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The former US president, Donald Trump, announced the eligible whitelist for the World Liberty Financial (WLF) tokens.
Trump announced the news on his official handle on X, formerly known as Twitter.
The WLF project has been undergoing KYC (Know Your Customer) verification on interested investors willing to buy the WLFI governance token which is scheduled soon to launch. The process itself is an integral part of ensuring compliance and security for potential investors.
The WLF project is structured as a venture focused on the agenda of financial freedom and decentralization.
Talking about the project, Trump stated that democratizing access to financial tools is one of the major missions. He further emphasized, "Our mission is to bring financial freedom to everyone, regardless of their background or bank balance."
The whitelist is already open to accredited investors in the US and non-US residents. However, retail investors in the US are subjected to few restrictions due to existing financial regulations.
WLF acknowledged the regulatory barriers in place by stating, “Due to outdated policies and regulations in the US, one whitelist is limited to accredited US investors and another for all non-US persons. We’re fighting for changes so all Americans can access World Liberty Financial and join the financial revolution.”
Trump has shown a renewed interest in crypto since the beginning of his presidential campaign in 2024, facing off against Vice President Kamala Harris.
Donald Trump, along with his sons and business associates launched this cryptocurrency platform, WLF with an announcement on September 16, 2024.
His newfound engagement with the crypto community is a strategic step towards increasing his supporters.
It remains to be seen whether Trump’s bet on crypto will get him the US presidency in return!
