this post was submitted on 11 Apr 2026
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In January, Zach Witkoff sat down at a table in Islamabad and signed a deal with Pakistan’s finance minister. Witkoff is the young CEO of Donald Trump’s crypto finance firm, World Liberty Financial, and the arrangement he struck that day would allow WLF’s stablecoin to be used for Pakistan’s cross-border transactions.

It was a hugely consequential moment for World Liberty. Despite Trump’s association and the involvement of his sons, this firm hasn’t exactly lit the blockchain world on fire. The value of the company’s token has plummetted from 31 cents to just 8 cents in recent months. World Liberty could use a deal like this—a government vouching for and endorsing the use of its coin. And the deal was being consummated, standing behind Witkoff was General Asim Munir, the top officer in Pakistan’s army.

Munir has been a frequent visitor to the Trump White House and is a chief architect of Pakistani efforts to mediate an end to the Iran war. That means he’s working with Witkoff’s father, Steve Witkoff, the billionaire New York City real estate developer who Donald Trump appointed to be his Mideast envoy. The elder Witkoff will join Vice President JD Vance and presidential son-in-law Jared Kushner at the negotiating table on Saturday, facing off with Iran’s negotiators in talks being brokered by Pakistan.

The Witkoff connection is not a coincidence. It’s another example of how the Trump crew is mixing business—their personal financial business—with US foreign policy.

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