Odaily Planet Daily News Trump family crypto project World Liberty Financial (WLFI) responded to US Senate Democratic Senator Richard Blumentha's investigation into the relationship between its USD1 stablecoin and former President Trump. The project's lawyer said the investigation was politically motivated. World Liberty Financial emphasized that the USD1 stablecoin is backed by US dollars and US Treasury bonds, operates transparently, and complies with regulatory requirements. Previously, US Senate Democrats expressed concerns about World Liberty Financial's connection with the Trump family, pointing out that the company's $2 billion investment agreement with Abu Dhabi state-owned enterprise MGX may have a conflict of interest. World Liberty Financial said that its operations are independent of the Trump administration and all investments follow compliance procedures. (The Block)