World Liberty Financial has flatly denied relationship with Fight, Fight, Fight LLC and Bill Zanker in a May 15, 2025 formal letter to Senate investigators. The platform asserts with certainty that the company has no official or unofficial relationship with the private equity firm or its head. WLFI affirmatively asserts the claim to be factually not justified.
WLFI Denies Affiliation in Formal Response
Senator Richard Blumenthal’s office demanded on May 6 that WLFI reveal its corporate affiliations and partners. The cite had listed Fight, Fight, Fight LLC as the likely competitor. WLFI lawyer said in the response that there is no corporate agreement in question.
Teresa Goody Guillén, BakerHostetler’s partner, recently confirmed that World Liberty Financial has no affiliation with Bill Zanker’s firm. This comes after WLFI conducted a due diligence and clarified that they are open to making on-demand reports of their affairs.
In the paper released by WLFI, there are no common board members or transactions of funds in the proper public records. Additionally, the paper stressed that World Liberty Financial upholds optimal transparency and legality in all activity.
In the letter, WLFI highlighted that the register filings contain no shared documents with the Trump-backed, Fight, Fight, Fight LLC. Some other legal docs presented separate incorporation dates and addresses filed in the District of Columbia. Their response to the Senator’s demands also count as public record on their website.
USD1 Compliance and Transparency
WLFI launched its USD1 stablecoin in March 2025. The token is completely collateralized by U.S. Treasury bonds and cash equivalents of the same. WLFI publishes reserve audits every quarter by an independent auditor. Stablecoin design tries to tie dollar demand around the world.
World Liberty Financial has made sure that the USD1 stablecoin meets all the US regulations. Over 200 million USD1 tokens are circulating the market as of May 2025.
The platform has implemented solid AML and KYC practices. According to WLFT, they also maintain a public dashboard of their reserves for scrutiny which refreshes daily.
Next Steps in Senate Review
This June, the Senate Permanent Subcommittee on Investigations will assess WLFI’s response alongside the stablecoin governance and market impact. Senators may request additional documents or hold hearings. WLFI stands ready to deliver annual board reports and reserve attestations.
According to analysts, the review of the claims made in the paper could reshape stablecoin policies in the future.
Crypto researcher Dana Schwartz commented, “Public audits and clear statements build trust.” Several digital asset trade associations praised the letter. They noted that clear disclosures help regulators tailor guidelines. Stakeholders now await the subcommittee’s official report, expected in late summer 2025.
