US Senate Probes Trump-Linked WLFI's Role In Pakistan Crypto Deal

US President Donald Trump serves as Chief Crypto Advocate for World Liberty Financial (WLF), a blockchain and DeFi company founded in 2024. The Trump family, which includes Eric Trump, Donald Trump Jr, and Jared Kushner, is heavily involved, with ties to the Trump-linked company DT Marks DEFI LLC. WLF recently collaborated with the Pakistan Crypto Council, led by CEO Bilal bin Saqib. This resulted in a partnership signed on April 26 to promote cryptocurrency usage and financial inclusion in the region.

After the recent partnership between WLFI and the Pakistan Crypto Council, World Liberty Financial has received a request from a US Senator Richard Blumenthal remarked that the company's response has been minimal so far that raises questions about the nature of the deal. The purpose of the inquiry is to assure openness regarding any possible financial interests or influence pertaining to US President Trump's association with WLFI.

In a letter to WLFI co-founder Zach Witkoff, Senator Richard Blumenthal highlighted serious concerns:

He writes, "Recent reports suggest that World Liberty Financial Inc. may be involved in activities that violate government ethics rules and federal laws, including the foreign emoluments clause. We are requesting detailed information on the company's ownership, financial structure, investments, and partnerships to assess any potential conflicts of interest or national security risks."

WLFI's lawyer stated that the company opposes the improper use of regulatory power that hinders legitimate innovation, emphasizing that the future of finance should be developed transparently in Washington, DC, rather than in places like Beijing, Moscow, or secretive institutions, as reported by Indian Express.

While Bilal bin Saqib, CEO of the Pakistan Crypto Council, addressed Pakistan's stance on cryptocurrencies at the Bitcoin Conference 2025 in Las Vegas, he also announced plans to establish a Strategic Bitcoin Reserve.

At the Bitcoin Conference 2025 in Las Vegas, Bilal bin Saqib, CEO of the Pakistan Crypto Council, portrayed Pakistan and Bitcoin as "victims of bad PR," frequently dubbed hazardous, unstable, and deadly. He emphasized Pakistan's youthful, tech-aware population and the government's progressive stance on digital finance, stating, "Pakistan isn't the problem. We are the protocol."

Bilal additionally showed Pakistan's intention to create a Strategic Bitcoin Reserve, highlighting the fact that blockchain technology is not simply a gimmick but rather an essential lifeline for developing nations like Pakistan. The Pakistan Crypto Council widely shared his statements across social media.