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Jill Shaw

👤 Speaker
30 total appearances

Appearances Over Time

Podcast Appearances

FT News Briefing
BP’s major setback

So World Liberty is founded by Eric Trump and Donald Trump Jr., who are, of course, the sons of the U.S.

FT News Briefing
BP’s major setback

president, and also by the sons of Steve Witkoff, the U.S.

FT News Briefing
BP’s major setback

envoy to the Middle East.

FT News Briefing
BP’s major setback

And he's a key Trump ally in the administration right now.

FT News Briefing
BP’s major setback

World Liberty, they're trying to merge the

FT News Briefing
BP’s major setback

decentralized finance and traditional finance.

FT News Briefing
BP’s major setback

And in practical terms, Royal Liberty has its own token.

FT News Briefing
BP’s major setback

They've also got a stable coin, which is a dollar pegged digital token.

FT News Briefing
BP’s major setback

And they've got a small lending and borrowing platform that is pretty small as far as market share is concerned.

FT News Briefing
BP’s major setback

Yeah, so Justin Sun is a crypto billionaire.

FT News Briefing
BP’s major setback

He has a blockchain company that he's founded.

FT News Briefing
BP’s major setback

He bought in using those World Liberty tokens to support World Liberty Financial.

FT News Briefing
BP’s major setback

He has sort of become one of the biggest public backers of the Trump family's crypto efforts.

FT News Briefing
BP’s major setback

And that relationship, as you said, has since fallen apart.

FT News Briefing
BP’s major setback

What happened recently was that Justin Sun filed a lawsuit against Royal Liberty, essentially alleging that they had frozen him out of being able to sell those Royal Liberty tokens.

FT News Briefing
BP’s major setback

and that the executives at World Liberty were extorting him to put more investment into the project.

FT News Briefing
BP’s major setback

So this tension has been building for some time.

FT News Briefing
BP’s major setback

There were public spats on Axe, the social media platform, where Justin Sun was publicly accusing the World Liberty team of not properly communicating

FT News Briefing
BP’s major setback

giving people access to their tokens, which in a decentralized finance platform, being able to access your tokens and freely trade them are important functions for crypto traders.

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