Jill Shaw
👤 SpeakerAppearances Over Time
Podcast Appearances
So World Liberty is founded by Eric Trump and Donald Trump Jr., who are, of course, the sons of the U.S.
president, and also by the sons of Steve Witkoff, the U.S.
And he's a key Trump ally in the administration right now.
World Liberty, they're trying to merge the
decentralized finance and traditional finance.
And in practical terms, Royal Liberty has its own token.
They've also got a stable coin, which is a dollar pegged digital token.
And they've got a small lending and borrowing platform that is pretty small as far as market share is concerned.
Yeah, so Justin Sun is a crypto billionaire.
He has a blockchain company that he's founded.
He bought in using those World Liberty tokens to support World Liberty Financial.
He has sort of become one of the biggest public backers of the Trump family's crypto efforts.
And that relationship, as you said, has since fallen apart.
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.
and that the executives at World Liberty were extorting him to put more investment into the project.
So this tension has been building for some time.
There were public spats on Axe, the social media platform, where Justin Sun was publicly accusing the World Liberty team of not properly communicating
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.