WLFI Responds to Rumors of 'Trump Family Exit': Bank License Approval Has Entered Final Stage
Amidst rumors that the Trump family had quietly exited World Liberty Financial (WLFI), Donald Trump Jr. and co-founder Zach Witkoff addressed the claims at the Miami Consensus conference. Trump Jr. dismissed the rumors as originating from the removal of the Trump family's names from the company's website and subsequent amplification by social media bots. Both affirmed that Don Jr. and Eric Trump remain co-founders.
The conversation also covered WLFI's ongoing legal battle with Tron founder Justin Sun. After Sun sued WLFI last month alleging managerial misconduct, WLFI filed a countersuit, accusing Sun of spreading false information and shorting the WLFI token. Witkoff stated the lawsuit was a "last resort" and filed with evidence.
Significantly, Witkoff revealed that WLFI's application for a national trust bank charter from the OCC is in the "final stages" of securing conditional approval. This charter is crucial for the company's USD1 stablecoin operations but has drawn criticism from Democratic lawmakers like Senator Elizabeth Warren, who has labeled the application potential evidence of corruption.
marsbit05/08 14:50
