World Liberty Financial responds to conflict of interest concerns: Never discussed business matters with Trump

Odaily Planet Daily News A CNBC report said that Zach Witkoff, CEO of World Liberty Financial (WLF), a crypto project associated with the Trump family, stated that the market performance and actual usage of the USD1 stablecoin prove that the project does not have the conflict of interest issues questioned by outsiders.

In an interview with CNBC, Zach Witkoff said that USD1's circulation has exceeded $4 billion, with trading volume exceeding $1 billion in the past 24 hours, adding that "the actual user adoption and liquidity demonstrate the real demand for USD1." In response to concerns that corporations or countries might funnel money to Trump and his family through USD1, Zach Witkoff said such concerns are overstated, emphasizing that he has never discussed and will never discuss business matters with President Trump, and is currently focused on enhancing the practical value of WLF products for users. Stablecoins are becoming the native payment layer of the internet, and "the dollar should also flow 24/7," he said, adding that USD1 will play an important role in the development of digital financial infrastructure. Meanwhile, World Liberty Financial still faces ongoing scrutiny from some U.S. politicians over its overseas investments, political connections, and commercial interest arrangements. (CNBC)