Trump’s World Liberty Financial Slams Bloomberg Report Over Alleged Binance Stablecoin

A recent Bloomberg report claimed that World Liberty Financial (WLFI), a blockchain project linked to the Trump family, was in talks with Binance to launch a U.S. dollar-backed stablecoin. It also alleged that Binance co-founder changpeng zhao changpeng zhao Changpeng Zhao, populalrly known as CZ, is a Chinese-Canadian businessman. He founded Binance, the biggest cryptocurrency exchange in the world based on trading volume. CZ came across Bitcoin (BTC) in 2013 from a friend. Full Name Changpeng Zhao Birth  1977 in Lianyungang, Jiangsu, China Nationality Chinese-Canadian, UAE Education BSc. from McGill University Marital Status Married to Yang Weiqing Famous For Binance, Advocate for decentralized finance, blockchain tech. Net Worth $59.4B (refer for realtime) Before starting Binance in 2017, he was the Head of Development at Blockchain.info and the Chief Technology Officer (CTO) at OKCoin. Under CZ, Binance launched an ICO (Initial Coin Offering) that raised $15 million and rapidly became the largest exchange within months. To improve trading options, the firm introduced Binance Smart Chain (BSC), Binance Labs, Binance Academy, Binance Launchpad, and other blockchain-based solutions. CZ has influenced the global adoption of crypto by offering regulatory compliance, DeFi solutions, and infrastructure for digital assets. CZ’s Career Timeline Tokyo Stock Exchange (2001–2003) – Developed trading systems for financial institutions. Bloomberg Tradebook (2003–2005) – Worked as a software developer for high-frequency trading systems. Fusion Systems (2005–2013) – Co-founded this financial technology firm specializing in ultra-low-latency trading solutions. Blockchain.info (2013–2014) – Served as Head of Development, working with early Bitcoin adopters like Roger Ver and Ben Reeves. OKCoin (2014–2015) – Worked as Chief Technology Officer (CTO) at one of the largest fiat-to-crypto exchanges at the time. Binance (2017–2023) – Founded Binance and led it to become the world's largest cryptocurrency exchange before stepping down as CEO in 2023. Awards and Recognizations List of achievements Year Bloomberg 50 – Most Influential People in Finance 2021 Forbes Crypto Rich List – Billionaire Status 2022 Top 10 Most Influential People in Crypto (CoinDesk) 2022 Binance – World’s Largest Crypto Exchange by Volume 2018-23 There were regulatory issues in some countries about crypto. However, CZ continued to support decentralization, financial freedom, and innovation in the cryptocurrency industry. After reaching an agreement with U.S. regulators over compliance violations, in 2023, he resigned as CEO of Binance. Useful Links X (formerly Twiter) https://twitter.com/cz_binance? Instagram CZ_Binance (@changpengzhao)  LinkedIn Changpeng Zhao - Binance | LinkedIn EntrepreneurInvestorChief Executive Officer met WLFI co-founder Steve Witkoff at the Bitcoin MENA 2024 conference in Abu Dhabi.

The report quickly made waves in the crypto community, sparking speculation about WLFI’s potential partnership with Binance. But WLFI wasted no time shutting down the claims – taking to X to issue a fiery response, calling the report “politically motivated.”

So, what’s really going on here? Is this just another media vs. crypto clash, or is there more to the story? Let’s break it down.

WLFI Rejects Media Allegations

WLFI criticized major media outlets for what it called misleading reports about its business activities. It accused sections of the media of trying to damage the reputation of the cryptocurrency industry and suggested that the coverage was agenda-driven.

The project specifically called out Bloomberg and The Wall Street Journal for publishing what it described as unverified claims.

However, it did not mention which report triggered its response, nor did it reference Binance anywhere in its statement.

A Vague but Firm Response

Although WLFI avoided directly addressing the allegations, it highlighted its partnerships with leading blockchain projects. The post ended by advising followers to ignore “clickbait” and rely only on official WLFI updates for accurate information.

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WLFI’s Market Position and Performance

WLFI is a DeFi project associated with U.S. President Donald Trump and his family. It has a market cap of $78.9 million and holds assets like Ethereum, Tether, USDC, TRON, Wrapped Bitcoin, Chainlink, Ondo, Aave, Ethena, Movement, Sei, and more.

According to Arkham Intelligence, WLFI’s market cap has risen by 1.7% in the last 24 hours. In the same period, ETH gained 2%, WBTC 2.9%, LINK 5%, ONDO 4.3%, AAVE 6.8%, ENA 6.8%, MOVE 5.8%, and SEI 4.4%.

While WLFI insists the reports are false, Bloomberg stands by its claims, fueling the debate over media narratives and political influences in crypto.

Truth or spin? You decide.