Donald Trump’s WLFI crypto project raises $550 million in token sale
The cryptocurrency community is abuzz with President Donald Trump’s World Liberty Financial (WLFI) cryptocurrency project, which has raised a further $250 million from its second token sale. The total amount raised now stands at an astronomical $550 million, representing a significant milestone for the development of the project.
WLFI is closely related to the Trump family and is touted as a revolutionary decentralised finance banking platform. The growing interest from high-profile investors and regulatory scrutiny, along with the necessary political connections, is making headlines in both the financial and political worlds.
A new era of crypto banking
World Liberty Financial aims to revolutionise the way individuals engage with digital currencies. Officially launched in October, just weeks before Trump’s election, WLFI was promoted as a next-generation DeFi platform. A report published during the launch of WLFI suggested that the Trump family may take home 75 percent of net revenue, raising eyebrows among investors and regulators alike.
WLFI’s second token sale
The latest funding round saw a massive $250 million poured into WLFI, demonstrating investor confidence in the platform’s vision. The company sold $300 and $250 million worth of Ethereum, Bitcoin, Tron, Ondo, Sui, and other cryptocurrencies in two sets of token sales. The announcement by WLFI stated that more than 85,000 people completed Know Your Customer (KYC) verifications to participate in the sale, indicating widespread interest from across the crypto spectrum.
WLFI’s co-founder, Zach Witkoff, son of billionaire Steve Witkoff, stressed that the project is poised to transform DeFi and global finance. According to Witkoff, WLFI’s success reflects the deep understanding of crypto and finance among its supporters.
Witkoff stated, “This milestone proves that those who truly understand crypto and finance recognise what we’re building—and that WLFI is on track to supercharge DeFi as it transforms global finance in the coming years.”
High-Profile investors and strategic partnerships
Tron blockchain creator Justin Sun has significantly increased his holding in WLFI tokens to $75 million, showing faith in the long-term prospects of the project. David Sacks, Trump’s AI and crypto czar, reportedly sold more than $200 million in cryptocurrency holdings prior to taking up his position. His participation indicates a robust regulatory approach in the administration.
Witkoff further added, “The token sales are just the beginning. We’re gearing up to launch a wave of disruptive technology that will redefine the boundaries of what’s possible with digital assets.”
Trump’s Crypto-Friendly Policies
President Trump recently signed an executive order establishing a Strategic Bitcoin Reserve, reinforcing his administration’s pro-crypto stance. In a landmark decision, the SEC announced that meme tokens are not considered securities. A court filing in February revealed that Justin Sun and the SEC are in discussions to resolve Sun’s civil fraud case, adding regulatory uncertainty to his WLFI investment. With the Trump family deeply involved in WLFI’s financial structure, scrutiny from regulators is inevitable. Whether WLFI can navigate these challenges will determine its long-term success.
