Emma Nelson 
World Liberty Financial (WLFI), a prominent crypto project backed by Donald Trump, has issued a strong response to what it believes is politically motivated media coverage targeting the cryptocurrency sector. The project has voiced concerns about reports from major news outlets such as the Wall Street Journal and Bloomberg, which it claims are part of a broader effort to undermine the crypto industry. WLFI has made it clear that its goal is to build a decentralized financial system that will benefit millions of people, countering what it views as unfair portrayals of the sector by these media organizations.
World Liberty Financial
In an official statement, WLFI reaffirmed its commitment to democratizing finance and creating a new financial system. The project argued that the media coverage it has received is not grounded in facts but is instead driven by political agendas aimed at harming the cryptocurrency industry. WLFI emphasized its pride in partnering with leading blockchain protocols and organizations that are advancing the space, demonstrating its dedication to building a trusted and innovative financial ecosystem.
The project urged the public to disregard sensationalist headlines and instead focus on official updates directly from WLFI to obtain accurate and reliable information. By taking this approach, WLFI aims to build greater trust with the crypto community and counter the misleading narratives that it believes have been perpetuated by the media. The project’s stance reflects its desire to maintain transparency and control over its own message, particularly in the face of what it deems as politically charged press coverage.
A recent development that has added fuel to the media fire involves the Trump family’s potential involvement with Binance, a major global cryptocurrency exchange. Reports in the Wall Street Journal suggested that a representative of the Trump family had discussed purchasing a stake in Binance’s U.S. arm, a deal that could have been facilitated through World Liberty Financial. According to the Journal, talks about the potential stake purchase began when Binance sought to reenter the U.S. market, with Steve Witkoff, a close ally of Trump, playing a key role in the discussions. Witkoff had been involved in launching WLFI shortly before Trump’s presidency in 2016.
However, both WLFI and Binance have denied that any formal agreements or transactions have taken place regarding the purchase of a Binance U.S. stake. Binance’s CEO, Changpeng Zhao (CZ), has publicly dismissed the reports, stating that he had never discussed any deal involving Binance U.S. with anyone. Furthermore, CZ addressed another rumor suggesting that he had requested a pardon from President Trump, labeling it as misleading. He denied any involvement in such a request and clarified that no deal had been made and that, under the circumstances mentioned in the reports, no felon would object to a pardon.
In addition to addressing media coverage, WLFI also made headlines with the successful completion of its token sale, raising an impressive $590 million across two pre-sales. The sale was particularly notable for being limited to accredited investors, and the WLFI token cannot yet be transferred or traded on public exchanges, with no official date set for its listing. The success of the sale can be largely attributed to the involvement of Justin Sun, the founder of the Tron network, who invested $30 million in the project. Sun’s involvement helped to boost investor confidence in WLFI, particularly in the face of initial criticism due to the high-profile individuals associated with the project.
WLFI co-founder Zak Folkman highlighted that Sun’s investment signaled strong belief in the project’s potential to drive innovation in the crypto space, despite the controversies surrounding its launch. With the backing of influential figures like Sun, WLFI aims to push forward its mission of transforming the financial industry and demonstrating the real-world potential of blockchain and decentralized finance.
