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Questions Surround Trump's WLFI Project and Binance

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by Giorgi Kostiuk

5 hours ago


Recent claims surrounding the world’s largest cryptocurrency exchange Binance have stirred significant debate. CEO Changpeng Zhao (CZ) vehemently denied these allegations while waiting for a new statement from Donald Trump’s camp. The accusations have led to temporary fluctuations in the price of BNB Coin.

Trump, Binance, and the WLFI Initiative

Donald Trump appears determined to showcase his stance on cryptocurrency during the election season by launching the WLFI project. Just hours before taking his oath, he issued his own token, indicating a deep involvement with cryptocurrencies. However, the WLFI initiative has encountered several issues. Many politicians have suggested that this venture has turned into a secure method of bribing Trump through the token sale. A particularly poor example is Justin Sun, who resolved his issues with the SEC after acquiring tens of millions of dollars worth of tokens last year. Furthermore, WLFI exploited Trump’s position for promotional opportunities, signing indirect advertising agreements to encourage token purchases in exchange for adding tokens to their reserves. Recently, claims surfaced that a portion of Binance US shares could be acquired through WLFI.

Allegations Denied

After a sovereign wealth fund from the UAE invested $2 billion in Binance Global to acquire a minority stake, similar scenarios for Binance US seemed plausible. However, CZ swiftly refuted these claims. Just hours ago, World Liberty Financial also denied the allegations via social media.

Articles appearing in WSJ, Bloomberg, and elsewhere seem politically motivated, revealing a troubling model of agenda-driven journalism that harms the crypto industry. To clarify: WLF is a DeFi project with a monumental mission to build and democratize a new financial system for millions. It’s that simple.

Quotes and Next Steps

CZ also asserted that these allegations are being propagated by anti-crypto media, suggesting that an agreement related to resolving issues with the exchange was implied.

I/Binance have no business agreement with WLF or any individuals mentioned in their articles. Furthermore, we did not purchase WLFI Coins.

The situation with WLFI and Binance is evolving, and new statements from the parties may impact the cryptocurrency market and further discussions concerning the controversial project.

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