Trump Family Denies Exit From Shady Crypto Venture as Bank License Nears Approval

The Trump family’s crypto venture World Liberty Financial (WLFI) is doubling down amid swirling rumors of a quiet family exit. At the Miami Consensus conference, Donald Trump Jr. and co-founder Zach Witkoff publicly shot down claims that Trump sons Don and Eric had abandoned the project. The confusion stemmed from WLFI removing the Trump family’s names from its official website, a move that critics say was an attempt to dodge scrutiny as bot accounts amplified false narratives on social media.

“I think I saw on Twitter that Don and Eric have abandoned this project,” Witkoff said on stage, only to be corrected by Trump Jr.: “That news is also new to me.” Trump Jr. emphasized that if the family had truly left, he wouldn’t be standing there defending the company. Witkoff confirmed that Don and Eric remain co-founders “to the best of my knowledge,” though the company’s PR chief moderated the session, raising questions about transparency.

The conference also highlighted WLFI’s ongoing legal drama. After crypto entrepreneur Justin Sun, founder of the TRON network and one of WLFI’s largest backers, sued the company alleging serious misconduct, WLFI fired back with a countersuit. The countersuit accuses Sun of spreading false information and secretly shorting WLFI’s native token to tank its price. Witkoff insisted the countersuit was a “last resort” backed by evidence.

Most alarming, however, is WLFI’s application for a national trust bank charter with the Office of the Comptroller of the Currency (OCC). Approval would allow WLFI to operate as a bank and provide critical services for its dollar-pegged stablecoin USD1, effectively blending unregulated crypto schemes with traditional banking. Witkoff claimed the company is “in the final stage of receiving conditional approval” for the charter.

Democrats, led by Senator Elizabeth Warren, have condemned this application as a glaring example of presidential corruption, calling it “perhaps the most disgraceful presidential corruption scandal in American history.” The Trump family’s effort to secure a federally regulated bank license for their crypto venture underscores how they continue to exploit political power for financial gain under the radar.

As WLFI pushes forward, the stakes couldn’t be higher. This isn’t just about crypto tokens or lawsuits — it’s about the Trump family’s brazen attempt to embed themselves deeper into the financial system with minimal oversight. We’ll be watching closely as regulators decide whether to greenlight this risky gamble. One thing is clear: the Trump family’s financial grift is far from over.