Donald trump jr denies rumors world liberty financial is unraveling

Donald Trump Jr. and Zach Witkoff rejected online rumors that the Trump-linked crypto platform World Liberty Financial is collapsing. The denials came Thursday at Consensus in Miami Beach amid a legal fight with Tron founder Justin Sun. Executives defended the firm's leadership and stablecoin reserves.

Speaking at the event, Trump Jr. dismissed speculation that he and his brother Eric had abandoned the project after a temporary website change. “It was news for me too,” he said. “They changed the website design for a few minutes and, oh my God, they’re bailing on it.” Witkoff added that narratives on social media are often “bot-farm based.”

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Dramatic courtroom scene illustrating World Liberty Financial's defamation lawsuit against Justin Sun, featuring frozen WLFI tokens, Tron symbols, and legal gavel.
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World Liberty Financial sues Justin Sun for defamation

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World Liberty Financial, the Trump-linked cryptocurrency venture, has filed a defamation lawsuit against Tron founder Justin Sun in Florida state court. The suit accuses Sun of violating token agreements, engaging in short-selling, and making false statements after the company froze his WLFI tokens. This escalates a dispute following Sun's own lawsuit against the firm.

The World Liberty Financial forum at President Donald Trump's Mar-a-Lago resort in Palm Beach, Florida, gathered leaders from traditional finance, cryptocurrency, and entertainment to discuss digital assets and regulation. Attendees included Binance founder Changpeng Zhao in his first U.S. appearance since a presidential pardon, Goldman Sachs CEO David Solomon, and rapper Nicki Minaj. Panels covered tokenization of real estate and the role of the U.S. dollar, amid critiques of the current financial system.

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Democrats are escalating their criticism of President Donald Trump's family-linked cryptocurrency ventures as midterm elections approach in November. Leading figures like Senator Elizabeth Warren have called for investigations into projects such as World Liberty Financial. The strategy aims to highlight potential conflicts of interest amid Trump's pro-crypto policies.

The US CLARITY Act has hit an impasse after major banks rejected a White House compromise limiting stablecoin yield rewards to peer-to-peer payments. This follows President Trump's recent criticism of banks and builds on stalled talks over incentives that crypto firms say are vital for innovation. Trump met with Coinbase CEO Brian Armstrong amid the deadlock.

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The latest White House meeting between bankers and crypto experts showed progress on stablecoin yield issues, though no agreement was reached. This third session aimed to resolve a key impasse blocking the Digital Asset Market Clarity Act. Participants described the discussions as constructive, with more talks expected.

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