Senator Elizabeth Warren, Democrat from Massachusetts, has denounced the Trump family’s role in the newly launched World Liberty Financial token. In a September 2 post on X, Warren called the venture “corruption, plain and simple.”
Senator Elizabeth Warren has renewed her criticism of the Trump family’s involvement in cryptocurrency following the debut of the World Liberty Financial token (WLFI). The Trump-backed coin surged at launch, briefly valuing the family’s stake—including more than 22 billion tokens held through DT Marks DEFI LLC—at over $5 billion. At its peak, WLFI even eclipsed the family’s long-established real estate portfolio as their most valuable asset.
However, much of that valuation proved fleeting. WLFI’s price, which spiked to $0.46 at launch, has since dropped sharply amid heavy volatility. Despite a short-lived rebound to $0.24 on Tuesday, the token quickly slid again and now trades at $0.22, down 5% on the day, with a market cap near $5.61 billion.
Warren has consistently been a fierce critic of both crypto and Trump’s involvement in the sector. She has previously opposed measures such as the GENIUS stablecoin act and the Digital Asset Market Clarity (CLARITY) Act, arguing they are overly favorable to the industry. “We need strong crypto regulation, not an industry giveaway that puts our economy at risk and supercharges President Trump’s corruption,” she said in an earlier statement. Warren has also urged restrictions on elected officials trading or operating in crypto, citing Trump’s ties as a clear conflict of interest.
Her concerns extend beyond WLFI, warning that weak regulations could enable politicians to profit from industry connections, distorting markets and undermining public trust. Other critics have echoed her warnings, pointing to the risks of Trump’s overlapping political role and business interests in crypto.
The White House, however, has dismissed such concerns, insisting that the president’s political activities and private ventures remain separate and present no conflict of interest.
