Trump Family Crypto Firm World Liberty Financial (WLFl) Announces $2 Billion Deal With MGT and Binance

This week in front of a Dubai audience, Zach Witkoff, co-founder of the Trump family crypto firm World Liberty Financial (WLFl), announced an ethically-nightmarish

A new report by Accountable.US has highlighted the potential conflicts of interest arising from the involvement of President Trump's billionaire Special Envoy to the Middle East, Steve Witkoff, in the family's crypto ventures and his role in brokering a $2 billion deal between World Liberty Financial (WLFl) and Binance.

The report, titled "An Incumbent President Leveraging the Office For Personal Gain: A Review of the Unprecedented Corruption of the Trump Administration," examines the various ways in which the Trump family has used their political connections and the presidency to enrich themselves and engage in risky crypto projects.

According to the report, Steve Witkoff, a close friend of President Trump for over 50 years, joined the Trump administration in 2020 as the Special Envoy to the Middle East for Energy and Climate. He is also the co-founder of World Liberty Financial Inc. (WLFI), a company that launched Trump-branded "meme coins" just days before Trump's inauguration.

The report notes that WLFl's projects have been met with alarm from experts, who warn of their potential for facilitating corruption, foreign influence, and special favors for corporate and bad actors.

"An administration's official envoy to the Middle East should never be the middleman in the President's personal overseas business dealings—especially with convicted financial fraudsters—but here we are," said Accountable.US Executive Director Tony Carrk.

"It is not normal that Donald Trump's sons and the son of his billionaire special envoy and crypto venture business partner are hatching murky personal business deals backed by the United Arab Emirates who want who knows what in return. What interests of the American people are being used as a bargaining chip? The President continues to test the limits of what his allies in Congress are willing to go along with when it comes to the potential for corruption and leveraging the office to gobble up new riches for his family around the globe."

The report also notes that Steve Witkoff's son, Zach Witkoff, the co-founder of WLFl, announced the $2 billion deal between WLFl and MGX, a United Arab Emirates-backed investment firm, and Binance at an event in Dubai this week.

The report claims that virtually every detail of the deal, which was attended by Chinese crypto billionaire Justin Sun, contains a conflict of interest.

"The partnership will see MGXI, an Abu Dhabi-backed investment firm, and Binance, the world's largest cryptocurrency exchange by trading volume, invest a total of $2 billion in WLFl's projects over the next three years," the report states.

"The investment will be used to develop WLFl's blockchain and Web3 projects, including its $TRUMP coin, which is set to launch in the coming months."

The report adds that the deal is still pending approval from relevant authorities in the United Arab Emirates and China.

"We are pleased to announce this partnership with MGXI and Binance," said Zach Witkoff. "We believe that this investment will help to accelerate the development of WLFl's projects and bring them to a wider audience."

The report concludes by saying that the partnership is a win-win for all parties involved and will help to advance the Web3 ecosystem in a meaningful way.

"We are excited to see what the future holds for WLFl and its projects," the report says. "We wish them all the best in their endeavors."

The blatant corruption and abuse of power in the Trump administration is no laughing matter. It threatens the fabric of our democracy and the principles of justice and fairness that our nation is founded upon.

We must hold corrupt officials accountable and protect the integrity of our government.

Together, we can ensure that America remains a land of opportunity and hope for all.

Stay tuned for more updates on this developing story.

In other news, a new report by the nonpartisan watchdog Accountable.US has highlighted the potential conflicts of interest arising from the involvement of President Trump’s billionaire Special Envoy to the Middle East in the family’s crypto ventures and his role in brokering a $2 billion deal between World Liberty Financial (WLFl) and Binance.

The report, titled “An Incumbent President Leveraging the Office For Personal Gain: A Review of the Unprecedented Corruption of the Trump Administration,” examines the various ways in which the Trump family has used their political connections and the presidency to enrich themselves and engage in risky crypto projects.

According to the report, Steve Witkoff, a close friend of President Trump for over 50 years, joined the Trump administration in 2020 as the Special Envoy to the Middle East for Energy and Climate. He is also the co-founder of World Liberty Financial Inc. (WLFI), a company that launched Trump-branded “meme coins” just days before Trump’s inauguration.

The report notes that WLFl’s projects have been met with alarm from experts, who warn of their potential for facilitating corruption, foreign influence