Last (13) night, The Wall Street Journal exclusively reported that the "Trump family is in negotiations to invest in Binance US", and that CZ, the founder of Binance who served a 4-month sentence in the US last year for violating anti-money laundering laws, is seeking a pardon from the Trump administration, the main reason being to alleviate the obstacles to Binance's expansion into international markets, which has sparked heated discussion in the community.
Subsequently, CZ quickly came forward to clarify that the "report is untrue", emphasizing that he has never discussed any Binance US deals with anyone, and that he, Binance, and the Trump family's cryptocurrency project World Liberty Financial (WLFI) have no business transactions and have not purchased any WLFI tokens. However, Trump is still being criticized by critics and the media for whether his family's involvement in such transactions constitutes a "conflict of interest".
WLFI: The Wall Street Journal is driven by political motives, aiming to undermine the crypto industry.
Regarding the WSJ's report, the Trump family's cryptocurrency project World Liberty Financial (WLFI), which had remained silent until yesterday, finally issued an official statement through its official X account today (15th), stating that the articles by The Wall Street Journal and Bloomberg are unverified, and criticizing that these media outlets are driven by "political motives" to undermine the cryptocurrency industry.
To clarify the facts: WLF is a DeFi project with a noble mission to build a new financial system and democratize it to benefit millions of people, that's it.
We are honored to collaborate with many leading protocols and organizations that are driving the development of the blockchain industry. For those interested in the facts, we encourage you to ignore the clickbait and not just focus on sensational headlines. Instead, please wait for our direct updates on the important things we are building.
On Thursday, Bloomberg cited informed sources to report that WLFI is in talks with Binance to collaborate, including co-developing a US dollar stablecoin.
Further reading: He Yi encourages CZ to seek pardon as CZ refutes WSJ's fabrication: "Never negotiated Binance US deal with Trump"
WLFI Completes $590 Million Token Sale
Notably, Coindesk reported on Friday that the cryptocurrency project created by the Trump family has successfully completed the WLFI Token sale, with on-chain data showing that the project has raised $590 million through two pre-sales.
According to data compiled by ICODrops, the $590 million raised by WLFI has placed the project among the top 10 highest-grossing Token sales in history, with the highest-grossing Token sale to date being EOS, which raised $4.2 billion.
WLFI co-founder Zak Folkman previously credited the success of WLFI's Token sale to TRON founder Justin Sun. Since Justin Sun invested $30 million and subsequently added more investment last November, the initially sluggish WLFI Token sale has started to heat up.
The rules for WLFI's Token pre-sale stipulate that only accredited investors can participate, and the Tokens cannot be transferred or publicly traded on exchanges, with the listing date of the Tokens on exchanges still undetermined.
