- The Trump Family Project WLFI accuses media outlets of biased reporting to undermine the crypto industry.
- WLFI defends its blockchain partnerships, emphasizing their role in financial innovation.
- Allegations of a Trump-Binance. US deals are denied, with claims of political motives behind the reports.
The Trump Family Project has stood firmly against the big media giants like The Wall Street Journal and Bloomberg. Labeling them for politically motivated assaults on the crypto sector.
The project spoke of what it refers to as an alarming trend of agenda journalism, intended to disprove blockchain and DeFi initiatives in a statement made public by World Liberty Financial (WLFI).
Protecting Blockchain Partnerships
The Trump Family Project reinstated its stake in the blockchain sector by foregrounding its connections with premier blockchain institutions.
To WLFI, these are required to push technical innovation and help spur decentralized financial innovation. Blockchain and crypto remain transformative agents whose development must not be weakened. That, too, is achieved through skewed media narratives but championed instead, the project believes.
WLFI’s statement directly called out media reports that it claims lack objectivity. Reported that
The project urged the public to look beyond what it described as sensationalized headlines. And focus on the real potential of blockchain technology.
Is crypto being unfairly targeted?
This is not the first criticism of crypto reporting by mainstream media. A widespread argument long posited in the industry has been that established publications preferentially address regulatory issues, scandals, and controversy about crypto over-reporting technological innovation and the fiscal potential crypto can offer.
WLFI to brazenly disagree with it creates a sense of renewed discussion concerning whether or not crypto is receiving undue negative attention or whether it is based in legitimate journalistic concern.
Binance Stake Allegations
Perhaps the most recent charge concerns allegations that the Trump clan considered buying an interest in Binance.US via WLFI.
The news said that the talks were concurrent with Binance founder Changpeng Zhao’s attempts to obtain a presidential pardon. After pleading guilty in 2023 for breaking anti-money-laundering laws.
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