Asked about World Liberty Financial, Hunter Biden said the Trump family’s business dealings make the accusations against him look like “a speed bump as compared to the Mount Everest of corruption that they are engaged in.”

Host Laura Shin asked Biden on the show, in an episode that streamed Wednesday, about his August post on X, which said, “The Trump family’s business, World Liberty Financial, is corruption at a scale we’ve never seen.” Shin noted that the post compared World Liberty’s borrowing against its own token to how FTX operated before it collapsed.

Biden answered by pointing beyond World Liberty to the rest of the family. He urged listeners to look at “each family member individually” and at “what they have done that has been reported in the public,” and to compare it with the accusations made against him. “I literally did no business other than sell paintings while my dad was President of the United States,” he said.

Earlier in the interview, Biden said every move Trump has made in crypto has been “for the benefit of himself and not for the community, not for cryptocurrency as a whole, not for the policy.”

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World Liberty’s Business

Trump’s 2025 financial disclosure shows about $592 million from World Liberty token sales and equity, part of roughly $1.4 billion in crypto income. An entity backed by the UAE’s national security adviser agreed to pay $500 million for 49% of World Liberty, The Wall Street Journal reported, according to Fortune. The company’s trust arm won preliminary conditional approval for a national trust charter from the Office of the Comptroller of the Currency in August. In April, World Liberty borrowed about $75 million against its own token on Dolomite. World Liberty said at the time that it was “nowhere near liquidation” and would “simply supply more collateral” if needed.

Justin Sun’s Lawsuit

Tron founder Justin Sun, who says he invested $45 million in WLFI tokens, is suing World Liberty, alleging it secretly froze his tokens. At the parties’ joint request, a federal judge paused the case on Tuesday until Oct. 22 over a jurisdiction question. World Liberty has called Sun’s claims meritless, and it has filed its own defamation suit against him in Florida state court.

The TRUMP Memecoin

Explaining why he launched his own memecoin, LAPTOP, Biden said Trump presented himself as “the crypto king” but has done more damage than good to the crypto community. Biden called it “the cardinal sin of what he did” that the money came from Trump’s most devoted followers. Trump “literally took the money out of their pockets” and put it into his own, Biden said. “I can’t believe that a sitting president of the United States, let alone anyone, would do that.”

TRUMP launched on Jan. 17, 2025, three days before the President’s inauguration. CIC Digital, a Trump Organization affiliate, and Fight Fight Fight LLC together own 80% of its supply, unlocking over three years, according to the token’s website. About 1 million wallets have net losses totaling $4.5 billion on the token, NBC News reported in July. Trump reported $635 million in 2025 royalties from a licensing agreement with Celebration Coins, which NBC News described as a group specializing in meme coins bearing his name. TRUMP traded near $2.18 on Wednesday, 97% below its January 2025 peak.

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