The Wall Street Journal reported on May 23rd that Steve Witkoff, a key envoy during the Trump administration, visited the UAE for discussions related to regional dynamics. Notably, during this trip, he engaged in a cryptocurrency-themed conference. His son, Zach Witkoff, the founder of World Liberty Financial (WLFI), often styles Trump as the “Godfather” in the cryptocurrency sector, emphasizing that WLFI is poised to capitalize on changing U.S. cryptocurrency regulations.
In a significant move, Zach Witkoff outlined proposals to Pakistani officials regarding the potential of blockchain technology to facilitate the tokenization of the nation’s rare earth mineral transactions, strategically aligning his efforts with ongoing geopolitical negotiations. Furthermore, it’s reported that Binance founder CZ has assisted WLFI in international endeavors, although a WLFI representative clarified that he acts merely as a friend, not a broker.
The WLFI team is actively exploring token purchase opportunities with various Gulf-region enterprises, which may bolster their ambitions in the U.S. market, though these discussions remain speculative as the company has officially refuted claims of direct involvement in such transactions.