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Lee Reiners, who has criticized the SEC’s new token taxonomy and crypto guidance, thinks World Liberty’s so-called governance token is an unregistered security.World Liberty’s claims of decentralization were challenged by Justin Sun’s recent lawsuit, filed after his tokens were allegedly frozen.

World Liberty co-founder Zach Witkoff also said Thursday that the crypto firm is “in the final stages” of receiving bank charter approval from the Trump administration.

Trump Jr. and Witkoff appeared at Consensus Miami 2026 on Day 3 to make the case for World Liberty Financial.Justin Sun filed a federal lawsuit in late April accusing the project of freezing his tokens and stripping his voting rights.World Liberty Financial also faces scrutiny over a $500 million UAE-linked equity stake and a pending federal bank charter application.

World Liberty Financial accused Justin Sun of running “a scorched-earth pressure campaign” against the Trump-family-backed crypto project after his tokens were frozen.Sun, who poured nearly $200 million into WLFI tokens and the TRUMP memecoin, first sued WLFI in late April, accusing the firm of fraudulently blocking his ability to sell a stash of tokens now worth around $240 million.

World Liberty Financial alleges Sun conducted straw purchases of WLFI tokens to conceal his identity, engaged in short selling of the token, and made false statements on social media after his tokens were frozen in violation of his terms of sale.Sun fired back immediately, calling the suit “a meritless PR stunt” and saying he stands by his actions, while WLFI CEO Zach Witkoff said he looks forward to “the truth coming out in court.”The WLFI token rose approximately 12% on the day of the filing, though the token is still down roughly 85% since its September 2025 launch.

Trump-linked World Liberty Financial (WLFI) has filed a defamation lawsuit accusing Justin Sun of orchestrating a coordinated smear campaign to drive down the price of its $WLFI token.WLFI claims a Sun-linked entity violated token sale terms, had its tokens frozen, and then funded influencers and bots to label the project “a scam” with a hidden “backdoor” to more than 4 million followers.The case escalates an already bitter legal battle, coming weeks after Sun sued WLFI over frozen tokens and alleged “criminal extortion” and undisclosed blacklist functions in its smart contracts.

Pre-sale investors argue that introducing a two-year cliff and linear investing schedule for their locked tokens is a bait-and-switch despite their early backing.World Liberty argues the proposal provides clarity on future token supply, and could also boost low governance participation.

An investment in President Trump's meme coin allegedly upset members of World Liberty Financial’s team, the lawsuit claims.

Sameer Group CEO Syed Sameer has publicly offered to broker a deal to unfreeze Justin Sun’s blacklisted WLFI tokens.The outreach comes after Sun filed a federal lawsuit against World Liberty Financial in California over allegedly locked tokens.Retail investors are already pushing back, calling the proposal unfair if it benefits Sun but not the broader WLFI community.

Tron founder Justin Sun said he filed a lawsuit today against World Liberty Financial.Sun said the WLFI team refused to unfreeze his tokens, leaving him with no choice but to turn to the courts.

The Tron founder says World Liberty froze his tokens, stripped his voting rights, and threatened to burn his holdings. Now he's suing.

Justin Sun filed a federal lawsuit after WLFI allegedly froze tokens and blocked his governance voting rights.The dispute grew after Sun accused World Liberty Financial of adding blacklist functions to WLFI contracts.Sun said the lawsuit targets unfair token treatment and does not affect support for Trump.

Sun said the lawsuit is to protect his rights as a WLFI token holder and doesn't change his support of US President Donald Trump and his administration’s efforts to make the US crypto-friendly.

BIP-361 would freeze the Bitcoin most at risk of seizure from quantum exploits. But will the community go for it?

World Liberty Financial’s new proposal seeks to extend the lock-up and vesting period for early supporters by four years.Tron Founder Justin Sun issued harsh criticism of the new proposal, calling it one of the “most absurd governance scams” he has ever seen.

World Liberty Financial faces heavy internal backlash after proposing a mandatory four-year token lock-up that threatens to freeze investor assets indefinitely if they reject the new terms.Major investor Justin Sun criticized the move as a governance scam and a form of coercion while claiming his own holdings are currently blocked from participating in the upcoming vote.