin regulation invoice is anticipated to return up for a key vote subsequent week.

Read More: Eric Trump Says He Got Into Crypto Amid Political Attack, Calls Bitcoin ‘Digital Gold’