Trump WLFI, Strongly rebuts Senate preliminary investigation…'USD1 is for strengthening US finance'

Trump Family's Cryptocurrency Project Engulfed In Illegal Allegations (Source: WSJ)

The Defi Project World Liberty Financial (WLFI) led by the Trump family strongly refuted the preliminary investigation by Senator Richard Blumenthal. According to The Block, the investigation began focusing on the conflict of interest and national security threats of Stablecoin USD1 and Trump Meme Coin (TRUMP) issued by WLFI.

Senator Blumenthal claimed that WLFI is raising funds from foreign governments and suspicious investors, potentially violating federal law, and President Trump has financially benefited from the two assets.

In response, WLFI's legal representative immediately refuted, explaining, "WLFI aims not to weaken the stature of the U.S. dollar, but rather to strengthen it." USD1 is a stablecoin prepared with U.S. Treasury bonds and cash-like assets, aimed at expanding treasury demand and increasing dollar financial accessibility.

Additionally, WLFI claimed, "It does not operate opaquely and is building a transparent and norm-compliant financial system based on U.S. trust, rule of law, and leadership," arguing that the Senate's claims are not factual.

This controversy is drawing attention to how it will affect WLFI's future regulatory responses, as the Trump family's cryptocurrency business again becomes a center of political debate.