World Liberty Financial, the cryptographic business linked to President Donald Trump and his family, is rejecting the scrutiny of the American senator Richard Blumenthal, the main democrat in a panel responsible for investigating corruption and poor management.
“WLFI is not operating in the shadows,” according to a letter, the company’s lawyers sent the Connecticut senator. “It is building a next -generation auditable financial infrastructure entrenched in American trust, the rule of law and economic leadership.”
Blumenthal had signed up for his own letter to co -founder Zach Witkoff, who will appear with co -founder partner Zak Folkman and Eric Trump in consensus 2025 in Toronto on Friday, and asked about the structure of property and investment for the entities affected by Trump, including WLFI and Fight Fight Fight LLC, the company behind the memecura of Trump. As it is not in the majority party, Blumenthal’s investigation does not carry all the strength of the permanent subcommittee of the Senate on investigations, a panel located within the National Security Committee and Government Affairs.
Wlfi’s response said Blucenthal’s request “contains inaccuracies and inferences fundamental failures that we will not address in its entirety”, but lawyers offered the example that WLFI has no affiliation with the fight, the fight, the fight LLC.
“The company rejects the false choice between innovation and supervision,” said the letter. “What opposes is the misuse of regulatory authority and uncertainty to suppress legal innovation.”
The president’s son, Eric, who appears as an ambassador of Web3 on the WLFI website together with his father, the “Chief Cryptography Defender”, also appeared in Consensus 2025 on Thursday to explain how he entered Crypto and why he launched a mining firm that was made public through a Merger.
“We have come to love the cryptographic community, and I think the cryptographic community has really loved us,” he told a house full of people in Toronto. “We are very proud to be a large part of that.”
The cryptographic ties of the Trump family have also been raised by Senate Democrats who oppose the legislation of digital assets that make their way through Congress. Even so, a draft regulation of Stablecoin is expected to arise from a key vote next week.
Read more: Eric Trump says he got into crypto in the middle of a political attack, calls Bitcoin ‘Digital Gold’
