U.S. President Donald Trump defended his family’s involvement with World Liberty Financial, saying presidents have always faced conflicts involving major assets and people around them. In an interview with journalist Ross Douthat on CBS News’ 60 Minutes, Trump said his sons manage the company, he is not involved in its day-to-day operations and he lacks sufficient information about its foreign investors. The comments followed Democratic victories that gave the party majorities in both the House of Representatives and the Senate, amid concerns that Trump could increase pressure on crypto initiatives and the cryptocurrency sector. Trump said he did not know whether investors linked to the United Arab Emirates government had invested to influence him, and argued that his family should not be expected to halt business for his four-year presidency. Existing scrutiny centers on Aryam Investment, a UAE-backed entity linked to national security adviser Sheikh Tahnoon bin Zayed, which agreed to buy 49% of World Liberty Financial for $500 million four days before Trump’s January 2025 inauguration. World Liberty issues the WLFI governance token and USD1 stablecoin; Trump-affiliated entities hold about 38% of its holding company, 22.5 billion WLFI tokens and rights to 75% of net proceeds from WLFI token sales. Democratic Senator Richard Blumenthal has requested documents from WLFI and related companies to investigate potential conflicts of interest. The venture has also faced accusations of corruption, a legal challenge involving Tron founder Justin Sun, a Circle shareholder lawsuit over Abu Dhabi-linked transactions, scrutiny of Trump’s reported crypto income and a sharp decline in WLFI’s token price.