Crypto Project Supported by Donald Trump, World Liberty Financial (WLFI), Sold Millions of Dollars Worth of Tokens! Here are the Details

World Liberty Financial (WLFI), a crypto project supported by President Donald Trump, announced that it raised $250 million in its second token sale and increased the total token sold amount to $550 million.

Trump-backed World Liberty Financial Token raised $550 million in sales

In October 2024, WLFI, launched just weeks before Trump's election victory, defines itself as a crypto banking platform aiming to "superempower DeFi." According to an early document, the Trump family could receive up to 75% of the net income from the venture.

The company stated that more than 85,000 verified investors who completed customer identification (KYC) participated in the latest token sale to access the offer.

Important Investors and Regulatory Developments

• Tron founder Justin Sun increased his stake in WLFI to $75 million in January.
• A court filing in February revealed that Sun and the SEC are discussing a resolution to the civil fraud case filed against the regulator.
• The Trump administration is pushing for a crypto-friendly agenda, including an executive order signed this month to establish a Strategic Bitcoin Reserve.
• It is reported that David Sacks, the artificial intelligence and crypto president of Trump, sold over 200 million dollars in digital assets before taking office to prevent conflicts of interest.

Rise of the Trump Family's Crypto Ventures

WLFI is among various initiatives related to crypto affiliated with the Trump family. In February, the SEC declared that meme tokens are not securities shortly before the launch of 2025, following the release of memecoins by Donald and Melania Trump.

With increasing corporate interest and regulatory changes, crypto projects associated with Trump are attracting the attention of both investors and policymakers.