From Cointelegraph

May 16, 2025 3:00:00 pm:

Zach Witkoff of World Liberty Financial (WLFI) rejects US lawmakers’ call for investigation into Trump’s crypto platform, citing flawed premises and focusing on building. Sen. Blumenthal calls for legislative changes due to Trump’s ties to WLFI and his TRUMP memecoin. Stablecoin bill debate ongoing in Congress, potential conflict of interest concerns arise. Abu Dhabi-based firm to settle $2 billion investment using WLFI’s stablecoin. Democrats seek clarification in GENIUS Act to prevent Trump from profiting from stablecoins. No clear resolution on addressing concerns in future vote on bill.

Read more at Cointelegraph: World Liberty Financial brushes off oversight concerns from Congress