Trump-Linked WLFI and Binance Deal Rumors Grow Despite CZ’s Denial
Rumors of Trump-affiliated WLFI exploring a Binance partnership persist, despite CZ denying claims of business ties or seeking a presidential pardon.
New claims have surfaced about potential dealings between Trump-affiliated WLFI and Binance, despite former Binance CEO CZ strongly denying the allegations. According to Bloomberg, insiders claim that discussions were held regarding a partnership, including the possibility of launching a USD-backed stablecoin. However, the report does not suggest that Trump himself was directly involved.
Earlier, The Wall Street Journal reported that the Trump family considered acquiring a stake in Binance.US, while also alleging that CZ sought a presidential pardon. CZ swiftly denied these claims, saying he had no discussions with anyone about a Binance deal and dismissing the article as politically motivated. However, his statements mainly focused on his personal actions, leaving room for speculation about wider Binance-Trump connections.
Bloomberg has since doubled down on the claims, citing four unnamed sources who allege that WLFI explored collaboration with Binance. WLFI, a Trump-affiliated DeFi project, reportedly considered both developing a stablecoin and investing in Binance.US. While WLFI’s website states that Eric Trump is a board manager and that certain Trump family members hold WLFI tokens, the President himself is not officially linked to the project’s operations.
If true, these discussions could raise ethical concerns. A partnership between WLFI and Binance could present serious conflict-of-interest issues, as Trump’s influence over financial regulators could directly impact Binance’s legal standing. The crypto community has already questioned Trump’s involvement in the TRUMP meme coin, and any direct financial ties to Binance would likely attract even more scrutiny.
Despite the controversy, there is no concrete evidence that Binance finalized any agreement with WLFI. CZ has continued to push back against the allegations, calling Bloomberg’s reporting a “baseless hit piece” and claiming that Binance has no business ties with WLFI. He further stated that Binance never purchased any WLFI tokens, which Bloomberg itself never claimed.
Adding another layer to the controversy, WLFI co-founder Steve Witkoff—a known Trump ally—was reportedly in attendance at the same Bitcoin MENA 2024 event where CZ spoke. While Bloomberg’s sources suggest that a meeting between the two took place, CZ has neither confirmed nor directly denied this possibility.
The political and financial implications of these reports remain uncertain. Even if WLFI representatives did meet with Binance executives, it does not necessarily imply any direct Trump involvement. However, the overlap between Trump-affiliated entities and Binance remains a sensitive issue, especially given the regulatory scrutiny surrounding the crypto exchange.
As this situation unfolds, questions about Binance’s regulatory future and Trump’s relationship with the crypto industry will continue to generate intense debate. While CZ remains firm in his denials, the existence of discussions between WLFI and Binance—if true—could reshape the narrative around Trump’s crypto stance and Binance’s ongoing efforts to regain credibility.
