Former US President Donald Trump announced that the whitelist for the World Liberty Financial (WLF) project, a decentralized finance (DeFi) platform, is now open.
In a post on the social media platform X (formerly Twitter), Trump said, “Planning to help make America the crypto capital of the world! The whitelist for eligible persons is officially open – this is your chance to be part of this historic moment.”
I promised to Make America Great Again, this time with crypto. @WorldLibertyFi is planning to help make America the crypto capital of the world! The whitelist for eligible persons is officially open – this is your chance to be part of this historic moment. Join:… — Donald J. Trump (@realDonaldTrump) September 30, 2024
WLF project’s KYC (Know Your Customer) verification is now open for the sale of the WLFI governance token. WLF also eventually has plans to launch its token. The WLF project presents itself as a bold initiative being led by Trump and aims to bring financial freedom and decentralization, according to the former President.
The whitelist is currently open to accredited investors in the U.S. and non-U.S. persons. Despite the restrictions on American retail investors.
WLF emphasized its broader mission: “We are not turning our backs on the everyday American. Our mission is to bring financial freedom to everyone, no matter their background or bank balance.”
The project’s stance also reflects ongoing regulatory hurdles in the U.S. that restrict participation in certain DeFi ventures to accredited investors, creating challenges for more widespread adoption. The restrictions on U.S. investors are a direct consequence of existing financial policies.
The Trump-backed WLF acknowledges the limitations, stating, “Due to outdated policies and regulations in the US, one whitelist is limited to accredited U.S. investors and another for all non-U.S. persons. We’re fighting for changes so all Americans can access World Liberty Financial and join the financial revolution.”
This suggests that WLF aims to challenge regulatory frameworks that prevent everyday Americans from fully participating in the DeFi space, using the rhetoric of financial inclusion.
[Twitter text]