WLFI, a cryptocurrency project with ties to the Trump family, has responded to recent reports from The Wall Street Journal and Bloomberg, calling them “unfounded” and “politically motivated.” The project released a statement criticizing what it described as “agenda-driven journalism” aimed at harming the cryptocurrency industry.
The discussion follows a Bloomberg report claiming that WLFI, referred to as World Liberty Financial, was in talks with Binance over a potential collaboration. The talks reportedly include the possibility of developing a stablecoin backed by the US dollar. However, the extent of these negotiations and whether any formal agreements have been reached remain unclear.
WLFI has positioned itself as a decentralized finance (DeFi) startup with a mission to democratize the financial system. “To get the facts straight: WLF is a DeFi project with a monumental mission to build and democratize a new financial system for the benefit of millions. It’s that simple,” the statement said.
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The project also emphasized collaborations within the blockchain industry: “We are proud to partner with many of the leading protocols and organizations that are advancing the blockchain industry. For anyone interested in the facts, we encourage you to ignore the clickbait and look beyond the sensational headlines. Instead, expect to hear directly from us for important updates on what we are building.”
Regarding the issue, it was reported that Binance’s former CEO Changpeng Zhao (CZ) met with Steve Witkoff, one of the founders of World Liberty and known for his closeness to Trump, three months after leaving the rehabilitation center. The meeting allegedly took place at the Bitcoin MENA 2024 conference in Abu Dhabi. CZ denied this information in his statement.
*This is not investment advice.
Continue Reading: Trump Family Partners Respond to Allegations of Binance Partnership with Cryptocurrency Project
