Gairika Mitra
World Liberty Financial, the DeFi platform backed by Republican presidential candidate Donald Trump, announced on Monday the opening of its whitelists.
The World Liberty Financial whitelist is limited to accredited investors in the United States, as defined by the SEC. These are individuals who meet specific financial criteria, such as having a net worth of at least $1 million or an annual income of $200,000 or more. Only those who qualify under these guidelines are eligible to be included on the whitelist, but the company remains committed to including everyday Americans as part of its “broader mission for financial freedom.”
Despite current regulatory hurdles that limit participation to accredited U.S. investors and non-U.S. persons, the company is actively working to change policies so that all Americans can join this financial initiative.
World Liberty Financial said that it’s mission is to bring financial freedom to everyone, regardless of their background or bank balance. The current regulatory landscape in the U.S. imposes restrictions on who can participate in such innovative financial platforms. The company also plans to expand its platform to include all Americans in the future.
Former President Trump also highlighted his promise to “make America great again,” this time with crypto.
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
Trump Crypto Venture Faces Security Breaches and Scams
The Shib Daily previously covered Trump officially launching his cryptocurrency venture.
In a live X Spaces conversation with crypto influencer Farokh Sarmad, Trump expressed excitement about the venture’s launch. “We’re going to make our country greater than ever before, and you’re going to love your crypto,” he remarked.
During the discussion, Trump shared how he was initially uninterested in cryptocurrencies due to unfamiliarity with the space. However, he credited his children for changing his perspective, stating that they “opened his eyes” to the potential of digital currencies as time went on.
However, even before its official launch, World Liberty Financial faced issues with scams and cyber threats. The X accounts of Lara Trump, Donald Trump’s daughter-in-law, and Tiffany Trump, his daughter, were hacked and used to promote fraudulent tokens.
World Liberty Financial quickly confirmed the security breach, warning the public to avoid clicking on any suspicious links or purchasing tokens linked to Lara and Tiffany Trump. The platform urged users to remain cautious and only engage with verified sources to avoid falling victim to scams.
Read More
- Trump to Launch World Liberty Financial, Calls Big Banks ‘Slow and Outdated’
- Trump Debuts World Liberty Financial, Touts Crypto as Key to America’s Future
- X Accounts of Lara Trump, Tiffany Trump Hacked By Crypto Scammers
Gairika holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
