On March 15, the Trump family's cryptocurrency project World Liberty Financial (WLFI) officially responded on social media to recent reports by The Wall Street Journal and Bloomberg:
"The unverified articles in question appear to be driven by political motives, exhibiting a disturbing agenda-driven news model aimed at harming the cryptocurrency industry. To clarify the facts: WLFI is a DeFi project with the noble mission of building and democratizing a new financial system for millions. It's that simple. We are proud to collaborate with many leading protocols and organizations that are driving the blockchain industry forward. For anyone interested in the facts, we encourage you to ignore the clickbait and look beyond the sensational headlines. Instead, please wait for our important updates on what we are building."
BlockBeats previously reported that yesterday, The Wall Street Journal published an article questioning whether the Trump family was using their company to extort Binance, stating that the Trump family was in negotiations to invest in Binance.US. Bloomberg reported that Trump's cryptocurrency project WLFI had discussed the possibility of collaborating with Binance to develop a stablecoin.