President Donald Trump defended his family’s financial ties to World Liberty Financial during a “60 Minutes” interview, stating that it is difficult to ask his sons to halt business activities while he serves as president. Trump, a co-owner of the cryptocurrency platform, acknowledged that his sons manage the company but emphasized that he does not personally oversee investment decisions.
When questioned about potential conflicts of interest, Trump argued that private financial interests have been common among U.S. presidents. He noted that earlier leaders held assets like oil, comparing them to his own cryptocurrency-related investments. Trump’s 2025 financial disclosure revealed over $1.4 billion in income from cryptocurrency ventures, including $520 million from World Liberty Financial token sales.
The company lists Trump and special envoy Steve Witkoff as co-founders emeritus, with members of the Trump and Witkoff families, including Eric Trump, running its operations. Most of Trump’s new wealth during his presidency stems from deals linked to World Liberty Financial, its associated stablecoin USD1, the Official Trump (CRYPTO: TRUMP) memecoin, and licensing agreements.
As of this writing, World Liberty Financial’s token WLFI is down 0.40% in the last 24 hours, trading at $0.04592. Broader scrutiny of cryptocurrency could intensify in 2027, with Sen. Elizabeth Warren reportedly set to chair the Senate Banking Committee and investigate the industry’s ties to Trump’s associates.