WLFI Team Meeting, Ally Meeting, Seaside Villa Cryptocurrency Business Kickoff
Original Title: "WLFI Sets Up a Group, Allies Keep Their Appointment, Doing Crypto Business at Mar-a-Lago"
Original Author: Nancy, PANews
Not long ago, the road to Mar-a-Lago was officially renamed the "Donald J. Trump Avenue." This road, stretching from the Palm Beach International Airport, with a huge golden sign, has not only become a new local visual landmark but also a tangible manifestation of Trump's personal influence.

In Palm Beach, Florida, Mar-a-Lago is no longer just Trump's private club. It is both a power hub for American political and business elites and a cash cow for the Trump family with an annual income of tens of millions of dollars.
And this road, named "Trump Avenue," has long been crowded with crypto visitors.
WLFI Group Sets Up, Traditional Elites Sit at the Crypto Main Table
At the end of January, WLFI announced that the first World Liberty Forum would be held at Mar-a-Lago on February 18 (the second day of the Lunar New Year), with the forum limited to about 300 people.
This is not an open crypto conference but a selective closed-door elite gathering. Whether one can enter will depend on the participant's "weight." Invitees are divided into participants, speakers, and media. All applicants must submit their industry, position, contact information, and X (formerly Twitter) account, which will be uniformly reviewed by the organizer, and the spots are non-transferable.
From the announced speaker lineup, most are from Wall Street and key circles of American politics.

At the financial institution level, confirmed attendees include Goldman Sachs Chairman and CEO David Solomon, Nasdaq Chairman and CEO Adena Friedman, NYSE President Lynn Martin, covering key nodes in the financial system;
· In asset management and private equity, including Franklin Templeton CEO Jenny Johnson, Third Point founder Daniel Loeb, Altimeter Capital founder Brad Gerstner, and Avenue Capital co-founder Marc Lasry, are long-standing active traditional capital forces;
· On the regulatory and policy front, current CFTC Chairman Michael Selig, U.S. Senator Bernie Moreno, Ashley Moody, as well as White House Deputy Assistant Secretary of Economic Affairs Jacob Helberg are also on the official guest list;
· Other notable figures such as FIFA President Gianni Infantino, Turing Award winner Yoshua Bengio, and Canton Network co-founder Yuval Rooz, among interdisciplinary individuals, have also been included in the invitation list.
As the initiator, Donald Trump's two sons, Eric Trump, Donald Trump Jr., and several key members of WLFI will be actively involved throughout.
Compared to previous crypto events held at Mar-a-Lago, focusing on project teams, industry practitioners, and whales, this time, traditional elites have taken a seat at the crypto table.
This shift may be significantly related to WLFI's continuous strategic adjustments in recent months.
From WLFI's advancement of a national trust bank charter and other compliance actions to the launch plan of the lending platform World Liberty Markets, and the preparation of the "Digital Dollar Gateway" WLFI App, to the ongoing demonstration of stablecoin USD1's real-world use case and market scale, WLFI is attempting to play a serious role in DeFi to strengthen its infrastructure potential in the trend of TradFi and crypto integration.
It is worth noting that WLFI has recently opened a special channel to WLFI contributors. Applicants are required to submit their holdings and contributions in WLFI or stablecoin USD1 for official eligibility review and screening.
Differing from the past model of simply exchanging real assets for entry qualifications, this time leans towards a "Contribution + Audit" hybrid system. To some extent, this provides a channel for community members to join the Trump family meeting. Currently, more than X users have voluntarily shared their contribution posts, attempting to secure entry qualifications.
Exploring, Partnering, and Fundraising - The Trump Family's Cryptocurrency Hub
Prior to this, the approximately 80,000-square-meter "Winter White House" had already become the Trump family's secret meeting room with crypto leaders.
As early as 2023, Trump invited holders of his released NFTs to meet with him. This seemingly fan-oriented gathering has been seen by many observers as a turning point, marking Trump's first public discussion and promotion of crypto investments aimed directly at a specific group of supporters.
In May 2024, Trump hosted a crypto-themed event at Mar-a-Lago, where some supporters from the crypto industry pledged to support his re-election campaign. Subsequently, his campaign team started officially accepting cryptocurrency donations, turning crypto from a symbolic political gesture into a practical fundraising tool.
A month later, Trump welcomed executives from several Bitcoin mining companies at Mar-a-Lago and publicly stated that, if he returned to the White House, he would provide policy support for the mining community. Bloomberg noted at the time that Bitcoin miners were a key support base for the Trump campaign.
Months later, on election night, crypto leaders such as Cantor Fitzgerald CEO Howard Lutnick, Bitcoin Magazine CEO David Bailey, and Kraken Chief Legal Officer Marco Santori gathered at Mar-a-Lago to celebrate Trump's victory, marking the true beginning of a crypto-friendly era.
In January 2025, executives from top crypto companies like Crypto.com, Ripple, and Coinbase visited Mar-a-Lago to exchange views with the Trump team on policy direction and regulatory frameworks, and also made substantial donations to his political organization.
In May 2025, Trump hosted a private dinner at Mar-a-Lago for the top 220 holders of the meme coin $TRUMP. Attendees included Tron founder Justin Sun, former NBA player Lamar Odom, and others, raising approximately $148 million in funding.
From early supporter gatherings to campaign funding, policy statements, and regulatory discussions, Mar-a-Lago witnessed the entire process of the crypto industry's evolution from grassroots to mainstream.
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Before using Musk's "Western WeChat" X Chat, you need to understand these three questions
The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.
There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."
No. The difference lies in where the keys are stored.
In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.
X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.
This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.
The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.
The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.
After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."
From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.
In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.
As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."
Not continuous monitoring, but a clear access point.
For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.
This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.
There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."
X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.
In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.
WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.
X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.
These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.
This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.
X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.
Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.
The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.
X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.
The help page sentence has never been just technical instructions.

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