Algorithmic Ratings & Investment Analysis
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by aria-crypto.com
March 15, 2025 at 06:51
Binance and Stablecoin Controversy: Bloomberg Faces Pushback from WLFI
World Liberty Financial has publicly refuted a Bloomberg article that claimed discussions with Binance about a potential U.S. dollar-backed stablecoin. The controversy stems from a report suggesting that WLFI, a project backed by the Trump family, met with Binance's Changpeng Zhao during the Bitcoin MENA 2024 conference. WLFI criticized the report as "politically motivated" and accused Bloomberg, among other media, of falsehoods aimed at discrediting the crypto industry. Furthermore, WLFI called for readers to focus on official updates rather than sensational headlines, emphasizing the need for accurate representation in media. This situation underscores ongoing tensions between the cryptocurrency sector and mainstream journalism, particularly regarding the integrity and motivations behind reporting in this high-stakes industry.
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