BitcoinSistemi 2025-03-18 08:12:08

Donald Trump-Backed Crypto Project World Liberty Financial (WLFI) Sold Millions of Dollars Worth of Tokens! Here Are the Details

World Liberty Financial (WLFI), a crypto project backed by President Donald Trump, announced that it has raised $250 million in its second token sale, bringing the total amount of tokens sold to $550 million. Trump-Backed World Liberty Financial Raises $550 Million in Token Sale Launched in October 2024, just weeks before Trump’s election victory, WLFI describes itself as a crypto banking platform that aims to “supercharge DeFi.” The Trump family will receive up to 75% of the venture’s net proceeds, according to an early filing. The company said in a statement that the latest token sale was attended by over 85,000 verified investors who completed know-your-customer (KYC) verification to access the offering. Key Investors and Regulatory Developments Tron founder Justin Sun increased his stake in WLFI to $75 million in January. A court filing in February revealed that Sun and the SEC were discussing a settlement of a civil fraud lawsuit the regulator had filed against it. The Trump administration has been pushing a crypto-friendly agenda, including an executive order signed this month to establish the Strategic Bitcoin Reserve. Trump’s head of artificial intelligence and crypto, David Sacks, reportedly sold over $200 million worth of digital assets before taking office to avoid conflicts of interest. The Rise of Trump Family Crypto Ventures WLFI is among several crypto-related ventures tied to the Trump family. In February, the SEC declared meme tokens not securities after they were launched by Donald and Melania Trump just ahead of their 2025 inauguration. With increasing corporate interest and regulatory changes, Trump-affiliated crypto projects are gaining the attention of both investors and policymakers. *This is not investment advice. Continue Reading: Donald Trump-Backed Crypto Project World Liberty Financial (WLFI) Sold Millions of Dollars Worth of Tokens! Here Are the Details