Donald Trump Jr. and Zach Wilkoff of World Liberty Financial at Token2049, a well-known crypto conference held in Singapore on Wednesday, October 1, 2025.
Waxman
Donald Trump Jr. on Wednesday dismissed criticism that the crypto venture tied to his family had a potential conflict of interest.
Concerns that Trump Jr. may be asking for favors from the Trump administration, he told CNBC about a bystander at Token2049, a prominent crypto conference in Singapore.
“My father [Zach’s] “My dad will look at ledgers on the blockchain and sees him having all sorts of favors, who bought what,” he said.
The eldest son of the US president, co-founder of World Liberty Financial, was accompanied by Zach Wilkoff, son of Steve Wickoff, the son of the Middle East’s Special Envoy under the Trump administration.
Witkoff, who was involved in his father’s real estate business before World Liberty Financial, repeated his feelings. “The mission of freedom in the world is big, but our father’s mission is much bigger. They are not focused on stubcoins and are not involved in stable business,” he said.
The company was first established in September 2024 – six months later, launching Stablecoin. The token, known as USD1, is pinned in the US dollar and is supported by the short-term US government’s Treasury Department. There is also a cryptographic version of a shareholder vote called the “governance token” that has been published or WLFI.
Critics have questioned the open connections with the Trump administration, pursuing overseas transactions and expanding into areas such as debit payments and tokenized commodity assets.
Trump Jr. and Wilcoff have downplayed political ties during their keynote speech at the crypto conference, saying their companies are trying to improve their finances and democratize, but “it’s not a political organisation.”
According to the World Liberty Financial website, the Trump company, known as DT Marks Defi LLC, along with members of the Trump family, receives a majority of the platform’s revenue and holds WLFI tokens.
However, Donald Trump, his family, or members of the Trump organization or DT Mark, have said that he is not “an officer, director, founder or employee, or manager, owner or operator of Ward Liberty Financial or its affiliates.”
The company’s growth comes from the embrace of the president of the crypto industry in his second term.
Once a skeptic, Trump has been welcomed by the industry and rebranded himself as “crypto president,” who appoints longtime crypto advocates such as David Sachs to his cabinet.
Trump has also launched his own meme coin called $Trump in addition to his involvement in World Liberty Financial.
Democrats, including Senators Elizabeth Warren and Maxine Waters, are calling for a survey of the world’s Liberty Financials, labeling them as “unprecedented conflicts” that could shake up crypto policy.
