World Liberty Financial, a decentralized finance (DeFi) crypto project promoted by former president Donald Trump and his sons, plans to sell up to $30 million of its tokens in the U.S. The company is based in Delaware but operates from Puerto Rico. The majority of token sales, around 90%, will take place offshore. The U.S. Securities and Exchange Commission (SEC) has made it difficult for companies to raise funds through token sales, but World Liberty is using an exemption called Regulation D to sell tokens to U.S. investors. The company has raised $2.7 million from 348 investors since October 15. Trump and his sons have been promoting World Liberty as part of the DeFi movement to democratize access to financial services.
- Content Editor ( cryptoslate.com )
- 2024-11-03
Donald Trump’s World Liberty will limit token sales in the US to $30 million