US EditionTrump-Tied World Liberty Financial Rebuffs U.S. Senator's Probe
- In March 2025, World Liberty Financial , a crypto firm connected to President Trump, launched the USD1 stablecoin amid increasing political scrutiny in the United States.
- Senator Richard Blumenthal launched an inquiry into USD1 regarding potential conflicts and improper financial activities connected to entities associated with President Trump.
- WLFI's lawyers called Blumenthal's probe 'fundamentally flawed' and based on incorrect information, stressing the company will not fully engage with the inquiry.
- USD1, supported by U.S. Treasury securities and comparable liquid assets, has a market capitalization exceeding $2.1 billion and was chosen as the official stablecoin for MGX’s unprecedented $2 billion investment in Binance.
- Despite regulatory tensions, WLFI aims to advance its stablecoin via a 99.96% approved airdrop test, promoting innovation while opposing regulatory misuse to suppress lawful development.
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14 Articles
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…
WLFI Rejects US Senator Blumenthal’s Claims, Denies Zanker Ties – Bitcoin News
World Liberty Financial Inc. has denied claims of ties to Bill Zanker and his entity, calling these assertions unfounded. Blumenthal Claims Based on ‘Fundamentally Flawed Premise’ The Trump family-affiliated cryptocurrency company World Liberty Financial Inc. (WLFI) has rejected as unfounded assertions that it has ties to Bill Zanker or his company. In a letter, shared […]
World Liberty Financial dismisses Congressional oversight concerns
The World Liberty Financial Oversight Congress recently convened to discuss global financial systems and regulations. The event brought together key financial stakeholders, experts, and policymakers to address issues related to financial oversight and economic stability. Discussions centered around the importance of promoting transparency, accountability, and cooperation among countries to ensure a secure and efficient financial environment. One…
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