Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Trump's crypto project '100%' not political, says Donald Trump Jr
The Straits Times
|October 02, 2025
The crypto venture backed by US President Donald Trump's family is "100 per cent" not political, said his son Donald Trump Jr.
World Liberty Financial is not a political organisation, but a means to uphold US dollar hegemony in countries that oppose it, he said on Oct 1.
He was speaking at a panel session with World Liberty Financial chief executive Zach Witkoff at the annual Token2049 crypto event held at Marina Bay Sands.
"We're going to do that and that's going to maintain the dollar hegemony that's allowed America to lead and have the power over the world that has kept so many places safe, sound and strong," Mr Trump Jr said.
"I think it's going to greatly benefit the world as people have started seeing the threat that America perhaps poses to them. These are not exactly great places - these are not exactly countries that have the rest of the world's interests at heart."
World Liberty Financial is a decentralised finance project launched in September 2024 by President Trump, his three sons and real estate tycoon Steve Witkoff, who is also the US leader's envoy to the Middle East and father of Mr Zach Witkoff.
It has launched two tokens its governance token WLFI, which allows its investors to make decisions affecting the protocol, as well as the dollar-pegged stablecoin USD1.
This story is from the October 02, 2025 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
More hospitals letting caregivers stay overnight
Allowing caregivers to participate in patient care improves outcomes and builds confidence
7 mins
November 26, 2025
The Straits Times
Teacher recruitment . Give more consideration to local Tamil language graduates
I refer to the report “More signing up to teach mother tongue languages; still a challenge to recruit local Tamil teachers” (Nov 14).
1 mins
November 26, 2025
The Straits Times
A long ball to nowhere: Accountability in Malaysia's football fiasco
The country's heritage-player scandal is the latest test of Anwar's reformasi promise that impunity belongs in the past.
7 mins
November 26, 2025
The Straits Times
Francilien can come out tops over longer
Nov 27 South Africa (Vaal) preview
3 mins
November 26, 2025
The Straits Times
He helps turn barren hill in Woodlands into a garden for all
It is now the largest community garden here, home to hundreds of plant and animal species
4 mins
November 26, 2025
The Straits Times
Inventor James Dyson receives honorary SUTD degree
Briton made transformative contributions to design and engineering: SUTD chairman
3 mins
November 26, 2025
The Straits Times
Two ageing Tiong Bahru blocks narrowly fail in vote to undergo upgrading
Two blocks of Housing Board flats in Tiong Bahru built in 1949 have failed to get enough votes to undergo the Home Improvement Programme (HIP) by a razor-thin margin.
3 mins
November 26, 2025
The Straits Times
In rare layoff, Apple cuts dozens of jobs across sales division
Apple has eliminated dozens of sales roles in a bid to streamline the way it offers products to businesses, schools and governments, marking a rare layoff for the iPhone maker.
2 mins
November 26, 2025
The Straits Times
US, Russia hold peace talks in UAE as missiles pound Kyiv
Overnight attack that killed at least six people underlines the stakes for Ukraine
3 mins
November 26, 2025
The Straits Times
Xi may want Trump to rein in Japan in spat with China, say analysts
Chinese President Xi Jinping wants to see the United States rein in Japan to help defuse the worst diplomatic crisis in Asia in years, according to US-based analysts.
6 mins
November 26, 2025
Listen
Translate
Change font size