According to former US President Donald Trump, the World Liberty Financial (WLF) project’s whitelist for its decentralized finance (DeFi) platform is currently open.
In an announcement on the social media platform X (formerly Twitter), Trump stated, “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
The KYC (Know Your Customer) verification for the WLF project is now available for the WLFI governance token sale. WLF intends to eventually introduce its token as well. The former President claims that the WLF project is a daring endeavor spearheaded by him that seeks to bring about financial freedom and decentralization.
Both American and foreign accredited investors are presently eligible to be added to the whitelist. Despite the limitations placed on ordinary American 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 approach also takes into account current regulatory obstacles in the United States that limit accredited investors’ ability to participate in specific DeFi ventures, making broader adoption of the model difficult. The limitations placed on American investors are directly related to the financial policies that are in place.
The restrictions are acknowledged by the Trump-backed WLF, which says, “One whitelist is restricted to accredited U.S. investors and another for all non-U.S. persons due to outdated policies and regulations in the US. To enable all Americans to access World Liberty Financial and take part in the financial revolution, we are fighting for reforms.”
This implies that WLF wants to use the language of financial inclusion to challenge regulatory frameworks that prohibit regular Americans from fully engaging in the DeFi space.
2024 U.S. Elections on the Horizon
Trump’s participation in the WLF project coincides with the start of his presidential campaign, in which he will run against Vice President Kamala Harris. After the most recent televised debate, it appears Harris is still ahead of Trump. November 5 is election day in the United States.
Trump’s support of WLF seems to be a part of a bigger initiative to interact with different American public segments, especially the quickly expanding blockchain and cryptocurrency communities.
As part of his larger political plan, Trump has been more frequently seen in recent months on podcasts and alternative media platforms, hoping to capitalize on the fervor of cryptocurrency enthusiasts. WLF has positioned itself as a platform that supports both financial and regulatory change, and the whitelist is currently available.