Highlights
The US President Donald Trump is grappling with a political storm in Washington over the allegations of bribery and corruption around his family’s crypto ventures. The crypto platform World Liberty Financial (WLF), run by Trump’s family, has now surpassed a whopping $100 million in cryptocurrency holdings. Moreover, the firm’s recent deal with Pakistan is now grabbing headlines.
WLF recently partnered with the Pakistan Crypto Council (PCC) to advance blockchain innovation, stablecoin adoption, and decentralized finance integration across Pakistan. Last month, Pakistan also roped in Binance founder Changpeng Zhao (CZ) as its adviser. The Pakistani government reportedly aims to turn Islamabad into ‘South Asia’s crypto hub’.
The partnership between WLF and PCC involves collaboration in key areas like regulating and testing blockchain financial products, facilitating the responsible growth of DeFi protocols, exploring tokenization of real-world assets (RWAs), and expanding stablecoin applications. WLF’s co-founders have reportedly met the Pak Prime Minister and other high-ranking officials to formalize the deal, as per the local media.
The partnership with Pakistan signifies a significant step for WLF in expanding its global footprint. Earlier this year, a Dubai-backed fund announced that it would use WLF’s USD1 stablecoin to acquire a $2 billion stake in Binance, highlighting WLF’s growing influence in global crypto finance. It has also attracted major investments from the crypto industry, including $75 million from Tron founder Justin Sun.
The Trump family’s involvement with World Liberty Financial has been a cause of intense political debate. Founded in 2024, WLF still carries President Donald Trump as its “Chief Crypto Advocate”, as per media reports. The family is said to have over 60% stake in the WLF’s parent company, WLF Holdco LLC, and possesses 22.5 billion WLFI tokens.
WLF’s cryptocurrency portfolio has seen significant growth within a short span. WLF purchased over $100 million in crypto tokens in January this year, coinciding with President Trump’s inauguration. This purchase included substantial amounts of Ether (ETH) and Wrapped Bitcoin (WBTC). These acquisitions reportedly brought WLF’s total cryptocurrency holdings to over $300 million at that time. However, due to market volatility, the firm lost significant value in its crypto portfolio.
Now, it has gradually rebuilt its portfolio, with WLF’s cumulative crypto holdings reaching $107,483,406 on May 16.
However, House Democrats are now demanding an investigation into suspicious financial activities involving President Donald Trump’s crypto projects like WLF.
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