🚨World Liberty, supported by Trump, proposes cryptocurrency holder of US$ 1.5 billion.
World Liberty Financial, a cryptocurrency venture backed by the family of the President of the United States, Donald Trump, is probing investors to raise US$ 1.5 billion in funds aimed at establishing a company that will hold its WLFI tokens, Bloomberg News reported on Friday (8).
Citing people familiar with the matter, the report states that the business structure has not yet been finalized, adding that major investors in cryptocurrency and technology have been approached.
Reuters could not immediately verify the information. World Liberty declined to comment.
World Liberty, a "decentralized platform" that counts Donald Trump and his children as co-founders, according to its website, has generated US$ 500 million for the family since its launch, according to Reuters' calculations.
World Liberty tokens, known as $WLFI, are not classified as securities by the Securities and Exchange Commission and, therefore, are not subject to the same level of scrutiny as investments such as stocks.