Trump pardoned Binance founder Changpeng Zhao amid documented business ties between Binance and the family's stablecoin
Zhao's team paid a Trump-connected lobbying firm $1.3 million; Trump later said of Zhao, 'I don't know who he is.'
World Liberty Financial
Trump family crypto venture (WLFI token, USD1 stablecoin) co-founded with Zach Witkoff; source of almost $800 million in reported 2025 receipts.
Profile sources: Reuters
Claims involving World Liberty Financial (7)
Trump signed the first federal stablecoin law while his family held a major stake in a stablecoin issuer
The GENIUS Act became law July 18, 2025; the final text contains no Trump-specific recusal provision.
Abu Dhabi state-backed MGX settled its $2 billion Binance investment in USD1, the Trump-family-linked stablecoin
The May 1, 2025 announcement was made onstage by WLF co-founder Zach Witkoff alongside Eric Trump.
Trump's March 2025 crypto-reserve announcement moved the prices of the named assets while his family held large crypto positions
The announcement named five assets and triggered an immediate market surge; family holdings of the specific named assets are not established.
The 2025 disclosure reports at least $2.2 billion in income, about $1.4 billion of it from family crypto ventures
Crypto income dwarfs every other disclosed income stream in the president's first year back in office.
World Liberty Financial produced almost $800 million in disclosed 2025 income for Trump-linked companies
Token sales and the sale of interests in the family co-founded crypto venture were the single largest disclosed income source.
The SEC moved to pause its fraud case against Justin Sun weeks after he became WLF's largest known investor
The February 26, 2025 joint stay request is a documented sequence, not a proven exchange.
Documented relationships (4)
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| Subject | Relationship | Object | Establishes / does not establish | Sources |
|---|---|---|---|---|
| Donald J. Trump | benefits from | World Liberty Financial | Almost $800 million in reported 2025 receipts to Trump companies from the venture, per Reuters' review of the disclosure. Does not establish: That crypto policy actions were taken to benefit the venture. | Reuters U.S. Office of Government Ethics |
| Binance | contracted with | World Liberty Financial | A reported business relationship including a $2 billion investment into Binance denominated in World Liberty's USD1 stablecoin, per WSJ. Does not establish: The relationship's terms. Changpeng Zhao denies any business relationship with the Trumps; the dispute is recorded on the related claim. | The Wall Street Journal |
| World Liberty Financial | owns | USD1 (stablecoin) | USD1 is issued by World Liberty Financial, per Reuters, The Guardian, and Forbes. Does not establish: The internal revenue split from USD1 reserves; Reuters said public reporting was insufficient to determine the family's final benefit. | The Guardian Forbes |
| Justin Sun | invested in | World Liberty Financial | Token purchases of $30 million, later raised to $75 million, making Sun the venture's largest publicly known early investor, per Reuters. Does not establish: Any connection between the investment and the SEC's later stay of its case against him; that sequence is documented, not explained. | Reuters Reuters |
On the timeline
- 2025-02-26 Official acts SEC and Justin Sun jointly seek a stay of his civil fraud case
- 2025-05-01 Business USD1 announced as the stablecoin closing MGX's $2 billion Binance investment
- 2025-07-18 Official acts Trump signs the GENIUS Act, the first federal stablecoin law