Trump’s crypto venture, World Liberty Financial, has officially launched, marking a significant development in the cryptocurrency landscape. The platform is operating as a DeFi protocol on the Ethereum’s blockchain. Its goal is to offer users crypto borrowing and also lending.
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Exploring Trump’s Crypto Venture: World Liberty Financial and DeFi Protocol with Limited US Access
Limited Access for US Investors
World Liberty Financial’s launch comes with restrictions for US-based investors. Currently, only accredited investors in the United States can access the platform.
According to SEC guidelines, accredited investors must have a net worth of at least $1 million or an annual income of $200,000 individually ($300,000 with a spouse) for the past two years.
Global Accessibility
Even though the US access is limited, the platform is open to all non-US persons. World Liberty Financial intends to expand access to all Americans in the future, stating:
“We envision a future in which all Americans can make use of this venue and have equal access to tools and opportunities.”
Trump’s Stance on Cryptocurrency
The involvement of the former president in this crypto venture shows a significant change from his anti-cryptocurrency views from a few years ago. Trump now wants to be perceived as a pro-digital asset candidate for the November election.
He made the following statement on the topic:
“[I want to ] help make America the crypto capital of the world.”
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Platform Features
World Liberty Financial works on the Ethereum’s blockchain, and it focuses on DeFi services. Users can connect their crypto wallets to the site and undergo a know-your-customer verification process. The platform wants to provide tools and opportunities to investors.
Future Prospects
As World Liberty Financial become more used, it could also influence the broader cryptocurrency market and regulatory setup. The platform’s development is being closely watched by investors, analysts, and policymakers alike.
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