WLFI Clarifies: No Trump Roles, Calls for Investigation Persist
World Liberty Financial's (WLFI) website has clarified that Donald Trump and his family hold no formal roles within the company or its affiliates. This announcement comes amidst calls from Democratic lawmakers for investigations into WLFI's connections to the president, citing an 'unprecedented conflict'.
Senators Elizabeth Warren and Maxine Waters have recently requested investigations into various organizations, including WLFI, to address concerns about corporate accountability and economic inequality. Critics have raised alarms over WLFI's connections to the Trump administration, particularly as it seeks international partnerships.
In response, Trump Jr. and Zach Witkoff, CEO of WLFI and son of former US Special Envoy to the Middle East, have sought to distance their venture from political ties. They asserted that WLFI is '100% not a political organization'. Trump Jr. dismissed concerns about potential conflicts of interest, stating that it's improbable for his father or Witkoff's father to examine blockchain ledgers for preferential treatment.
WLFI's stock is currently trading at $0.20, recording weekly gains of 7%, but remains 37% below its record price. Witkoff echoed Trump Jr.'s sentiments, dismissing allegations of investors currying favor with the Trump administration as 'complete nonsense'.
Despite the clarifications, calls for investigations persist, highlighting ongoing concerns about potential conflicts of interest. WLFI's stock performance remains volatile, reflecting market uncertainties and political scrutiny.
Read also:
- Saudi Arabia's TASI Surges Past 11,000, Leading Gulf Equities Rally
- TikTok's deal negotiations continue following a conversation between Xi and Trump
- Trump announces agreement with Chinese authorities on TikTok deal
- Quantum Computing Market in the Automotive Sector Forecast to Expand to $6,462.13 Million by 2034
