World Liberty Financial, a crypto business tied to President Donald Trump and his family, opposes scrutiny from Senator Richard Blumental, a leading Democrat responsible for investigating corruption and mismanagement.
“WLFI is not working in the shadows,” according to a letter sent by a company’s lawyer to a Connecticut senator. “We are building a next-generation auditable financial infrastructure rooted in American trust, the rule of law and economic leadership.”
Blumenthal was targeting his own letter at Consensus 2025, held in Toronto on Friday, with co-founder Zach Witkoff, who is set to appear in co-founders Zak Folkman and Eric Trump. As he is not in the majority party, Blumenthal’s investigation does not have the full power of the Senate’s permanent subcommittee on investigation, a panel housed in the Committee on Homeland Security and Government Affairs.
The WLFI response stated that Blumenthal’s request “contains inaccuracy and fundamentally flawed reasoning,” but the lawyers provided an example of WLFI not fighting, fighting or affiliated with combat LLC.
“The company rejects the false choice between innovation and surveillance,” the letter said. “What it opposes is the misuse of regulators and the uncertainty to curb legitimate innovation.”
The president’s son, Eric, is listed as a Web3 ambassador for the WLFI website, his father, “Crypto Advocate,” and appeared at Consensus 2025 on Thursday, explaining how he entered Crypto and why he launched a mining company that will be made public through the merger.
“We’ve come to love the crypto community, and I think the crypto community has really come to love us,” he told a busy home in Toronto. “We’re proud of a large part of it.”
The Trump family’s crypto-related relationship was also raised by Senate Democrats who oppose the Digital Assets Act, which works through Congress. Still, the Stablecoin regulation bill is expected to be in a key vote next week.
Read more: Eric Trump says he entered the code amid political attacks, calling Bitcoin “Digital Gold”
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