Trump Says Whitelist Now Open for World Liberty Financial Project

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

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Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

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October 1, 2024

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Former US President Donald Trump said the whitelist for the World Liberty Financial (WLF) project, a decentralized finance (DeFi) platform, is now 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.”

WLF project’s KYC (Know Your Customer) verification is now open for the sale of the WLFI governance token. WLF also eventually has plans to launch its token. The WLF project presents itself as a bold initiative being led by Trump and aims to bring financial freedom and decentralization, according to the former President.

The whitelist is currently open to accredited investors in the U.S. and non-U.S. persons. Despite the restrictions on American retail 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 stance also reflects ongoing regulatory hurdles in the U.S. that restrict participation in certain DeFi ventures to accredited investors, creating challenges for more widespread adoption. The restrictions on U.S. investors are a direct consequence of existing financial policies.

The Trump-backed WLF acknowledges the limitations, stating, “Due to outdated policies and regulations in the US, one whitelist is limited to accredited U.S. investors and another for all non-U.S. persons. We’re fighting for changes so all Americans can access World Liberty Financial and join the financial revolution.”

This suggests that WLF aims to challenge regulatory frameworks that prevent everyday Americans from fully participating in the DeFi space, using the rhetoric of financial inclusion.

2024 U.S. Elections on the Horizon

Trump’s involvement in the WLF project comes as he embarks on a campaign for the presidency, where he faces opponent Vice President Kamala Harris. So far, it seems Harris continues to lead over Trump after the recent televised debate. The U.S. elections take place on November 5.

Trump’s endorsement of WLF appears to be part of a larger effort to engage with various segments of the American public, particularly the rapidly growing crypto and blockchain communities.

Over the past months, Trump has increasingly appeared on alternative media platforms and podcasts, working to tap into the enthusiasm of crypto supporters as part of his broader political strategy. With the whitelist now open, WLF has positioned itself as a platform advocating for both financial and regulatory change.