During an online livestream on September 16th, Donald Trump briefly mentioned cryptocurrency but focused on other topics. Later, the World Liberty Financial team announced the launch of a new token, WLFI.
Trump Skipped World Liberty Financial Discussion
On September 16th, Donald Trump had a 45-minute discussion with crypto influencer Farokh Sarmad, billed as a 'State of Crypto address'. However, Trump only briefly mentioned crypto and did not delve into details about World Liberty Financial, simply stating that people would love their crypto and the country would become greater.
WLFI Token Announcement
Two hours into the livestream, Zak Folkman from the World Liberty Financial team announced the launch of a new token, WLFI. These tokens will be used for governance, allowing holders to participate in voting and proposals on important matters.
WLFI Token Features
Folkman added that WLFI tokens will not be transferable, meaning they cannot be bought or sold like regular cryptocurrencies. They are solely for governance purposes, and only accredited investors in the U.S. will be able to buy them. This is due to the current uncertainty surrounding token regulation and sales in the country. World Liberty Financial is taking steps to comply with U.S. federal securities law by limiting token sales to eligible individuals.
The launch of the WLFI token marks a significant step for World Liberty Financial, despite Trump's avoidance of the crypto topic during the livestream. The team is committed to operating within existing legal frameworks, offering governance opportunities solely to specific investors.
Comments