The new initiative by former President Donald Trump is World Liberty Financial that aspires to turn America into a global leader in cryptocurrency.
In a post on X (formerly Twitter), Trump announced under the hashtag #MakeAmericaGreatAgain that he would focus on cryptocurrency. The goal of World Liberty Financial is to transform America into the blockchain hub of the world. He encouraged those who fit the criteria to enroll in the project’s whitelist.
Trump’s Crypto Venture Launches Boldly
Founded on September 16th World Liberty Financial intends to challenge existing financial frameworks by presenting decentralized finance (DeFi) solutions.
The service provides borrowing and lending opportunities seeking to simplify and enhance user accessibility over traditional DeFi models. A major chunk of its WLFI tokens will likely be given to accredited U.S. investors.
Due to the launch excitement many analysts anticipate an increase in the value of WLFI tokens. Uncertainty accompanies the project. Some people have questioned Chase Herro’s leadership at World LibertyFi because of his history with Dough Financial that faced a $2 million security breach.
The distribution of WLFI tokens has sparked debates since 70% of tokens are set aside for insiders including Trump and his group. If the insiders decide to sell their shares this high level of ownership may result in frequent price fluctuations. Token classification as securities may raise the SEC’s attention to the project according to expert warnings.
