Key Points
- World Liberty Financial co-founders Donald Trump Jr. and CEO Zach Witkoff addressed speculation about Trump family involvement during Consensus Miami appearance
- Speculation emerged following a brief website redesign that temporarily removed co-founder listings
- WLFI initiated defamation proceedings against Justin Sun in Florida courts, citing misconduct and false statements
- The company accuses Sun of engaging in short-selling activities to manipulate WLFI token value
- World Liberty highlights Chainlink integration for transparent, real-time reserve verification of USD1 stablecoin
During a Thursday appearance at Consensus Miami, World Liberty Financial co-founders Donald Trump Jr. and Zach Witkoff directly addressed online speculation regarding the company’s leadership structure and future direction.
TRUMP JR DENIES EXIT FROM WORLD LIBERTY FINANCIAL
Donald Trump Jr. (@DonaldJTrumpJr) says the Trump family remains involved with World Liberty Financial $WLFI despite online rumors.
The speculation intensified after the company removed several co founders from its website.… pic.twitter.com/VzbXNrM3mD
— BSCN (@BSCNews) May 8, 2026
The speculation gained momentum following a brief website update that temporarily removed the co-founder roster, which includes President Donald Trump and his three sons, from public view.
Trump Jr. characterized the public response as disproportionate. “They changed the website design for a few minutes and, oh my God, they’re bailing on it,” he remarked.
Witkoff affirmed the continued involvement of Trump Jr. and Eric Trump as co-founders. “As far as I’m aware, Don and Eric are still very much co-founders of the project,” he stated.
Trump Jr. attributed the rapid spread of speculation to automated accounts and orchestrated digital campaigns. “Narratives get created. They’re driven, and they’re bot-farm based,” he explained.
The public statements followed World Liberty‘s recent filing of defamation charges against Tron network creator Justin Sun in Florida’s state judicial system.
Sun represents a major investor in World Liberty. He previously initiated legal action against the company in California’s federal court system, alleging improper token restrictions on his holdings.
WLFI Pursues Legal Action Against Major Backer
The Florida legal filing levels accusations of “gross misconduct” against Sun related to his WLFI token transactions. World Liberty further alleges that Sun executed covert short positions to artificially depress token valuations.
Witkoff described the litigation as unavoidable. “We wouldn’t have filed that lawsuit if we didn’t have the receipts,” he explained.
Clare Locke LLP, recognized for its defamation expertise, represents World Liberty in the proceedings. The complaint requests monetary compensation and public corrections from Sun.
Addressing questions about USD1 stablecoin transparency, Witkoff emphasized the availability of real-time reserve data through Chainlink integration.
He noted that anyone can independently verify reserve holdings through on-chain data access.
National Banking Charter Application Advances
Witkoff provided progress updates on the company’s pursuit of a national trust bank charter. World Liberty submitted the application to a Treasury Department division in January.
“I think we’re in the final stages of receiving conditional approval,” Witkoff announced.
The charter authorization would enable World Liberty to perform banking operations connected to USD1 stablecoin services.
The charter application has attracted opposition from Democratic legislators. Senator Elizabeth Warren characterized the situation as “perhaps the most disgraceful presidential corruption scandal in U.S. history.”
World Liberty has yet to issue a formal statement addressing these particular accusations.
The defamation proceedings against Justin Sun in Florida continue to progress, with the company pursuing both monetary relief and public statement corrections.
