Donald Trump Jr. pushed back against concerns that his family’s new cryptocurrency project could pose conflicts of interest.
He argued that concerns about investors using World Liberty Financial to gain favor with his father’s administration are misplaced.
Speaking with CNBC during the Token2049 event in Singapore, he described those fears as “complete nonsense”. He added that it was unrealistic to think his father would comb through blockchain records to track who had purchased tokens in hopes of gaining influence.
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Trump Jr., a co-founder of World Liberty Financial, appeared at the conference with the company’s chief executive, Zach Witkoff. Witkoff previously worked in his family’s property business and is the son of Steve Witkoff, who once served as a US envoy to the Middle East under Donald Trump’s presidency.
Both men stressed that their fathers are not connected to the project. Witkoff underlined the point by saying that while their work with World Liberty Financial was significant, their parents were focused on larger political and diplomatic matters.
According to him, neither had any involvement in a stablecoin business.
During their appearance, the founders emphasized that the company’s tokens are structured to be transparent and asset-backed. They also emphasized that investing in the project should not be seen as a means to gain political influence.
Meanwhile, Eric Trump recently shared his thoughts on how Bitcoin
