WASHINGTON (Diya TV) — Questions are swirling around President Donald Trump’s push to mediate the India-Pakistan conflict following his family’s latest venture: a cryptocurrency deal inked in Islamabad just days after the Pahalgam attack.
Pakistan signed the agreement with World Liberty Financial (WLF) on April 26, a company in which Trump’s sons, Eric and Donald Jr., and son-in-law Jared Kushner collectively hold a 60% stake. The timing has raised suspicions, as the deal was finalized shortly before the escalation of military strikes and counterstrikes between India and Pakistan.
The WLF homepage openly declares itself “Inspired by Donald J Trump,” accompanied by a portrait of the former president. The signing ceremony in Islamabad included Pakistan’s Minister for Information Ataullah Tarar, PCC CEO Bilal Bin Saeed, and WLF Co-Chairman Zachary Witkoff, among others. Bilal bin Saqib, chief advisor to Pakistan’s finance minister, had already signaled Pakistan’s intention to legalize cryptocurrency during a Bloomberg TV interview in March.
Beyond the headlines of conflict, the WLF’s role in Pakistan’s crypto ambitions is drawing scrutiny. “The use of USD1 in the deal highlights World Liberty’s growing clout in the global crypto industry, and its ties to Binance,” according to a report by Reuters. USD1 is the stablecoin issued by WLF and was used by Abu Dhabi’s MGX in its $2-billion investment in Binance Holdings.
Not everyone is pleased with the development. Democratic Senator Elizabeth Warren didn’t mince words, saying, “This is corruption and no senator should support it.” The investment and the broader dealings of WLF have also faced calls for investigation by Senator Richard Blumenthal, but WLF’s lawyers have pushed back, dismissing the investigation as “based on fundamentally flawed premises and inaccuracies.”
Trump’s family’s influence didn’t end with the Islamabad signing. The WLF delegation also met with Pakistani Prime Minister Shahbaz Sharif, Army Chief General Asim Munir, and other top officials. The company aims to “explore the tokenisation of real-world assets like real estate and commodities” and offer strategic advisory on blockchain infrastructure, according to Pakistani government sources.
The sudden interest in Pakistan’s crypto market — combined with Trump’s overture to mediate in Kashmir — has left many asking whether business is fueling political posturing. “The interest of the Trump fraternity in the entire Pakistani cryptocurrency deal is thus revealed,” a source said.
The intersection of Trump’s political maneuvering and his family’s business interests extends beyond South Asia. Trump also held an unexpected meeting with Syrian President Ahmed Hussein al-Sharaa, a move that reportedly came at Saudi Arabia’s behest and close to MGX’s investment in WLF.
The Pahalgam attack and the subsequent India-Pakistan crisis have only deepened the questions. With WLF under fire for its direct ties to the former president and allegations of “potential conflicts of interest,” the line between diplomacy and business is increasingly blurred.
As one official noted, “Any instability, forget a war, is bad for business. So, what does a businessman do? Try to broker peace.”
Whether this latest push for peace is truly in the region’s interest — or just another business move — remains an open question.
