Donald Trump Jr. stated that he and his brothers remain part of the WLFI▲$0.0620 crypto project, calling the rumors “news to him.”
Donald Trump Jr. stated that he and his brothers remain part of the World Liberty Financial crypto project, denying rumors circulating on social media about the family’s departure.
Hot topic: Bitcoin Price Could Hit $1M in Five Years, VanEck Says
Speaking at the Consensus Miami conference on May 7, Trump Jr. called the information about the family’s exit “news to him“, Decrypt reports. Discussion moderator David Wacksman, WLFI’s PR director, also confirmed that Donald and Eric Trump remain co-founders.
Where Did the Rumors Originate?
The rumors began after World Liberty Financial removed the list of co-founders, which included Donald Trump and his three sons, from its website. Trump Jr. emphasized that he would not participate in a public discussion of the project if the family had indeed left.
More on WLFI
During the same panel, project co-founder Zac Witkoff, son of special envoy Steve Witkoff, revealed that the company is in the final stages of receiving conditional approval for a national trust banking license. This would allow World Liberty to conduct key banking operations with its USD1▲$1.00 stablecoin.
Learn more: Bitcoin Price Perspectives in May 2026 — Will BTC Surge to $100,000?
The panel also discussed the company’s countersuit against Tron founder Justin Sun. Witkoff called the litigation a “last resort” and stated that they have all the necessary evidence.
Eric Trump’s American Bitcoin Losses
Amid news about World Liberty Financial, another family company came into focus. American Bitcoin, where Eric Trump serves as Chief Strategy Officer, reported a net loss of nearly $82M in the Q1 of 2026, up from $59.4M in the previous quarter. The primary cause was non-cash mark-to-market losses due to falling bitcoin (BTC) prices.
Despite the losses, the company continued to build its reserves. It added more than 1,600 BTC▼$64,285.00 during the quarter, bringing its portfolio to 7,300 BTC, worth approximately $583M.
ABTC shares fell 19% after the report, trading around $1.13, which is 92% below their post-IPO high of $14.65.
Read more: $500M Lost on American Bitcoin — Eric Trump Denies Allegations, Forbes Reports
