World Liberty Financial Inc (WLFI), a crypto firm owned by the Trump family, is under scrutiny after going quiet on its deal with Pakistan—raising concerns over political business ties.
In April, WLFI struck a partnership with the Pakistan Crypto Council shortly after communications with Prime Minister Shehbaz Sharif. Now, a U.S. Senate subcommittee is asking questions. But WLFI has said nothing. The silence is louder than a press release.
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Pakistan, for its part, is being blunt. Pakistan Crypto Council CEO Bilal Bin Saqib admitted that the country’s new crypto friendliness is mostly political. At a crypto summit in Las Vegas, Saqib said Pakistan and Bitcoin suffer from “bad PR” and are both seen as risky.
“Once we look beyond the headlines, we see potential,” he said. “We’re just looking for allies.”
A bit rich, considering he just met with Pakistan’s army chief to discuss crypto plans—not exactly your typical tech meeting. But then again, nothing about this deal screams “standard.”
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Crypto or campaign?
Critics argue that Trump’s crypto firm is using international business to advance political influence. The WLFI team includes Donald Jr., Eric Trump, and even Barron Trump—who’s just 19—as “Web3 Ambassadors.” That’s less like a team and more like a dynasty with a digital wallet.
Even Zach Witkoff, son of Trump ally and envoy Steve Witkoff, co-founded WLFI. On social media, he said the deal would “bring financial inclusion to the next generation in Pakistan.” Sure—but at what cost?
Then came the ceasefire claims.
As tensions flared between India and Pakistan following the Pahalgam terror attack, Trump claimed he helped broker a ceasefire. Pakistan backed his version. India didn’t. Suddenly, crypto isn’t just about coins—it’s about conflict resolution?
When crypto firms are run by political families and deals are struck with fragile states, it’s fair to ask: Is this innovation or influence-peddling?
Whether this ends in regulation or resignation remains to be seen. But one thing’s clear—Trump’s crypto firm isn’t just playing in the Web3 space. It’s playing global chess.
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