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Category: Geopolitical Business
Tags: ChinaCryptoGeopoliticsPakistanTrump
Entities: Bilal bin SakibBinanceChangpeng ZhaoDonald TrumpDonald Trump Jr.DT Marx LLCEric TrumpField Marshall MonilJared KushnerPakistan Crypto CouncilWorld Liberty Financial
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Moving on, Donald Trump's warm ties with Pakistan reveal a deeper business arrangement in the crypto space between the Trump administration, Pakistan, and the somewhat invisible hand of China. Is this entire crypto deal between Trump and Pakistan a wider geopolitical game
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that Bhat needs to take note of? Here is a deep dive.
Why is Donald Trump cozying up to Pakistan? A question that deserves some thought and perhaps answers.
Donald
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Trump's warmth towards Pakistan has not gone unnoticed. The glowing statements for the Pakistan army chief who has been hosted by Washington DC are in stark contrast with evidence of Pakistan's role in Pahelgam terror attack and the listing of the resistance front or TRF
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as a global terror organization by the United States. Now from bailouts to military aid, the client state status of Pakistan is only expanding under Donald Trump.
But beyond the strategic paradigm between the United States and Pakistan,
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it seems Donald Trump has made a deal. In late April 2025, World Liberty Financial, a cryptocurrency venture closely linked to the Trump family, signed a letter of intent with Pakistan's newly formed Pakistan Crypto
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Council. World Liberty Financials ownership is central to the political framing.
DT Marx LLC, an entity affiliated with Donald Trump and family members, holds roughly 60% of the WLF's holding company
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with Eric Trump, Donald Trump Jr., and Jared Kushner as key figures behind the venture and Trump mentioned as the co-founder emmeritus. Report suggests rights to a sizable share of the specified crypto revenue
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stream. So who's on the Pakistan side?
A fast rising figure, Bailal bin Sakib heads the Pakistan Crypto Council and shortly after the letter of intent, he was appointed special assistant to the prime minister for blockchain and crypto with
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a minister of state status. He's also an adviser to World Liberty Financial, Trump's family's crypto venture.
Under his watch, Islamabad announced plans for a strategic national Bitcoin reserve and earmarked 2,000 megawatt of power for
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data mining and AI centers. Signals that the government wants to move from a posture of crypto skepticism to national scale experimentation.
In June 2025, Bilal met with dozens of US lawmakers including Senator Cynthia
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Lumnness, the Bitcoin Act co-sponsor, Senator Bill Hagerty, and key White House advisers pushing Pakistan's crypto agenda while serving in a Trump linked venture.
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Where does the military fit in all this? Pakistan's army has long played an outsized role in economic policy and investor outreach.
Now for example the special investment facilitation council was set up with a formal role for the army chief through 2025. Army chief
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general assimiler now field marshall has personally fronted pitches to foreign investors and promised a security umbrella for big sensitive projects in mining energy and now digital infrastructure. Major US and international outlets note that
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Pakistan's warming ties with Washington under President Trump have been choreographed with direct military involvement, including in the clusters that now include oil, crypto, and rare minerals discussions. Now in that context, the process around the crypto
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deal, high level meetings, overlapping outreach on trade and security, and the military's role in d-risking investment makes the army a practical stakeholder in any large-scale projects. The Financial Times likewise situates Pakistan's crypto overtures inside a
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broader pitch to the Trump administration in which Field Marshall Monil and the new crypto minister are the twin faces of this effort. Why does Pakistan want this?
Economically, Islamabad is searching for dollar inflows, cheaper transaction rails and
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asset monetization paths after years of balance of payment stress. Politically, alignment with Trump era Washington opens trade doors and buys time on tariffs.
The Bitcoin reserve narrative and a national wallet are meant to
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telegraph seriousness to global crypto capital. While the letter of intent with the WLF ties that message into US political networks that matter currently in 2025.
So what's the China connect here? Now
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while the optics raise conflict of interest questions even if no rules are broken, experts say that fasttrack crypto rails could be misused for terror finance or sanctions evasion if controls are weak and some point specifically to Pakistan's history with opaque funding
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channels. Now, this new crypto diplomacy deal has raised concerns over links to Binance and Chinese involvement.
Binance is a crypto trading platform whose founder Changpang Xiao aka CZ is one of
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the focal points of this crypto deal who serves as a strategic adviser to Pakistan Crypto Council. Despite claims of leaving China, Binance continues to hold links with commercial entities in China overseen by the Chinese Communist Party.
Now before the crypto deal, Xiao
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was sentenced to 4 months in prison for allowing moneyaundering towards terrorism, namely enabling funds transferred to terror groups, including the Hamas, Al-Qaeda, and ISIS. In November 2023, the United States hit Binance with a $4.3 billion penalty, the
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largest ever, after revelations that it funneled funds to Hamas, al-Qaeda, and ISIS and allowed a $1.1 million Iranian transactions violating US sanctions. Binance has been subject to charges and investigations in several countries for
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terror funding and moneyaundering, including in France, India, and Canada. So what are the regional and perhaps uh global political implications for Bharat?
The broader Trump Pakistan thaw and Chinese involvement in the crypto deal shifts leverage in the India China
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Pakistan triangle and complicates New Delhi's own strategic calculus. For US politics, the Pakistan outreach coincides with a right-leaning US crypto block, aligning with Trump's agenda, even as bipartisan lawmakers probe governance questions around the WLF's
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foreign engagements. For China, it's another avenue to use Pakistan as a strategic asset in the geopolitical equations.
Bottom line, what's colloially called Trump's crypto deal is nested inside a much larger military-led
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economic charm offensive by Islamabad towards Washington with a near invisible Chinese hand. Something that Bharat needs to watch out for.