World Liberty Financial Inc. denies claims of ties to Bill Zanker, calling these assertions unfounded.

The Trump family-affiliated cryptocurrency company World Liberty Financial Inc. (WLFI) has rejected as unfounded assertions that it has ties to Bill Zanker or his company.

World Liberty Financial Inc., the cryptocurrency company affiliated with the Trump family, has denied claims of ties to Bill Zanker and his entity, calling these assertions unfounded.

Blumenthal Claims Based on ‘Fundamentally Flawed Premise’

In a letter, seen by the theblock.co, to U.S. Senator Richard Blumenthal (D-Conn.), lawyers for WLFI stated that the senator’s own letter to the crypto company’s founder, Zach Witkoff, not only contained “inaccuracies” but also relied on “fundamentally flawed premises.”

The claims tie to a report by the New York Times that stated a company created by Zanker, a renowned entrepreneur known for his involvement in companies like Z Best and the American Consumer Credit Reporting Agency, was selling a token to raise money for the former president’s campaign. The report also mentioned that the company was planning to host a dinner with Trump to spur demand for the token.

In his letter to Zanker, which was shared with WLFI, Blumenthal, the ranking member of the U.S. Senate Permanent Subcommittee on Investigations, pressed the entrepreneur to share information on the ownership of his company, Fight Fight Fight LLC. The senator also requested details on foreign entities that bought the memecoin, and the steps taken to address the “significant” conflict arising from the sale of the tokens.

According to Blumenthal’s letter, it was Zanker’s Fight Fight Fight LLC that launched the TRUMP memecoin. The company is also organizing key events, including the “Dinner with Trump” competition, to support the faltering TRUMP memecoin.

Although the senator’s letter does not state whether WLFI is under investigation, it nonetheless requests Zanker to provide details about his company’s relationship with the cryptocurrency firm. This prompted a response from WLFI’s lawyers who insist that their client is a legitimate organization bound by U.S. laws.

“WLFI is not operating in the shadows. It is building a next-generation, auditable financial infrastructure rooted in American trust, rule of law, and economic leadership. Their values—transparency, accountability, and dollar dominance—are not aspirational; they are operational. The company has exercised rigorous diligence to ensure compliance with applicable legal and regulatory obligations at every stage,” the lawyers stated.

The lawyers also explained to Blumenthal that WLFI, as a player in the digital asset space, opposes what they term the “misuse” of regulatory authority and the suppression of lawful innovation. The letter further stated that WLFI is committed to advancing technologies and fostering an environment where new entrants can contribute to the ecosystem.

This stance aligns with the Trump administration and proponents’ desire to maintain the U.S. dollar’s hegemony even in the digital era.