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World Liberty Financial

DWF Labs Invests $25M in Trump-Backed WLFI, Fuels USD1 Stablecoin Growth

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  • DWF Labs invests $25M in WLFI for USD1 stablecoin governance.
  • New York office marks DWF Labs’ deeper engagement with the U.S. market.
  • DWF Labs to provide liquidity for USD1 stablecoin across platforms.

DWF Labs, a Web3 investment firm , has invested $25 million into World Liberty Financial (WLFI). The investment is part of DWF’s expansion in the U.S. market after it established a new office in New York City. The firm aims to strengthen its position in U.S. markets through direct interactions with financial institutions and regulators, as well as colleges, to promote cryptocurrency education.

DWF Labs Investment

DWF Labs has made this investment as part of its plan to support decentralized finance (DeFi) projects. WLFI , which is sponsored by U.S. President Donald Trump and his family, recently launched its USD1 stablecoin. The USD1 stablecoin is backed by short-term U.S. Treasury bills as well as various U.S. dollar-equivalent assets.

This collaboration allows DWF Labs to obtain governance rights in WLFI through the purchase of its tokens. The stake provides DWF governance power to influence the development of the protocol and its success. Moreover, DWF will use its extensive trading infrastructure to provide liquidity for the USD1 stablecoin across centralized and decentralized platforms.

World Liberty Financial USD1 stablecoin

WLFI launched the USD1 stablecoin on March 24, 2025, which targets institutional investment markets. The coin will meet the increased demand for a stable dollar-backed asset from major institutions and sovereign investors. DWF Labs plans to facilitate USD1 stablecoin integration and increase liquidity in its ecosystem.

WLFI has attracted over $600 million in funds since its launch in September 2024, and DWF’s investment stands as one of the largest contributions. Moreover, the firm received investments from Tron Founder Justin Sun and investment platform Web3Port. WLFI obtained $300 million from its first token sale, and a subsequent sale raised $250 million.

DWF Labs’ Market Expansion

The U.S. market entry marks a strategic move for DWF Labs to strengthen its relationship with regulatory authorities and bolster its position in the financial landscape. The DWF’s New York office seeks to develop institutional partnerships with banks, asset managers, and fintech firms. Moreover, it will provide a hub for cryptocurrency education and innovation.

DWF Labs’ investment positions it as a major player in the DeFi and stablecoin sectors. The WLFI partnership offers the firm governance rights as well as supports its efforts in the future of cryptocurrency. This cooperation aims to speed up development and institutional adoption of USD1 in the U.S. markets.

Trump Family Takes Control of $550 Million World Liberty Financial, Crypto Venture

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  • Trump family controls 75% of token sale revenue, $400 million in fees.
  • World Liberty’s governance favors insiders, limiting public participation.
  • Ethical concerns arise over potential conflicts of interest in crypto venture.

The Trump family has completed a takeover of World Liberty Financial, a crypto venture that has raised more than $550 million. The family claims substantial ownership of World Liberty Financial project profits, which has raised questions about the company’s governance structure. Experts warn that this development could indicate a move toward centralized governance in decentralized finance (DeFi).

Trump Family Takes Over World Liberty Financial

World Liberty Financial, which launched in late 2024, seeks to deliver financial services without the need for middlemen. However, the platform has become public and functions with a small team of staff. The project accumulated $550 million mainly from the sale of $WLFI governance tokens by mid-March 2025.

These tokens provide the right to vote on the platform’s future but can not be traded. However, the project’s terms restrict the influence of token holders despite their rights to vote. World Liberty relies on an internal governance model that favours members of the Trump family, raising concerns about decentralization.

In January 2025, the Trump family purchased the venture and replaced co-founders Zak Folkman and Chase Herro. The Trump family controls 60% of the parent entity, WLF Holdco LLC. The Trump family receives a total of 75% of net revenue from all token sales and 60% of its operational profits.

This grants the Trump family control over approximately $400 million of the $550 million raised by the venture. A small share of the collected funds will be invested into the development of the platform. The terms of World Liberty’s governance structure limit participation from public investors or token holders.

World Liberty Sparks Ethical and DeFi Governance Concerns 

World Liberty’s governance structure differs from other major DeFi platforms. Other DeFi platforms allocate their governance tokens to users and venture capitalists to increase user participation. However, World Liberty limits token holder influence on crucial decisions such as modifications to agreements with the Trump family.

The Trump family’s involvement in the venture has sparked multiple ethical issues. The family’s huge control over the project creates potential conflicts of interest. Critics argue the president’s status in the industry could make World Liberty an avenue to exchange political influence or foreign monetary donations.

The project’s investors include high-net-worth individuals who purchase tokens at a minimum of $1 million. The investors include Justin Sun, a well-known crypto entrepreneur, who holds a major stake in the project. Sun has substantially increased his investment in World Liberty since his first stake, which attracts scrutiny over his past legal issues.

Although World Liberty Financial has raised hundreds of millions of dollars, it has not proven operational success. The platform continues to explore the development of a decentralized lending market and a stablecoin linked to the U.S Treasuries. However, internal reviews and audits have sparked doubts about the platform’s readiness to launch.

Sui Partners with Trump-Affiliated World Liberty Financial for Strategic Reserve Deal

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  • Sui partners with WLFI, adding assets to its reserve and boosting DeFi potential.
  • WLFI’s strategic reserve grows with Sui, helping expand its decentralized finance reach.
  • Sui’s rapid growth, surpassing $70B in DeFi volume, attracts major crypto partnerships.

The layer-1 blockchain project’s native token SUI experienced a notable surge after forming a strategic partnership with World Liberty Financial (WLFI) a decentralized finance (DeFi) protocol affiliated with Donald Trump. The partnership requires WLFI to integrate Sui assets into its ‘Strategic Reserve’ program and investigate product development options in Sui’s ecosystem.

WLFI Expands Portfolio with Sui Assets

World Liberty Financial has been actively expanding its digital asset portfolio by investing in wrapped Bitcoin (BTC), Ethereum (ETH) and Chainlink (LINK). The recent collaboration led WLFI to announce the addition of Sui assets to its Strategic Reserve, which expanded its overall holdings. The Sui blockchain attracts increased interest because users recognize its unique combination of innovation and scalability features.

WLFI decided to reserve Sui as part of its effort to integrate essential decentralized financial assets into its network. Zak Folkman from WLFI cited “American-born innovation” alongside large-scale use as the main elements behind his organization’s decision to collaborate with Sui. Collaborating between platforms will improve development features and expand blockchain application capacities.

Product Development and Future Collaboration Opportunities

The collaboration teams from Sui and World Liberty Financial maintained positive expectations for their collaboration. These organizations seek to find blockchain technology opportunities through decentralization initiatives with financial assets at the core of their exploration. The partnership aims to implement Sui’s technology into new DeFi solutions, although the development goals remain undetermined.

Sui blockchain stands out for its rapid growth, achieving $70 billion in decentralized exchange volume and over 67 million user accounts. This significant growth has positioned Sui perfectly for a partnership with WLFI which builds its digital currency portfolio by acquiring Ethereum, among other cryptocurrencies. As part of its strategy, WLFI recently transferred $25 million in USDC into a newly created multi-signature wallet, demonstrating WLFI’s dedication to expanding its financial assets.

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Source; CMC

Following the announcement of its partnership SUI established a new market value that increased by 13% within 24 hours and reached $3. The coin’s price fluctuated because of external market conditions, specifically global trade conflicts. The partnership with World Liberty Financial improved sentiment toward SUI, thus attracting more investors and traders to the market.

Hackers Exploit World Liberty Financial Co-founder’s X Account to Push Fake Barron Trump Crypto

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  • World Liberty Financial co-founder Zach Witkoff’s X account was hacked to promote $BARRON, a fake Barron memecoin.
  • Ivanka Trump was also the subject of a fake memecoin project in late January. 

Zach Witkoff, the co-founder of World Liberty Financial, X account was hacked on Wednesday. The hacker used this as an opportunity to promote a fraudulent  memecoin, $BARRON. The scam project saw a rapid increase in market value before collapsing within a matter of seconds.

X Account of World Liberty Financial’s Co-Founder Compromised

World Liberty Financial is a decentralized finance protocol founded in 2024, headed by Zach Witkoff, a co-founder of the company. 

The company listed Donald Trump as the chief crypto advocate, Barron Trump as the project’s DeFi visionary, while Eric Trump and Donald Trump Jr, are Web3 ambassadors. World Liberty Financial launched its own token called WLFI in October 2024.  On Wednesday, it was confirmed that the co-founder’s account was compromised.

The X account was used to promote a solana based memecoin $BARRON, which is  falsely linked to President Donald Trump’s youngest son, Barron Trump. The hacker claimed that Trump would soon confirm the token’s legitimacy.

The World Liberty Financial also assured that they are fixing the issue quickly and warned users not to get involved with the fake Barron Trump project.

Within minutes of the post, the coin hit a market value of $73 million but dropped by 99% just immediately. Which showed it was just a rug pull, where the creators of the coin make money off other people’s buy. 

Similar Trump Related Memecoin Scams released 

In January, a similar scam emerged involving a memecoin named after Ivanka Trump. The President’s daughter publicly clarified the rumours and distanced herself from the project while cautioning investors about fraudulent schemes exploiting her image and how it has defrauded people of their hard earned money.

 Since Donald Trump and his wife Melania introduced his cryptocurrency, especially the memecoin released on Solana earlier in month, memecoins tied to the Trump family gained attention as investors are looking for the best possible way to land the next “trump” jackpot.  

Related Reading | Ripple Custody Empowers Fintechs: 96% of Institutions Demand Crypto Now

World Liberty Financial Shifts $307M Crypto—Strategic Move or Sell-Off?

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  • World Liberty Financial movеd $307.41 million аcross еight cryptocurrеnciеs to Coinbase Primе.
  • Thе trаnsfеr includеd 73,783 ETH ($212.6 million) аnd 552.92 WBTC ($52.7 million).
  • Thе projеct clаrifiеd thеrе wеrе no sаlеs, only rеаllocаtion of аssеts for businеss opеrаtions.

World Liberty Financial, thе DеFi projеct linkеd to U.S. Prеsidеnt Donаld Trump, hаs stirrеd thе crypto wаtеrs with а hеfty trаnsfеr of digitаl аssеts to Coinbase Primе. On-chаin dаtа from Spotonchain rеvеаls thе projеct shiftеd аround $307.41 million аcross еight cryptocurrеnciеs, cаlling it а “trеаsury mаnаgеmеnt аnd businеss opеrаtions” movе.

This significаnt trаnsfеr аccountеd for morе thаn 90% of World Liberty Financial’s multi-аssеt trеаsury. Among thе аssеts movеd wеrе 73,783 ETH vаluеd аt $212.6 million аnd 552.92 WBTC worth $52.7 million. Thе list аlso includеs 16,585 AAVE ($4.59 million), 219,419 LINK ($4.75 million), 4.94 million ENA ($3.36 million), 2.05 million MOVE ($1.37 million), 114,754 ONDO ($160,000), аnd а 27.86 million USDC.

Spotonchain
Source: Spotonchain

Intеrеstingly, TRX rеmаinеd untouchеd. This аssеt holds spеciаl significаncе аs it wаs аcquirеd аftеr а hеfty invеstmеnt from Tron foundеr Justin Sun. His initiаl $30 million invеstmеnt grеw to $75 million, sеcuring him аn аdvisory rolе within thе projеct.

Crypto Reallocation, Not a Sell-Off

Bеforе thеsе substаntiаl trаnsfеrs, World Liberty Financial аddrеssеd thе crypto community viа X, clаrifying thаt thеrе wеrе no plаns to sеll off its digitаl holdings. Thе projеct stаtеd, “Wе’rе mаking routinе movеmеnts of our crypto holdings аs pаrt of rеgulаr trеаsury mаnаgеmеnt, аnd pаymеnt of fееs аnd еxpеnsеs аnd to аddrеss working cаpitаl rеquirеmеnts. To bе clеаr, wе аrе not sеlling tokеns—wе аrе simply rеаllocаting аssеts for ordinаry businеss purposеs.”

Howеvеr, thе story took аnothеr turn post-trаnsfеr. Thе projеct convеrtеd 19,423 stETH into ETH аnd utilizеd 5 million USDC to purchаsе 1,826 ETH аt $2,738 pеr tokеn. This rаpid rеshuffling hints аt а strаtеgic mаrkеt rеpositioning, possibly аiming to cаpitаlizе on shifting pricе trеnds.

Dеspitе offloаding а vаst chunk of аssеts, World Liberty Financial rеtаins аpproximаtеly $92.79 million in digitаl currеnciеs, dispеrsеd аcross ninе wаllеts. This indicаtеs аn ongoing commitmеnt to mаintаining а strong prеsеncе in thе crypto еcosystеm.

spotonchain
Source: Spotinchain

Eric Trump’s Ethereum Endorsement

Adding аnothеr lаyеr of intriguе, Prеsidеnt Donаld Trump’s nеwly proposеd Sovеrеign Wеаlth Fund hаs fuеlеd rumors аbout incorporаting Ethereum аnd Bitcoin into its portfolio. This dеvеlopmеnt, couplеd with World Liberty Financial’s crypto аctivitiеs, hаs spаrkеd widеsprеаd spеculаtion аbout thе аdministrаtion’s dееpеr involvеmеnt with digitаl аssеts.

Ethereum’s mаrkеt bеhаvior mirrorеd thе volаtility surrounding thеsе еvеnts. Initiаlly prеssurеd by еconomic jittеrs linkеd to Trump’s trаdе tаriffs, ETH еxpеriеncеd а shаrp dеclinе. Howеvеr, thе tidеs turnеd swiftly аs it rеboundеd, soаring pаst thе $2,800 mаrk. This pricе lеvеl is now considеrеd а criticаl support zonе, signаling potеntiаl stаbility аmid rеcеnt fluctuаtions.

Notably, prominent investors, including crypto whales like 7 Siblings, have been accumulating ETH, reflecting renewed market confidence. Eric Trump аlso wеighеd in, shаring his bullish sеntimеnt on X: “In my opinion, it’s а grеаt timе to аdd $ETH.”

Related Readings | Trump’s Crypto Initiative World Liberty Financial Suffers Major Losses Amid Ethereum Decline

Trump-Backed Crypto Project Buys $10M in Ethereum Amid Market Dip

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  • World Liberty Financial added $10 million worth of Ethereum to its holdings during a market dip.
  • The Trump family-backed crypto project now holds 59,265 ETH worth approximately $185 million.
  • The platform purchased 3,247 ETH through Cow Protocol, as reported by market tracker Arkham.

The Trump family-backed crypto project, World Liberty Financial, has added $10 million worth of Ethereum (ETH) to its holdings. This acquisition increases its total ETH stash to 59,265 tokens, valued at approximately $185 million. The move comes amidst a market sell-off that saw Ethereum’s price drop near $3,000, offering a strategic buying opportunity.

World Liberty Financial Adds More ETH

World Liberty Financial acquired 3,247 ETH through the Cow Protocol platform, according to data from market tracker Arkham. This purchase follows the project’s earlier acquisition of $47 million worth of ETH on Inauguration Day, further solidifying its position in the crypto space. The recent transactions highlight the project’s aggressive expansion, as it seizes market dips to build its portfolio.

The platform’s ETH holdings now form a significant chunk of its overall cryptocurrency investments, showcasing a calculated strategy to leverage Ethereum’s potential. While crypto markets faced pressure from global economic concerns, the Trump family project opted to act decisively. By capitalizing on lower prices, World Liberty Financial reinforced its commitment to long-term crypto investment.

Ethereum Purchase Amid Market Turmoil

The timing of this acquisition coincided with a broader market decline that impacted major cryptocurrencies, including Bitcoin and Ethereum. Bitcoin saw a sharp dip, falling below $100,000 and reaching lows near $97,900, while Ethereum tumbled alongside it. This sell-off followed China’s unveiling of its AI app, DeepSeek, which triggered investor uncertainty and significant liquidations across crypto markets.

Despite the turbulence, World Liberty Financial leveraged the market downturn to bolster its position. Such strategic moves underline the platform’s confidence in the long-term value of digital assets. By acquiring ETH at reduced prices, the project has strengthened its portfolio, even as other investors shied away.

Growing Crypto Holdings

World Liberty Financial’s crypto portfolio now exceeds $381 million in value, showcasing a diverse range of assets. In addition to its $185 million in ETH, the platform holds $65 million in Wrapped Bitcoin (WBTC) and $60 million in Lido Staked ETH (STETH). Other assets include $33 million in USDC stablecoin and additional holdings in tokens such as LINK, AAVE, and ENA.

The project’s expansion mirrors the actions of other major crypto investors, such as MicroStrategy, which recently added $1 billion in Bitcoin. World Liberty Financial’s strategic purchases underline its aggressive growth in the crypto space. This approach signals its long-term confidence in cryptocurrency investments, regardless of short-term volatility.

Trump’s Crypto Project Just Made Game-Changing Ethereum Deal

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  • Trump-backed DeFi initiative, WLF, joined hands with Ethereum-powered DeFi firm Ethena Labs to onboard sUSDe, a yield-bearing token.
  • WLF acquired $750 ENA tokens, expanding its crypto foothold deep into the space.
  • The DeFi platform gained traction since the former president returned to the White House in November.

Donald Trump’s backed World Liberty Financial (WLF), has partnered with Ethereum-based DeFi platform Ethena Labs. The move is aimed at exploring sUSDe integration into WLFI’s lending platform, bringing new opportunities for DeFi users worldwide.

The governance proposal includes adding sUSDe as a core collateral asset for WLFI’s upcoming Aave instance. If approved, WLFI users will receive sUSDe rewards and WLF token incentives. The two firms said on Wednesday that they are looking at “long-term collaboration,” which will kick off with an implementation of Ethena’s yield-bearing token, sUSDe.

“As a first step in the collaboration, Ethena and WLFI will explore the potential implementation of sUSDe as the first new token available as collateral on the WLFI protocol, backed by Aave” according to a statement. “Introducing sUSDe into WLFI’s forthcoming Aave instance … would enable the instance to benefit from the large TVL and user base of Ethena.”

World Liberty Financial’s governance will take a decision on the proposal this week.

Trump’s Firm Makes Bold Crypto Moves with $250K $ENA Buy

Donald Trump’s World Liberty Financial has bought 231,726 $ENA tokens for $250K $USDC following a partnership with @ethena_labs. Since November 30, the fledgling crypto initiative has spent $45M acquiring six crypto assets, including: 8,105 $ETH ($30M)102.9 $cbBTC,103.15 $WBTC ($10M) 78,387 $LINK ($2M) 6,137 $AAVE ($2M) 741,681 $ENA ($750K) 134,216 $ONDO ($250K).

Trump
Trump's Crypto Project Just Made Game-Changing Ethereum Deal 5

The strategic investments already reflect gains across assets, signaling confidence in crypto’s long-term potential. The DeFi platform appears to be gaining traction steam since the former president was elected to return to the White House in November. At the end of last month, World Liberty Financial appointed Tron founder Justin Sun as an advisor. That move followed HTX, the crypto exchange linked to Sun, investing $30 million in World Liberty.

Donald Trump Company Goes Big on Crypto

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  • Donald Trump’s administration is considering a plan to eliminate capital gains taxes on cryptocurrencies issued by U.S. companies.
  • New legislation may require crypto companies to register as U.S. entities before issuing assets.
  • The Donald Trump administration aims to establish the US as the global leader in cryptocurrency innovation through tax incentives and regulatory reforms.

Donald Trump’s company, World Liberty Financial, has made a notable crypto investment, according to blockchain data. The firm reportedly swapped $5 million worth of USD Coin (USDC) for Ethereum (ETH), taking its total ETH holdings to an impressive $55 million.

Beyond Ethereum, World Liberty Financial also added $1 million worth of Chainlink (LINK) and Aave (AAVE) tokens to its portfolio. These high-profile acquisitions by the Trump-backed crypto project underscore its increasing focus on the deeper crypto economy, including decentralized finance.

The wallet breakdown reveals Ethereum forms the majority of the portfolio, with 76.61% of its total value now in ETH. This could indicate that the team might prefer ETH as a better reserve asset than the U.S. dollar. Other notable inclusions like Chainlink and Aave signal strategic diversification into established DeFi platforms.

Donald Trump
Donald Trump Company Goes Big on Crypto 7

Recently, AAVE has erupted as a standout token after its market value surged over $300 for the first time in over 3 years.

Analysts speculate this bold move could reflect Donald Trump’s increasing interest in leveraging the booming crypto sector. With Ethereum’s recent price rally and the continued expansion of the DeFi space, the portfolio adjustments suggest a calculated bet on the future of digital assets.

Overall, this investment aligns with the broader trend of institutional players and high-net-worth individuals turning to cryptocurrencies as both a hedge against economic uncertainty and a means of exploring innovative financial systems.

Donald Trump’s Crypto Tax Haven: A Boon for US Investors

This buying spree coincides with the Trump team’s decision to eliminate all capital gains taxes on cryptocurrencies issued by U.S. companies. The initiative, confirmed by Eric Trump, seeks to solidify American dominance by making crypto tax-free for US citizens.

The legislation sought to require cryptocurrency companies to register as entities in the United States prior to issuing their assets. However, companies currently holding crypto assets will reportedly be given an opportunity to relocate their operations to the US.

Sources highlight that the initiative is part of a broader strategy of the Trump administration to establish the United States as the global leader in cryptocurrency innovation. By incentivizing the creation and trading of “Made in America” digital currencies, the administration aims to position the U.S. as the crypto capital of the world.

Tron Founder Invests $30 Million in Trump’s Crypto Venture

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  • Justin Sun, Tron founder, invеsts $30 million in Trump’s crypto projеct, World Libеrty Finаnciаl.
  • Sun’s invеstmеnt propеls WLFI tokеn sаlеs, еxcееding thе $30 million rеvеnuе thrеshold.
  • World Libеrty Finаnciаl аims to rаisе $300M, dеspitе еаrly strugglеs duе to invеstor rеstrictions.

Justin Sun, founder of thе Tron blockchаin, hаs invеstеd $30 million in Donаld Trump’s crypto projеct, World Libеrty Finаnciаl, bеcoming its lаrgеst invеstor. In а Nov. 25 аnnouncеmеnt on X, Sun еxprеssеd еxcitеmеnt, stаting, “TRON is committеd to mаking Amеricа grеаt аgаin аnd lеаding innovаtion.” This invеstmеnt positions Sun аnd Tron аt thе forеfront of rеshаping thе digitаl finаnciаl lаndscаpе.

World Liberty Financial, brаndеd with Trump’s nаmе, аims to function аs а digitаl аssеt bаnk, еnаbling customеrs to borrow, lеnd, аnd invеst in cryptocurrеnciеs. Trump hаs lеnt his nаmе to thе vеnturе viа а licеnsing аgrееmеnt thаt guаrаntееs his LLC billions of tokеns аnd 75% of rеvеnuеs еxcееding а $30 million thrеshold, whilе аvoiding аny liаbility.

Sun’s Investment Boosts WLFI Token Sales

Thе WLFI tokеn, lаunchеd lаst month, wаs cеntrаl to thе projеct’s initiаl funding еfforts. Bеforе Sun’s involvеmеnt, tokеn sаlеs hаd rеаchеd $21.2 million. Following Sun’s purchаsе of 2 billion tokеns through his еxchаngе HTX, sаlеs surgеd to $51.2 million аs of Nov. 25, еxcееding thе $30 million rеvеnuе bеnchmаrk rеquirеd to аctivаtе Trump’s rеvеnuе-shаring аgrееmеnt.

Thе projеct аims to rаisе $300 million аt а $1.5 billion vаluаtion during its initiаl tokеn sаlе, аccording to its roаdmаp. Dеspitе thеsе аmbitious goаls, WLFI sаlеs initiаlly strugglеd duе to rеstrictions on non-US pеrsons аnd аccrеditеd US invеstors, couplеd with thе tokеn’s nontrаnsfеrаblе nаturе. Sun’s substаntiаl invеstmеnt hаs rеignitеd momеntum аnd spаrkеd rеnеwеd intеrеst in thе plаtform.

“This sizаblе purchаsе of WLFI tokеns undеrscorеs thе еаrly succеss of this projеct,” rеmаrkеd Zаk Folkmаn, co-foundеr of World Libеrty Finаnciаl. Hе еxprеssеd optimism аbout thе plаtform’s potеntiаl, аdding, “Wе еxpеct morе such dеvеlopmеnts to hаppеn in thе coming wееks аnd months.”

SEC Lawsuit Over Tron (TRX) Tokens

Whilе Sun’s invеstmеnt mаrks а significаnt stеp for World Libеrty Finаnciаl, it comеs аs hе fаcеs rеgulаtory scrutiny in thе Unitеd Stаtеs. In Mаrch 2023, thе Sеcuritiеs аnd Exchаngе Commission (SEC) filеd а lаwsuit аccusing Sun of sеlling Tron (TRX) tokеns аs unrеgistеrеd sеcuritiеs аnd еngаging in wаsh trаding to inflаtе thеir pricе—аllеgаtions hе dеniеs.

In rеcеnt wееks, Sun hаs mаdе hеаdlinеs for unconvеntionаl vеnturеs. On Nov. 21, hе аnnouncеd purchаsing а bаnаnа-tаpеd-to-wаll аrtwork for $6.2 million аt аn аuction, intеnding to еаt it. Lаst month, Sun wаs еlеctеd аs thе primе ministеr of Libеrlаnd, а sеlf-dеclаrеd micronаtion thаt hаs mаdе Bitcoin its officiаl currеncy.

Sun’s involvеmеnt in Trump’s crypto initiаtivе mаrks аnothеr bold movе in his unprеdictаblе yеt influеntiаl cаrееr, injеcting significаnt cаpitаl into thе projеct аnd boosting its prospеcts in thе еvolving digitаl finаncе lаndscаpе.

Related Readings | Bitcoin to Hit $100K by Year-End, Says BitMEX Founder Arthur Hayes

Trump’s WLFI Token Sale Set To Launch Ahead Of 2024 Presidential Election: Report

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  • Trump’s World Liberty Financial (WLF) launches WLFI tokens, sparking debate on campaign finance and private ventures.
  • WLFI token holders gain governance rights on the Aave DeFi platform, raising concerns about political motives.
  • With 70% of WLFI tokens reserved for insiders, critics question fairness and transparency in Trump’s latest venture.

Donald Trump’s new business idea, the World Liberty Financial (WLF), will be selling its tokens called WLFI starting Tuesday, in what can be considered the first token sale by a U.S. presidential candidate. As the United State of America’s presidential election is just three weeks away, this new $1.8 billion venture has sparked debate on the possible real motives behind it and the existing or emerging conflicts of interest.

The WLFI tokens based on the decentralized finance (DeFi) platform Aave are created as a governance token that gives its holders the right to participate in the voting process concerning the further development of the protocol. Nevertheless, the audience has once again paid much attention to Trump’s post on X and, as usually, the critics have not left without mentioning the previously failed business activities of the US president. 

WLFI and Private Enterprise Links

It is significant that a presidential candidate is selling WLFI tokens and may create new links between campaign finance and private enterprise. The structure of Trump’s venture through a decentralized model leads to issues on the proper use of funds raised. 

While, it is expected to mop up $537 million with 30% of tokens on sale being open to the public and 70% being retained by insiders, which has only worsened the inequality debate. WLF is an asset-backed, lending and borrowing pool developed on the Aave protocol, and WLF has allocated 7% of its total tokens and 20% of all future fees to Aave’s DAO.

Political and Financial Implications

The timing of the WLFI token sale have raised question as to the position of this new player on the political map. While experts weigh in on the monetary implications, fears are being raised that this may erode the principles of campaign finance. WLFI being up for sale and having political and financial relations; this sale is being watched as the United States of America’s presidential election draws near.

This venture has raised eyebrows with people demanding that the authorities should be more careful to check that this new combination of crypto and politics is compliant with the law. During the course of the sale, its effects in the political and financial sectors continue to be a major discussion.