FARID PK

The biggest question I ask before investing in any crypto project is surprisingly simple.
If the founder disappeared tomorrow, would the project still have a future?
That question keeps bringing me back to the crypto ecosystem associated with Donald Trump, including WLFI (World Liberty Financial), $TRUMP , and other Trump-branded initiatives.
This is my personal opinion based on publicly available information, not financial advice.
The problem isn't politics. It's concentration.
Many successful crypto networks eventually become larger than their founders.
Bitcoin does not depend on one politician.
Ethereum continues to evolve regardless of what Vitalik Buterin says on any particular day.
The strongest decentralized ecosystems survive because the community, developers, validators, and users collectively keep them alive.
Trump-linked projects appear different.
A large part of their visibility, marketing, and public attention is directly connected to Donald Trump's personal brand.
That creates what investors call key-person risk.
What happens when the spotlight moves?
Political influence is temporary.
Every elected leader eventually leaves office.
When that happens, an obvious question follows.
Will these projects continue attracting developers, partnerships, users, and capital on their own?
Or will interest fade once the public narrative changes?
If most demand exists because of one personality instead of genuine network utility, long-term sustainability becomes much harder.
A token is not a business model
Celebrity attention can launch a token.
It cannot guarantee long-term value.
History has shown that crypto projects driven primarily by hype often struggle once public excitement fades.
Successful networks usually continue building infrastructure, attracting developers, and solving real problems long after the headlines disappear.
That is the standard every project should eventually meet.
Governance matters more than branding
A healthy crypto ecosystem should gradually become more decentralized over time.
Investors should ask questions like:
Who controls major decisions?
Is development active without relying on one public figure?
Does the ecosystem create value beyond media attention?
Would institutions still participate if the celebrity connection disappeared?
These questions matter far more than campaign speeches or social media trends.
My conclusion
Personally, I remain cautious about crypto projects whose identity is heavily tied to a single political figure.
That does not automatically mean they will fail.
But it does increase long-term uncertainty.
For me, sustainable crypto investing is about durable technology, active communities, transparent governance, and real-world utility.
Political popularity can attract attention.
Only lasting utility can keep a network alive.
What is your opinion? @Nadyisom @AZHAR PK RAI KHRAL
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Merely Conducting P2P Transactions or Receiving Money in a Bank Account Does Not Make a Person a Criminal
Case Details
Court: Lahore High Court
Case No.: Criminal Misc. No. 1974-B of 2026
Judge: Mr. Justice Tariq Saleem Sheikh
Nature of Case: Pre-Arrest Bail
Outcome: Petition Allowed, Interim Bail Confirmed
Background of the Case
The complainant alleged that he was defrauded during cryptocurrency (USDT) P2P trading through an online platform, his accounts were frozen, and funds were transferred into the bank accounts of different individuals. The FIR alleged that the petitioners were part of the fraud because money had been received in their bank accounts.
The petitioners contended that they were merely P2P Merchants who received Pakistani Rupees and, in return, transferred USDT. They had no connection with any fraud, cheating, forged documents, forged electronic records, or the freezing of the complainant’s accounts.
Key Observations of the Court
The Court held that the mere receipt of money in a person’s bank account is not proof that the person participated in fraud.
The Court made it clear that the prosecution failed to establish that the petitioners:
deceived anyone;
created any forged document or forged electronic record;
altered computer data; or
participated in any conspiracy to cause loss to the complainant.
The Court further observed that the investigating agency must establish the role of each accused separately because criminal liability is always individual criminal liability.
What Did the Court Say About the PPC?
The Court held that:
Section 468 PPC (Forgery for the Purpose of Cheating)
Section 471 PPC (Using a Forged Document as Genuine)
will apply only where there is a forged document or a forged electronic record.
In the present case, no such evidence existed. Therefore, these provisions did not prima facie apply to the petitioners.
What Did the Court Say About PECA?
The Court explained Sections 13 and 14 of PECA in detail and held:
Section 13 PECA
Applies only where a person alters electronic data to create false or unauthentic data so that it may be treated as genuine.
Section 14 PECA
Applies where a person dishonestly uses an electronic system to commit deception or obtain an unlawful benefit.
The Court held that:
Merely transferring USDT, conducting online trading, or engaging in P2P transactions does not automatically attract these provisions.
What Did the Court Say About FERA?
The prosecution argued that USDT is equivalent to foreign currency and therefore FERA applies.
The Court rejected this argument and held that:
Merely because the value of USDT is linked to the US Dollar does not make it Foreign Currency or Foreign Exchange.
Unless it is established that a prohibited Foreign Exchange Transaction has taken place under the law, the provisions of FERA will not apply.
Why Did the Court Refer to the Indian Supreme Court Judgment?
The Court referred to Internet and Mobile Association of India v. Reserve Bank of India (2020) and observed that virtual currency cannot be called Currency merely because it is used as a means of payment.
If the law does not recognize it as Currency, the Court cannot declare it to be Currency on its own.
What Did the Court Say About Physical Remand?
The Court held that:
the petitioners had already joined the investigation;
all bank records, electronic records, and documents were already available to the investigating agency or could be obtained; and
the petitioners had not misused the interim bail.
Therefore, the need for Custodial Interrogation was not established.
Golden Principles Laid Down by the Court
Mere receipt of money in a bank account does not prove a crime.
Mere P2P or USDT transactions are not a crime.
Criminal liability is always individual.
The role of each accused must be established separately.
Clear evidence of electronic fraud or forged electronic data is necessary for applying PECA provisions.
Sections 468 and 471 PPC apply only where there is a forged document or a forged electronic record.
USDT cannot automatically be treated as Foreign Currency or Foreign Exchange.
Arrest or prosecution cannot proceed merely on suspicion or assumptions.
If an accused cooperates with the investigation and custodial interrogation is unnecessary, pre-arrest bail may be granted.
At the bail stage, the Court only examines whether a prima facie offence is made out. The final decision will be made by the Trial Court on the basis of evidence.
Final Decision
The Lahore High Court held that, based on the available record, the relevant provisions of PPC, PECA, and FERA were not prima facie established against the petitioners. The petitioners had joined the investigation and had not misused the interim bail. Accordingly, the Court confirmed the pre-arrest bail and directed each petitioner to furnish a surety bond of Rs. 1 million along with one surety in the like amount.
This judgment is an important precedent regarding cryptocurrency, USDT/P2P trading, PECA, FERA, and pre-arrest bail because the Court clarified that a person cannot be treated as a criminal merely on the basis of bank transactions or cryptocurrency transactions. Rather, prima facie evidence of every legal ingredient of the alleged offence must exist.
Not According to the Pakistan Dawn News 📰
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