World Liberty Financial, the crypto business tied to President Donald Trump and his family, is pushing against an investigation from US senator Richard Blumenthal, the leading Democrat in a panel responsible for the investigation of corruption and mismanagement.
“WLFI is not running in shadows,” According to one letter The company’s lawyers were sent to the Connecticut senator. “It builds an next generation, financial financial infrastructure rooted in American trust, rules of law and economic leadership.”
Blumenthal had Target his own letter to co-founder Zach Witkoff- Set to appear Next to fellow co-founders Zak Folkman and Eric Trump in Consensus 2025 in Toronto on Friday-and asked about the ownership and investment structure for Trump-related creatures, including the WLFI and Fight Fight LLC, the company behind Trump Memecoin. Since he was not in the Most Party, Blumenthal’s investigation did not bring the full strength of the Senate’s permanent subkomite to the investigation, a panel placed inside the Committee on Homeland Security and Government Affairs.
WLFI’s response said Blumenthal’s request was “containing accuracy and basic flawed references that we could not meet in full,” but lawyers offered an example that WLFI was unrelated to battle, fight, fight LLC.
“The company rejects the wrong choice between change and supervision,” the letter said. “Its objection is the misuse of regulatory authority and uncertainty to suppress legal change.”
Son of president Eric, listed as an ambassador of web3 On the WLFI website Next to his father, the “Chief Crypto Advocate,” also appeared on Consensus 2025 on Thursday to explain how he entered the crypto and why he launched a mining firm to go public through a integration.
“We love the crypto community, and I think the crypto community really loves us,” he said in a crowded house in Toronto. “We are proud to be a big part of it.”
Crypto relationships of the Trump family are also raised by Senate Democrats opposing the law of digital assets working through Congress. Although, anticipated a bill in Stablecoin regulation to produce for a major vote next week.
