Trump Family Crypto Project WLFI Refunds US Senator's Investigation into USD1's Relationship with Trump

Odaily Planet Daily News: World Liberty Financial, a cryptocurrency project of the Trump family, has responded to an investigation by US Senate Democratic Congressman Richard Blumentha into the relationship between his USD1 stablecoin and former President Trump, stating that the investigation is politically motivated. The company stressed that the USD 1 stable currency is supported by the US dollar and US treasury bond bonds, and its operation is transparent and in line with regulatory requirements. Previously, Senate Democrats expressed concerns about the connection between World Liberty Financial and the Trump family, pointing out potential conflicts of interest in the company's $2 billion investment agreement with Abu Dhabi state-owned enterprise MGX. World Liberty Financial stated that its operations are independent of the Trump administration and all investments follow compliance procedures. （The Block）