Steve Witkoff, President Trump's special envoy for peace, disclosed $107 million in 2025 income from a holding company that owned his stake in World Liberty Financial, a crypto venture he co-founded with Trump. The disclosure comes ahead of a Senate vote that Democrats have linked to conflict-of-interest concerns.
A Public Citizen report found investors in Donald Trump's cryptocurrency ventures—including the TRUMP memecoin, World Liberty Financial, NFTs, and Trump Media's crypto holdings—face at least $4.7 billion in losses, while Trump personally earned approximately $1.4 billion from these projects in 2025. The report comes amid growing scrutiny of conflicts of interest in the Trump family's crypto dealings.
TRON founder Justin Sun secured a procedural victory after a California federal judge rejected World Liberty Financial's attempt to move their multi-hundred-million-dollar dispute into private arbitration. Sun alleges the Trump-backed crypto venture's smart contract contains a hidden backdoor to freeze or burn token holdings.
The U.S. Office of the Comptroller of the Currency granted preliminary conditional approval for a national trust bank charter to World Liberty Financial, a cryptocurrency venture partially owned by President Donald Trump and his family. The approval marks a significant step in the crypto firm's integration into the traditional American banking system.
World Liberty Financial, a cryptocurrency company co-founded by President Trump's sons and associates, received a $100 million investment from Chinese businessman Guren 'Bobby' Zhou, who was arrested in Britain in 2021 for money laundering. Up to $75 million from the investment reportedly went to Trump and his sons.
Trump-backed World Liberty Financial has proposed burning up to 4.52 billion tokens (10% of insider allocation) and implementing 2-5 year vesting schedules for 62.3 billion locked tokens. The proposal has drawn harsh criticism from major investor Justin Sun, who called it an 'absurd governance scam.'
Trump-backed World Liberty Financial's WLFI token plunged to record lows after Justin Sun publicly accused the project of hidden blacklist backdoor controls in its token contract. WLFI threatened legal action, calling Sun's claims 'FUD.'
WLFI token fell 12% to a record low after the Trump-backed project used billions of its own tokens as collateral to borrow $75 million in stablecoins on DeFi platform Dolomite, triggering concerns over insider access and depositor risks.
World Liberty Financial deposited 5 billion of its own WLFI tokens as collateral on Dolomite to borrow $75 million in stablecoins, which were then sent to Coinbase Prime. The move pushed the lending pool to 100% utilization and triggered a 12% token price drop to record lows.
