Trump’s Crypto Project World Liberty Financial Will Have Its Own Token
Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.
Donald Trump’s foray into the world of cryptocurrency is gaining traction with the announcement that his crypto project, World Liberty Financial (WLF), will launch its token.
The project’s team took to X spaces and in a livestream, Republican presidential candidate Trump made an appearance (a day after surviving a second assassination attempt on his life) to share his thoughts on crypto and NFTs.
Speaking to Farokh, the founder of the DAO-governed NFT media brand Rug Radio, Trump and the World Liberty Financial team discussed the launch of the “WLFI” token. Zak Folkman and Chase Herro who are heavily involved in Trump’s World Liberty Financial also participated in the spaces.
According to the World Liberty Financial team, the token will be regulated by the U.S. Securities and Exchange Commission (SEC), setting it apart from many other digital currencies that operate in the crypto space.
The announcement of the WLFI token is a huge move in Trump’s efforts to tap into the crypto world. The project’s commitment to working within regulatory frameworks could be an attempt to provide investors with a sense of security. There has been volatility and legal uncertainty around tokens.
Trump stressed the importance of creating a legal framework for cryptocurrencies in America so businesses can operate freely.
When asked about his interest in the digital assets space and how it all started. Trump said NFTs were a turning point in his understanding of digital assets. Trump also gave credit to his children and friends for influencing his understanding of crypto.
“I got
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