World Liberty Financial refutes senator's investigation into USD1 stablecoin's association with Trump

According to Golden Finance, World Liberty Financial responded to the investigation of US Senator Richard Blumenthal through its law firm BakerHostetler, stating that the investigation "has fundamental flaws". Blumenthal previously accused the company's USD1 stablecoin of potentially violating federal law and questioned the Trump family's association with the project. World Liberty Financial stressed that the USD 1 is a stable currency fully supported by US treasury bond bonds and cash equivalents, aiming to enhance the global position of the US dollar and expand financial inclusion. The company stated that its mission is to strengthen rather than weaken the role of the US dollar, particularly by providing US dollar financial instruments in underserved areas. The company also explicitly denies any affiliation with Fight Fight LLC (the company behind Trump's meme). Zach Witkoff, co-founder of World Liberty Financial, said on social media, "We won't be intimidated by politically motivated politicians, we're busy building