Trump’s Company Refutes Claims of Binance Partnership

WLFI, a cryptocurrency project linked to the Trump family, has responded to recent allegations made by major news outlets, labeling them as politically charged and inaccurate.

The project released a statement challenging what it called “agenda-driven reporting” and denying any claims made by sources like The Wall Street Journal and Bloomberg.

The controversy stems from a report by Bloomberg, which suggested that WLFI, or World Liberty Financial, had entered discussions with Binance about launching a US dollar-backed stablecoin. However, details on the talks remain unclear, and it’s uncertain whether any formal agreements were made.

In its response, WLFI clarified its mission, asserting that the project is a decentralized finance (DeFi) initiative focused on transforming the global financial system. The statement emphasized WLFI’s commitment to democratizing finance, positioning itself as a forward-thinking player in the space.

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Furthermore, WLFI defended its relationships within the blockchain ecosystem, stressing that it partners with top-tier organizations pushing the industry forward. It urged the public to ignore sensational headlines and instead look to the company for accurate and transparent updates.

Adding fuel to the speculation, a report claimed that Binance’s former CEO, Changpeng Zhao (CZ), met with Steve Witkoff, a prominent figure behind WLFI, at the Bitcoin MENA 2024 conference in Abu Dhabi, three months after his rehab stint. However, CZ has publicly denied these allegations.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.