Trump family crypto project WLFI completes second round of token sales, totaling $550 million

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MarsBit
03-18
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Mars Finance News, on March 17, the crypto project World Liberty Financial (WLFI) of US President Donald Trump announced the completion of the second round of token sales, raising $250 million, with the total token sales reaching $550 million. The project was launched in October 2024 and raised $300 million in the first round of sales. WLFI is supported by the Trump family and claims to be a crypto banking platform. According to its whitepaper, the Trump family may receive 75% of the net income. WLFI also stated that more than 85,000 users have participated in the token sale through KYC verification. WLFI co-founder Zach Witkoff (billionaire, son of US envoy Steve Witkoff) said in the announcement that the project will promote the development of DeFi. In January this year, Justin Sun, the founder of Tron, increased his WLFI token holdings to $75 million, and court documents in February showed that Sun is discussing a settlement with the SEC to resolve the civil fraud case against him. In addition, the Trump administration has been active in the crypto field recently. Earlier this month, Trump signed an executive order to establish a strategic Bitcoin reserve. The latest information disclosed by the White House shows that David Sacks, the person in charge of the Trump administration's AI and crypto policy, has sold more than $200 million in digital asset-related investments through his personal and venture capital firm Craft Ventures before taking office, in order to avoid potential conflicts of interest. At the end of February, the SEC announced that MEME tokens are not securities, and just before the announcement, Trump and his wife Melania had just launched their own MEME token. (CNBC)

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