Donald Trump Jr. Calls Crypto Conflict of Interest Claims ‘Complete Nonsense’
Donald Trump Jr dismissed criticism that World Liberty Financial presents battle of curiosity, telling CNBC at Singapore’s Token2049 convention that issues are “full nonsense.”
The president’s eldest son acknowledged he doesn’t consider anybody thinks his father “could be taking a look at ledgers on the blockchain to see who purchased what, and that carrying any type of favor.”
Trump Jr., a co-founder of World Liberty Financial, appeared alongside CEO Zach Witkoff, son of U.S. Special Envoy to the Middle East Steve Witkoff.
The executives emphasised their agency is “100% not a political group” throughout a keynote speech, regardless of the corporate’s open connections to the Trump administration because it pursues international offers and expands into debit funds and tokenized commodity property.
World Liberty Financial launched its USD 1 stablecoin in March 2025, six months after the corporate was based in September 2024.
The dollar-pegged token is backed by short-term U.S. authorities treasuries and features a publicly traded governance token known as WLFI.
According to the corporate’s web site, DT Marks DEFI LLC and Trump members of the family obtain a serious share of platform income and maintain WLFI tokens.
However, Donald Trump and his household don’t have any officer, director, or worker positions.
The Trump household’s crypto portfolio has grown to exceed $1.2 billion throughout a number of ventures.
As of June, President Trump holds 15.75 billion WLFI tokens, representing 15.75% management of your complete mission.
His official monetary disclosure exhibits $57.4 million in private revenue from World Liberty Financial over the previous 12 months.
His NFT collections generated a further $1.16 million; nonetheless, these figures exclude substantial charges from the $TRUMP meme coin, during which his companies maintain an 80% stake.
Family Empire Spans Mining Operations to Treasury Strategies
The Trump household’s crypto actions prolong properly past World Liberty Financial.
American Bitcoin, co-founded by Eric Trump and backed by Donald Trump Jr., surged 110% at its September debut following an all-stock merger with Nasdaq-listed Gryphon Digital Mining, briefly valuing the brothers’ mixed stake at $2.6 billion earlier than closing at round $1.5 billion.
The firm operates roughly 6,000 mining computer systems and has entered right into a $2.1 billion managed inventory providing with Cantor Fitzgerald and Mizuho Securities to accumulate extra Bitcoin and improve its mining know-how.
Trump Media & Technology Group raised $2.5 billion in May to construct a Bitcoin treasury, at the moment holding roughly 18,430 BTC price $2.1 billion.
As of June, Bitcoin represents greater than 40% of TMTG’s general market capitalization.
However, its shares have persistently underperformed the crypto itself, falling 47% over the identical six-month interval, whereas Bitcoin gained 10.6% throughout that point.
Donald Trump Jr. additionally purchased 350,000 shares in Thumzup Media Corporation price practically $3.3 million in July.
The Nasdaq-listed firm subsequently acquired DogeHash Technologies in an all-stock deal, creating what executives describe because the world’s largest Dogecoin mining platform with over 4,000 operational rigs expected by year-end.
Trump-affiliated Thumzup invests $2.5 million in Dogecoin mining growth, including 500+ new ASIC miners forward of DogeHash acquisition.#Dogecoin #Mininghttps://t.co/RGjhRys7bX
— Cryptonews.com (@cryptonews) October 1, 2025
Democratic Lawmakers Label Ventures ‘Unprecedented Conflict’
Democratic Senators Elizabeth Warren and Representative Maxine Waters have led calls for investigations into World Liberty Financial, labeling the corporate an “unprecedented battle” that might sway crypto coverage.
The House Committee on Financial Services Democratic Caucus stated Trump “rewrote the principles, then cashed in on the chaos he helped create” by gutting oversight and hyping dangerous tokens.
Citizens for Responsibility and Ethics in Washington described Trump’s deep crypto ties, involving partnerships with overseas companies, as “unprecedented.”
The group tracked over 3,700 conflicts of curiosity throughout Trump’s earlier time period and warned he seems “poised to rack up extra conflicts than ever, with even much less transparency than final time.”
An evaluation by The Washington Post revealed that roughly 20% of present Trump advisors actively maintain cryptocurrencies.
Trump’s youngest son, Barron, described as a “Web3 ambassador” in World Liberty Financial’s documentation, is estimated to be price $40 million from his function within the household’s crypto companies.
The household’s ventures additionally embrace NFT buying and selling playing cards, two memecoins, the Truth Social Bitcoin ETF, and a not too long ago launched $6.42 billion digital asset treasury company in partnership with Crypto.com.
Trump’s crypto wealth now represents roughly 9% of his estimated $6 billion fortune, marking the primary time digital property have accounted for a large portion of his wealth as his actual property holdings decline.
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