Donald Trump Jr. and co-founder Zach Witkoff appeared at Consensus in Miami to refute online rumors that the Trump family has abandoned World Liberty Financial. Trump Jr. attributed the rumors to misinformation after the company removed some co-founders, including President Donald Trump and his sons, from its website. He insisted he and his brother Eric remain actively involved. The panel also addressed World Liberty's escalating legal dispute with Tron founder Justin Sun, who sued the company last month for alleged misconduct. World Liberty countersued for defamation, claiming Sun spread falsehoods and shorted its WLFI token. Witkoff stated they had evidence for the lawsuit, calling it a last resort. Witkoff further revealed that World Liberty is close to receiving conditional approval for a national trust bank charter from the Treasury Department, which would allow it to handle banking functions for its USD1 stablecoin. This has drawn criticism from Democrats like Sen. Elizabeth Warren, who view it as potential corruption. For wallet and key holders, the stablecoin's banking integration could offer direct on-ramps, but the legal battles and regulatory scrutiny pose risks to token value and project stability.

Key facts

• Trump Jr. denied rumors of abandoning World Liberty Financial.
• World Liberty filed a defamation suit against Justin Sun.
• Co-founder Witkoff said a national bank charter is near conditional approval.
• Democrats criticize the charter application as potential corruption.
• Rumors started after co-founders were removed from the company website.

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