Donald Trump Jr. Calls Crypto Battle of Curiosity Claims ‘Full Nonsense’

Donald Trump Jr dismissed criticism that World Liberty Monetary presents battle of curiosity, telling CNBC at Singapore’s Token2049 convention that considerations are “full nonsense.”

The president’s eldest son acknowledged he doesn’t consider anybody thinks his father “could be ledgers on the blockchain to see who purchased what, and that carrying any sort of favor.”

Trump Jr., a co-founder of World Liberty Monetary, appeared alongside CEO Zach Witkoff, son of U.S. Particular Envoy to the Center 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 belongings.

World Liberty Monetary 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 referred to as WLFI.

In response 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.

Nonetheless, 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 all the challenge.

His official monetary disclosure reveals $57.4 million in private earnings from World Liberty Monetary 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, by which his companies maintain an 80% stake.

Household Empire Spans Mining Operations to Treasury Methods

The Trump household’s crypto actions lengthen effectively past World Liberty Monetary.

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 corporate 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 expertise.

Trump Media & Know-how Group raised $2.5 billion in Could to construct a Bitcoin treasury, at present holding roughly 18,430 BTC value $2.1 billion.

As of June, Bitcoin represents greater than 40% of TMTG’s general market capitalization.

Nonetheless, its shares have constantly underperformed the crypto itself, falling 47% over the identical six-month interval, whereas Bitcoin gained 10.6% throughout that point.

Donald Trump Jr. additionally bought 350,000 shares in Thumzup Media Company value practically $3.3 million in July.

The Nasdaq-listed firm subsequently acquired DogeHash Applied sciences in an all-stock deal, creating what executives describe because the world’s largest Dogecoin mining platform with over 4,000 operational rigs anticipated by year-end.

Democratic Lawmakers Label Ventures ‘Unprecedented Battle’

Democratic Senators Elizabeth Warren and Consultant Maxine Waters have led requires investigations into World Liberty Monetary, labeling the corporate an “unprecedented battle” that might sway crypto coverage.

The Home Committee on Monetary Companies Democratic Caucus acknowledged Trump “rewrote the principles, then cashed in on the chaos he helped create” by gutting oversight and hyping dangerous tokens.

Residents for Duty and Ethics in Washington described Trump’s deep crypto ties, involving partnerships with international 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 Submit revealed that roughly 20% of present Trump advisors actively maintain cryptocurrencies.

Trump’s youngest son, Barron, described as a “Web3 ambassador” in World Liberty Monetary’s documentation, is estimated to be value $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 Fact Social Bitcoin ETF, and a just lately launched $6.42 billion digital asset treasury firm in partnership with Crypto.com.

Trump’s crypto wealth now represents roughly 9% of his estimated $6 billion fortune, marking the primary time digital belongings have accounted for a large portion of his wealth as his actual property holdings decline.

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