Odaily Planet Daily News On March 17, US President Donald Trump's crypto project World Liberty Financial (WLFI) announced the completion of the second round of token sales, raising $250 million, and the cumulative token sales totaled $550 million. The project was launched in October 2024 and raised $300 million in the first round of sales.
WLFI is supported by the Trump family and calls itself a crypto banking platform. According to its white paper, the Trump family may receive 75% of the net income. WLFI also stated that more than 85,000 users have participated in the token sale through KYC certification.
WLFI co-founder Zach Witkoff (son of billionaire and US envoy Steve Witkoff) said in the announcement that the project will promote the development of DeFi.
In addition, the Trump administration has been active in the crypto field recently. Earlier this month, Trump signed an executive order to establish a strategic Bitcoin reserve. The latest information disclosed by the White House shows that David Sacks, the head of AI and encryption policy in the Trump administration, has sold more than $200 million in digital asset-related investments through individuals and his venture capital firm Craft Ventures before taking office to avoid potential conflicts of interest.
At the end of February, the SEC announced that Meme tokens were not securities. Before the announcement, Trump and his wife Melania had just launched their own Meme tokens. (CNBC)