Trump Junior rejects the global financial conflict of interests

On Wednesday, Donald Trump Junior refused criticism that the encryption project is linked to his family had any possible conflict of interests, as his company, global financially, is seeking global investors.

Trump Junior told CNBC on the sidelines of Taken2049, a prominent encryption conference in Singapore, that fears that global financial investors who might search for their good with the Trump administration are “full nonsense”.

“I don’t think anyone actually believes that my father or my father (Zach) will look at Professor’s books on Blockchain to find out who bought, and to carry any kind of reconciliation,” he said.

The eldest son of the American president, a co -founder of World Liberty Financial, was accompanied at this event, the company’s CEO, Zach Whitkov, son of Steve Whitchov, the American Special Envoy to the Middle East under Trump’s management.

Wittakov, who participated in his father’s real estate works before the world, hesitated the financial freedom, feelings. He said: “Don World Liberty Mission is great, but our parents’ mission is much greater. They do not focus on Stablecoins, and they are not participating in Stablecoin.”

The company – which was established for the first time in September 2024 – launched six months later. The distinctive symbol, called USD1, is linked to the US dollar and is supported by a short -term US government treasury. It also contains the “governance code”, or the encryption version of the shareholders ’vote, called WLFI.

Critics questioned the company’s open links to the Trump administration as it is Follow deals Abroad and expands to areas such as discount payments and basic commodity payments.

Trump Junior and Wikkov reduced their political prayers during a major speech at the encryption conference, focusing on the fact that their company, which they say seeks to improve financing and democratic, is “100 % political organization”.

according to World Financial websiteA Trump subsidiary named DT Marks Defi LLC, along with the Trump family, receives a large share of platform revenues and carries WLFI codes.

However, it also stipulates that Donald Trump, his family, or any members of the Trump or DTS Defi LLC are not “an officer, manager, founder, employee, manager, owner or Word Liberty Financial operator or its subsidiary companies.”

The company’s growth comes against the background of the president’s embrace of the encryption industry in his second term.

One day skeptical, Trump has renamed himself as head of encryption, “the support policies that the industry welcomed and appointed a long time, such as David Sachs, to the Council of Ministers.

Trump also launched a private Mimi currency, called $ Trump, as well as his participation with World Liberty Financial.

Democratic lawmakers, including Senator Elizabeth Warren, and actor Maxine Waters, led calls to investigations in the world financial freedom, and described the company.Unprecedented“The encryption policy can affect.

Correction: This story has been updated to correct the Zach Witkoff name.