Trump Jr. and Witkoff Dismiss World Liberty Financial Exit Claims at Miami Event

Key Points

• Donald Trump Jr. and CEO Zach Witkoff refuted online speculation suggesting the Trump family is distancing itself from World Liberty Financial
• Speculation emerged following a brief removal of co-founder listings from the company’s website
• The company has initiated a defamation action in Florida against Justin Sun, founder of Tron, alleging misconduct and false statements
• World Liberty claims Sun engaged in short-selling activities targeting the WLFI token to manipulate its value
• The company emphasizes that its USD1 stablecoin features transparent, on-chain reserve verification through Chainlink integration

During an appearance at Consensus Miami on Thursday, World Liberty Financial co-founders Donald Trump Jr. and Zach Witkoff addressed speculation about the company’s leadership structure and operations.

The speculation gained traction after the company briefly removed co-founder information from its website, including references to President Donald Trump and his sons.

The public statements followed World Liberty‘s recent legal action against Justin Sun, founder of Tron, filed in a Florida state court.

Sun holds a significant financial stake in World Liberty. He previously initiated legal proceedings against the company in California federal court, alleging improper freezing of his token holdings.

Company Pursues Legal Action Against Major Investor

The Florida complaint filed by World Liberty alleges that Sun engaged in “gross misconduct” related to his WLFI token transactions. Additionally, the company contends Sun conducted short-selling operations to artificially depress the token’s market value.

World Liberty has retained Clare Locke LLP, recognized as a prominent defamation litigation firm. The complaint requests both monetary compensation and public corrections from Sun.

The executives also responded to questions regarding their USD1 stablecoin. Witkoff emphasized that USD1 maintains transparent reserve backing, validated through its integration with Chainlink.

According to Witkoff, users can independently verify reserve holdings directly on the blockchain at any moment.

National Banking Charter Application Advances

Witkoff provided an update regarding the company’s pursuit of a national trust bank charter. The application was submitted in January to a Treasury Department division.

The charter would enable World Liberty to perform banking operations related to its USD1 stablecoin product.

World Liberty has not issued a formal response to these particular accusations.

The defamation proceedings against Justin Sun in Florida continue, with World Liberty pursuing both monetary restitution and public statements correcting alleged falsehoods.

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