- Pakistan has entered into an agreement with World Liberty Financial (WLF), a cryptocurrency firm in which the Trump family holds a 60% stake
- The timing of the announcement happened just a few days before the terror attack in the town of Pahalgam
- WLF associates met with Pakistan’s Prime Minister Shehbaz Sharif and General Asim Munir
It’s no secret that the current US President, Donald Trump has close ties to the crypto world. However, recent events raised concerns in the sector, as well as within economic circles. Namely, Pakistan has entered into an agreement with World Liberty Financial (WLF), a cryptocurrency firm in which the Trump family holds a 60% stake.
It was reported that the core objectives of the agreement are to develop blockchain infrastructure, foster stablecoin usage, and integrate DeFi services into Pakistan’s financial ecosystem.
Deal’s Timing and High-Level Meetings Raise Questions
This probably wouldn’t have been that big of a news if it weren’t for Trump’s diplomatic engagements in the region and the current Pakistan-India crisis.
The timing of the announcement happened just a few days before the terror attack in the town of Pahalgam, in Kashmir, India, where over 26 civilians were killed.
The actual deal was signed between WLF and the Pakistan Crypto Council, which was formed by the Pakistani government in mid-March. In early April, the council appointed Changpeng Zhao (CZ), Binance’s co-founder, as an advisor.
Several high-profile WLF associates were present during the agreement, such as senior WLF executives Zachary Folkman and Chase Herro, along with the son of Trump’s longtime business associate Steve Witkoff, Zachary Witkoff.
They had meetings with Pakistan’s Prime Minister Shehbaz Sharif and General Asim Munir. The latter is probably the main cause for this controversy, especially in India, considering it is believed he was involved in the Pahalgam attack.
Naturally, the entire thing can all be a big coincidence, and WLF is just there to expand the partnerships across the globe. However, the timing and WLF’s connections made many observers assess its implications on regional dynamics and international relations.
WLF’s Past Controversies and Tron Connection Under Scrutiny
This isn’t the only time WLF was under scrutiny. Late last year, the company partnered with the Tron network, a blockchain platform that has faced allegations of being used by militant groups such as Hamas and Hezbollah for illegal transactions.
Tron’s founder, Justin Sun, who himself is under investigation by the SEC for fraud, has invested $30 million into WLF and now serves as an advisor to the company.
The Trump family’s involvement in WLF, coupled with its political influence, has been raising alarms among ethics watchdogs for a while now, and these latest events will surely add more fuel to the fire.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
