In short
- Donald Trump Jr. He said the Trump family had not left World Liberty Financial, dispelling online rumors.
- Co-founder Zach Witkoff said the company is close to being approved by national banks.
- The company also defended its lawsuit against Tron founder Justin Sun amid their growing feud.
Donald Trump Jr. addressed rumors on Thursday that he and his family are quietly exiting World Liberty Financial, insisting that he and his family remain part of the crypto company as it faces major controversy.
“I think I saw on Twitter one time that Don and Eric left the project,” Zach Witkoff, co-founder of World Liberty, said on Thursday afternoon during an appearance at Consensus, a Miami crypto conference.
“It was news to me as well,” Trump Jr. said. stepped in, denying the rumors until the hoaxes spread online after World Liberty pulled a list of the company’s co-founders, including President Donald Trump and his three children, from the company’s website.
“You get enough people blindly following what somebody is feeding them, you get bots pushing … I don’t think I’d be here if that was the case,” Trump Jr.
“As far as I know, Don and Eric are still co-founders of the project,” Witkoff added.
The co-founders were asked to respond to the rumors that the team was in charge of, David Wachsman-a crypto PR freelancer who runs public relations for the Trump family’s crypto company.
At the panel, Wachsman also asked Trump Jr. and Witkoff to answer the case filed this week it’s World Liberty versus crypto entrepreneur Justin Sun. Sun, founder of Tron network and one of the financial sponsors of World Liberty, the defendant the company last month, saying that its management had made mistakes.
World Rights has now fired back with a defamation suit, alleging that the Sun not only publicly misrepresented the company, but also secretly shortened the company’s trademark, WLFI, in order to lower its value.
“We wouldn’t have filed the case if we didn’t have the receipts,” Witkoff said, calling the charges “a last resort.”
After Witkoff followed the demands of World Liberty. In January, the company work is part of President Donald Trump’s Treasury Department’s National Trust Bank charter, which would allow it to carry out major banking operations related to its dollar-denominated stablecoin, USD1.
“We’re very excited to get our chart,” Witkoff said. “I think we’re close to getting the official approval.”
In recent months, top Democrats have seized on World Liberty’s pending banking operations as evidence of President Trump’s “crypto fraud.” Sen. Elizabeth Warren said that the bank’s approval as proof of “pIt is perhaps the most embarrassing presidential story in US history.”
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