24/7 Cryptocurrency News

Trump’s World Liberty Financial Slams Agenda-Driven Media on Crypto

Trump’s World Liberty Financial (WLFI) denies Binance stake talks, and pushes back against media reports it calls politically motivated.
Trump’s World Liberty Financial Slams Agenda-Driven Media on Crypto

Highlights

  • WLFI responds to media bias, calling reports part of a political agenda against the crypto industry.
  • WLFI raises $590M in token sales, with Justin Sun investing $30M, boosting confidence in the project.
  • Trump family-linked WLFI denies involvement in Binance U.S. stake talks, as Binance CEO refutes pardon claims.

World Liberty Financial (WLFI), a crypto project backed by Donald Trump, has responded strongly to what it sees as politically motivated media coverage of the cryptocurrency sector.

In a statement, the project claimed that reports from major news outlets like the Wall Street Journal and Bloomberg were part of a broader agenda to harm the crypto industry. WLFI insisted that it is committed to building a decentralized financial system for millions of people.

Advertisement

World Liberty Financial Slams Agenda-Driven Media

In an X post, WLFI emphasized its mission to democratize finance and create a new financial system. The project asserted that the reporting from various outlets was not based on facts but seemed to be driven by political agendas aimed at undermining the crypto industry.

“We are proud to partner with leading protocols and organizations advancing the blockchain space,” the statement said.

The project further encouraged people to disregard sensational headlines and focus on official updates from WLFI for accurate information. By providing a direct line to the public, WLFI aims to build trust and clarify its position within the crypto community, amid what it describes as misleading press narratives.

Advertisement

Trump Family’s Potential Involvement with Binance

Recent reports in the Wall Street Journal revealed that a representative of the Trump family had discussed purchasing a stake in Binance’s U.S. arm. The transaction could have been facilitated through World Liberty Financial, a project supported by Trump family affiliates.

According to the Journal, the talks began last year when Binance sought to reenter the U.S. market. A key figure in the negotiations was Steve Witkoff, a close ally of Trump, who had been involved in launching World Liberty Financial two months before Trump’s presidency in 2016.

However, both Binance and WLFI have denied any formal agreements or dealings regarding the stake purchase. Binance CEO Changpeng Zhao (CZ) denied any involvement in the deal, stating, “I have had no discussions of a Binance US deal with … well, anyone.” Furthermore, CZ also addressed reports suggesting that he had requested a pardon from President Trump, calling them misleading. He added that no deal had been made and emphasized that no felon would object to a pardon under the circumstances mentioned in the reports.

WLFI’s Successful Token Sale Raises $590 Million

World Liberty Financial recently concluded a successful token sale, raising nearly $590 million across two pre-sales. The sale was notable for its participation by accredited investors only. The WLFI token, however, cannot be transferred or sold publicly on exchanges, and no date has been set for listing it on platforms.

The success of the sale is largely attributed to the involvement of Justin Sun, founder of the Tron network, who invested $30 million into the project.

According to WLFI co-founder Zak Folkman, Sun’s investment helped to boost confidence in the project, which had faced initial criticism due to the high-profile individuals involved. Folkman highlighted Sun’s belief in the project’s potential to move the crypto space forward, despite the surrounding controversy.

Advertisement

Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”

The Ethereum price and BMNR stock have recorded modest gains thanks to BitMine’s recent $1…

October 2, 2025
  • 24/7 Cryptocurrency News

ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?

In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following…

October 2, 2025
  • 24/7 Cryptocurrency News

Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle

Avalanche Treasury Co., in partnership with Mountain Lake Acquisition Corp., has unveiled a $675 million…

October 2, 2025
  • 24/7 Cryptocurrency News

Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…

October 2, 2025
  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025