World Liberty Financial, the cryptic company tied to President Donald Trump and his family, pushing back against control by US Senator Richard Blumenthal, the leading Democrat on a panel responsible for investigating corruption and wrong management.
“WLFI does not work in the shadows,” according to a letter the company’s lawyers sent to the Connecticut senator. “It builds a next generation of, reviving financial infrastructure that is rooted in US trust, the rule of law and financial management.”
Blumenthal had targeted his own letter on co-founder Zach Witkoff set to perform with co-founder Zak Folkman and Eric Trump in Consensus 2025 in Toronto Friday-and asked about ownership and investment structure for Trump-affiliated devices, including WLFI and Fight Fight Fight LLC, the company behind Trump Memecoin. Since he is not in the Majority Party, Blumenthals probe does not bear the full strength of the Senate’s permanent subcommittee for investigation, a panel located in the Committee for Homeland Security and Government Affairs.
The WLFI response said that Blumenthal’s request “contains inaccuracies and fundamentally deficient conclusions that we will not fully address,” but the lawyers offered the example that WLFI has no connection to combat, fight, fight LLC.
“The company rejects the false choice between innovation and supervision,” the letter said. “What is against is the abuse of legislative authority and uncertainty of suppressing legal innovation.”
The president’s son, Eric, who is listed as a web3 ambassador at the WLFI Web site with his father, “Chief Crypto Advocate,” also appeared on Consensus 2025 on Thursday to explain how he went into crypto and why he launched a mining company that was set to publish via a merger.
“We have come to love the crypto community, and I think the crypto community has really come to love us,” he told a crowded house in Toronto. “We are so proud to be a big part of it.”
The Trump family’s crypto tape has also been erected by the Senates Democrats, which objects to legislation on digital assets working through Congress. Still, a stableecoin regulation bill is expected to come up with a key vote next week.
Read more: Eric Trump says he entered Krypto in the middle of political attack, calls Bitcoin ‘Digital Gold’
