Key takeaways
- Whitelists are open to accredited U.S. investors and non-U.S. individuals, leaving out most Americans.
- Trump’s shift to a pro-crypto stance as he supports World Liberty Financial’s DeFi platform.
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World Liberty Financial (WLFI), a DeFi platform backed by the Trump family, has officially opened KYC verification for its WLFI governance token sale.
1/6 World Liberty Financial whitelists are now OPEN. Supported by Donald J. Trump, we will integrate the next wave of users into the future of finance. Join the movement here:
– WLFI (@worldlibertyfi) September 30, 2024
While non-US people can sign up without meeting the income requirement, most ordinary Americans cannot currently access the platform. World Liberty Financial’s whitelist is limited to accredited U.S. investors, defined by the SEC as those with a net worth of at least $1 million or an annual income of at least $200,000.
The platform, which will offer borrowing and lending services for digital assets on the Ethereum blockchain, has launched its know-your-customer (KYC) verification process for the sale of WLFI governance tokens. However, due to SEC regulations, only accredited investors can participate at this time, excluding many Americans from the initial rollout.
In response to concerns about limited availability for US customers, the project stated the following.
“We envision that all Americans will be able to use this platform in the future, giving everyone access to the tools and opportunities that have been restricted for far too long.”
The WLFI token is a non-transferable governance token, providing holders with voting power within the World Liberty Financial ecosystem. The platform has allocated 63% of its tokens for public sale, providing investors with a significant opportunity to engage with its governance model.
Donald Trump’s support for World Liberty Financial marks a significant shift in his stance on digital assets. Once critical of crypto, Trump has now adopted a pro-crypto stance, aiming to appeal to Bitcoin and blockchain’s growing base of supporters. Earlier this year, he opposed the SEC’s crackdown on crypto under Chairman Gary Gensler and promised that all remaining Bitcoins would be “minted in the United States.”
Following the launch of World Liberty Financial, Trump expressed enthusiasm for the project, highlighting its role in his broader pro-crypto agenda.
“I promised to make America great again, this time with crypto. @WorldLibertyFi plans to help make America the crypto capital of the world!
I promised to make America great again, this time with cryptography. @WorldLibertyFi plans to help make America the crypto capital of the world! The whitelist of eligible people is officially open – this is your chance to be part of this historic moment. Join:…
– Donald J. Trump (@realDonaldTrump) September 30, 2024
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