World Liberty Financial (WLFI), a DeFi platform supported by the Trump family, has opened its whitelist for the sale of its WLFI governance token. However, access is currently limited to accredited U.S. investors and non-U.S. individuals, leaving out many everyday Americans. According to SEC rules, accredited investors are those with a net worth of at least $1 million or an annual income of $200,000.
The platform, which will run on Ethereum, offers services like borrowing and lending digital assets. While the KYC verification process has started, the SEC's regulations prevent many U.S. residents from participating in the sale. World Liberty Financial aims to expand access in the future, stating that it plans to make these opportunities available to all Americans.
The WLFI token grants holders governance rights, with 63% of tokens available for public sale. Trump's support for the project reflects his recent pro-crypto shift, as he envisions America as a leader in the crypto space, even opposing SEC actions under Chairman Gary Gensler. Trump has voiced enthusiasm for the initiative, tying it to his broader goal of enhancing America's global standing through cryptocurrency.