Donald Trump’s World Liberty Financial confirms plan for WLFI token, likely exempt from SEC regulations

• Donald Trump’s World Liberty Financial, a project backed by the Trump family, has confirmed the launch of the WLFI governance token.
• The WLFI team will sell the token to accredited investors and will have no economic rights, according to SEC Regulation D.
• Users of crypto betting platform Polymarket believe there is a 24% chance that Donald Trump will launch a coin before the presidential election.

Former US President and Republican presidential candidate Donald Trump has officially endorsed World Liberty Financial, a crypto project backed by the Trump family. Eric and Donald Trump Jr., sons of former President Trump, shared their vision to make DeFi more accessible in a live stream on X months. The project confirmed a governance token, WLFI.

World Liberty Financial confirms that the WLFI token is unlikely to face regulatory hurdles

The Trump family has supported the World Liberty Financial project, which focuses on increasing the accessibility of DeFi. Donald Trump Jr. and Eric Trump said in a live stream on X that they plan to make the DeFi project intuitive and easy to use, and confirmed the governing token, WLFI.

According to the livestream, the crypto project promoted by the Trump family will be non-transferable and will not provide any economic rights. The team will only accept those buyers who want to participate in governance, “not those looking for an economic return.”

The plan is to sell 63% of the token to the public, keep 17% for user rewards, and keep 20% with the team. WLFI tokens will only be sold to accredited investors under the Regulation D exemption from the US financial regulator, the Securities and Exchange Commission (SEC).

This allows firms to raise capital without registering with the SEC and will allow the offering of securities to small and private investors.

Crypto betting market says 24% probability of token launch before US election

Polymarket, one of the largest crypto betting platforms, users believe that there is a 24% possibility that former US President Trump will launch a crypto token before the November elections. At the beginning of September, the chances were 20-25%, and they have risen to 75% less than a week ago. The odds of the token being released are down to 24% at the time of writing.

Users noted that the odds dropped once the live stream ended, as the project team spared more details about the WLFI tokenomy.