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.

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.