Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
No Conflict of Interest: Trump Jr. Clears Crypto Controversy

No Conflict of Interest: Trump Jr. Clears Crypto Controversy

CoinspeakerCoinspeaker2025/10/01 16:00
By:By Parth Dubey Editor Julia Sakovich

Donald Trump Jr. defended World Liberty Financial against conflict-of-interest allegations surrounding President Donald Trump.

Key Notes

  • Trump Jr.
  • rejected claims of conflicts of interest in World Liberty Financial.
  • USD1 has grown into the fifth-largest stablecoin globally, with a $2.7 billion market cap.
  • The firm plans to launch a debit card and explore tokenized commodities.

Donald Trump Jr. has pushed back against criticism surrounding World Liberty Financial, the crypto venture tied to the Trump family, insisting the company operates independently of his father’s presidency.

Speaking at Token2049 in Singapore, Trump Jr. described allegations of conflicts of interest as unfounded. He also added that neither President Donald Trump nor other senior officials are involved in the firm’s operations.

President Trump Is Not Involved

World Liberty Financial, co-founded by Trump Jr. and led by CEO Zach Witkoff, was launched in late 2024. The company introduced its stablecoin USD1 earlier in 2025, pegged to the US dollar and backed by short-term Treasuries.

Alongside USD1, blockchain-based token WLFI was launched as well, giving holders voting rights on protocol changes. Despite family-linked entities holding WLFI tokens and sharing in revenue, official filings state that neither the President nor his organization has any managerial role within the venture.

Growth and Expansion Plans

According to CoinMarketCap , USD1 has already grown into the fifth-largest stablecoin globally with a market capitalization of roughly $2.7 billion. However, this is only the beginning.

CEO Witkoff said that his firm plans to debut a crypto debit card within the next two quarters. The card aims to bridge digital assets with everyday spending, offering a direct link between blockchain holdings and consumer purchases.

World Liberty is also exploring the tokenization of commodities such as oil, gas, and timber, positioning USD1 as the base currency for these digital assets.

Trump Jr. claimed that World Liberty Financial is not a political entity but a part of a broader effort to inject real-world utility into the crypto economy. From digital payments to tokenized assets, World Liberty seeks to build lasting adoption for crypto.

WLFI Price Breakdown

As CoinMarketCap data shows, WLFI is trading at $0.2065, up more than 3% in the past 24 hours. The cryptocurrency’s trading volume has dropped 15.62% as it still trades at a 55% discount to its all-time high.

The 3-hour chart below shows that WLFI is currently hovering just below the upper band at $0.2099 and slightly above the 20-period moving average ($0.2012). This suggests a mildly bullish bias in the very short term.

From the MACD indicator, it is clear that the MACD line is marginally above the signal line, indicating weak bullish momentum while the RSI is neutral but slightly leaning toward the bullish side.

No Conflict of Interest: Trump Jr. Clears Crypto Controversy image 0

WLFI 3-hour chart with momentum indicators | Source: TradingView

Meanwhile, the Chaikin Money Flow (CMF) at +0.07 points to a small inflow of capital into the asset, indicating some accumulation.

A short-term breakout above $0.2100 could pave the way for a move toward $0.2200–$0.2300. However, failure to hold above the moving average may bring a retest of the lower Band support around $0.1925, a massive buy zone for WLFI.

next
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The ChainOpera AI Token Crash: A Warning Story for AI-Based Cryptocurrency Initiatives Facing Regulatory and Market Challenges

- COAI token's 90% collapse highlights risks of centralized governance and unregulated AI in crypto. - Regulatory ambiguity under the CLARITY Act exacerbated volatility and investor uncertainty. - Unaudited AI algorithms and lack of stress-testing mirrored past financial crises, prompting calls for global oversight. - Investors now prioritize decentralized, auditable projects amid lessons from COAI's implosion.

Bitget-RWA2025/12/11 06:10
The ChainOpera AI Token Crash: A Warning Story for AI-Based Cryptocurrency Initiatives Facing Regulatory and Market Challenges

Momentum (MMT) Gaining Traction Through Key Alliances and Growing Attention from Institutions

- Momentum (MMT) gains traction in 2025 via strategic partnerships with Sui , Coinbase , and OKX, boosting institutional adoption. - A $10M HashKey Capital funding round and regulatory clarity underpin MMT's cross-chain DEX launch and RWA tokenization efforts. - Ve(3,3) governance and buybacks drive deflationary dynamics, with TVL exceeding $600M and $1.1B daily trading volumes. - Technical indicators signal potential bullish reversal at $0.52–$0.54, despite 70% post-TGE price correction and volatile forec

Bitget-RWA2025/12/11 05:32
Momentum (MMT) Gaining Traction Through Key Alliances and Growing Attention from Institutions

ALGO Falls by 3.33% Amidst Market Developments and Announced Restructuring Plans

- ALGO drops 3.33% in 24 hours, part of a broader 61.02% annual decline amid volatile market conditions. - Upcoming Swiss rate decisions, U.S. jobless claims, and bond auctions may intensify market uncertainty affecting crypto assets. - Argo Blockchain's approved restructuring plan, including new mining equipment, could indirectly impact ALGO supply/demand dynamics. - Market participants monitor macroeconomic indicators and blockchain sector developments to gauge ALGO's future trajectory.

Bitget-RWA2025/12/11 05:22
ALGO Falls by 3.33% Amidst Market Developments and Announced Restructuring Plans

LUNA Value Increases by 10.29% Over 24 Hours as Network Upgrade and Growing Inflows Drive Momentum

- LUNA surged 10.29% in 24 hours, driven by a network upgrade and rising on-chain inflows. - The terrad v3.6.1 upgrade aims to resolve legacy contract issues and enhance blockchain security ahead of December 18 implementation. - Derivatives open interest in LUNC futures rose to $25.55M, signaling renewed investor confidence linked to the upgrade. - Technical indicators show LUNA trading above 50-week EMA with RSI at 56, suggesting sustained upward momentum. - Analysts project continued gains if the upgrade

Bitget-RWA2025/12/11 05:22
LUNA Value Increases by 10.29% Over 24 Hours as Network Upgrade and Growing Inflows Drive Momentum
© 2025 Bitget