Trump Family Crypto Scheme Isn’t Dead Yet: Trump Jr. Denies Exit from World Liberty Financial

Forget the chatter on Twitter and the bots spreading misinformation: Donald Trump Jr. insists he and his siblings are still fully involved in World Liberty Financial, the Trump family’s controversial crypto outfit. At a Miami conference panel, Trump Jr. and co-founder Zach Witkoff slammed rumors suggesting the Trump sons had quietly bailed on the project.

“It was news to me too,” Witkoff said when asked about reports that Don Jr. and Eric Trump had abandoned the company. Trump Jr. echoed the sentiment: “I don’t think I’d be on this stage here if that was the case.” Both confirmed that the Trump brothers remain co-founders, despite the company quietly removing their names from its website recently.

World Liberty Financial is no ordinary crypto startup. It’s a pay-to-play scheme where the Trump family leverages the presidency to enrich themselves through unregulated financial instruments — in this case, a native token called WLFI and a dollar-pegged stablecoin, USD1. The company is now aggressively pursuing a national trust bank charter from the Treasury Department, which would give it significant banking powers and regulatory cover.

This charter application has drawn sharp criticism from Democrats like Senator Elizabeth Warren, who calls it “perhaps the most disgraceful presidential corruption scandal in U.S. history.” The prospect of a Trump-linked crypto firm gaining a federal banking license highlights the brazen self-dealing and regulatory capture at the heart of this administration.

Adding fuel to the fire, World Liberty is embroiled in a bitter legal feud with Justin Sun, founder of the Tron network and one of the firm’s top financial backers. Sun sued World Liberty last month, accusing the company’s leadership of rampant misconduct. In response, World Liberty fired back with a defamation lawsuit, alleging Sun spread falsehoods and manipulated WLFI’s token price by shorting it.

“We wouldn’t have filed the lawsuit if we didn’t have the receipts,” Witkoff said, framing the legal battle as a “last resort.” But this public squabble only exposes the chaotic and shady nature of the operation.

In short, the Trump family’s crypto hustle is alive and kicking. Behind the scenes, they’re pushing for regulatory approval that would legitimize their financial gambit while continuing to battle accusations of fraud and corruption. For anyone watching the Trump administration’s endless self-enrichment schemes, World Liberty Financial is just the latest chapter — and it’s far from over.