#CryptoRegulation
Pakistan’s Crypto Pact with $TRUMP -Linked Firm Raises Eyebrows After Pahalgam Attack
A Deal Amid Tensions
Just days after the Pahalgam terror attack on April 22, Pakistan signed a high-stakes cryptocurrency agreement with World Liberty Financial (WLF)—a DeFi firm in which Donald Trump’s family holds a 60% stake. The timing of this deal has drawn intense scrutiny, particularly as Trump publicly claimed credit for brokering a ceasefire between India and Pakistan—a claim not acknowledged by New Delhi.
Crypto, Ceasefire, and Controversy
The Pakistan Crypto Council (PCC), a newly-formed entity less than a month old, signed a Letter of Intent with WLF to promote blockchain innovation, stablecoin adoption, and DeFi integration across Pakistan. The WLF delegation included Zachary Folkman, Chase Herro, and Zachary Witkoff—son of Trump’s envoy Steve Witkoff.
High-level meetings followed, with WLF’s team engaging with Pakistan’s Prime Minister, Army Chief, Deputy PM, and key ministers, underscoring the significance of the partnership.
Trump Ties and Strategic Stakes
WLF is a DeFi platform backed by Trump-aligned investors, including Eric Trump, Donald Trump Jr., and Jared Kushner. With strong connections to Washington’s power circles and Trump’s Mar-a-Lago base, WLF’s activities blur the lines between private crypto ventures and geopolitical diplomacy.
The Trump administration has promised favorable crypto regulations and has already eased enforcement on several industry players, further fueling speculation around the motives behind this deal.
Diplomatic Implications
The US’s shifting tone-from neutrality after Operation Sindoor on May 7 to Trump’s declaration of a ceasefire—has only deepened the intrigue. While the Indian government remains silent on Trump's claims, Pakistan’s embrace of a Trump-linked crypto firm is raising questions about diplomatic leverage, economic gain, and the evolving role of digital finance in global affairs .
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