Trump's crypto project '100%' not political, says Donald Trump Jr

The crypto venture backed by US President Donald Trump's family is "100 per cent" not political, said his son Donald Trump Jr.

- Timothy Goh

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.