BPOI Banner
Trump Leads Harris by 12 Points Among Crypto Owners: Poll Trump Leads Harris by 12 Points Among Crypto Owners: Poll

Trump Crypto Project World Liberty Opens Signups—But Not for All Americans

Presidential candidate Donald Trump’s crypto project World Liberty Financial is finally starting to open up its doors to users—though not all Americans are currently eligible to sign up for the upcoming platform.

Users could connect crypto wallets to the website as of Monday morning, and a World Liberty Financial spokesperson also confirmed to Decrypt that the project was indeed ready for prospective clients to sign up for, but did not comment further.

The World Liberty Financial website allows users to start their know-your-customer verification process by selecting their jurisdiction of residence. It is open to accredited investors only in the United States, along with investors in other countries, though the project tweeted that it hopes to open things up in the future to all U.S. users.

“We plan for all Americans to be able to use this platform in the future, giving everyone access to the tools and opportunities that have been restricted for far too long,” the project said in a Monday tweet.

According to the SEC, accredited investors include those with a net worth of at least $1 million, either individually or with a partner (and excluding value of primary residence). They must also have a salary of at least $200,000 solo or $300,000 with a spouse/partner in each of the last two years, plus the expectation of again hitting that mark in the current year.

Additional requirements are also stated for entities and investment professionals, but the core stipulations leave out a sizable chunk of Americans. Interested parties outside of the U.S. can apparently sign up without meeting income requirements.

Even with the SEC limitations, former President Donald Trump said on Twitter (aka X) Monday that the project will “help make America the crypto capital of the world,” and affirmed that the whitelist for eligible persons was open.

Details on the Trump-backed project—which was first teased in August by son Eric Trump—have so far been vague, but we do know that it is a decentralized finance (DeFi) protocol running on Ethereum, the crypto network behind the second biggest digital coin by market cap, ETH.

DeFi is a fast-moving, experimental, and oft-risky sphere in the cryptocurrency space that wants to replace traditional financial services like banks with faster and more efficient technologies. Trump’s project will provide borrowing and lending crypto services, World Liberty Financial previously said.

Donald Trump used to be anti-crypto, but has branded himself as the pro-digital asset candidate ahead of the November election. 

The former real estate mogul and Republican has tried to woo the Bitcoin space, including claiming that he wants all future digital coins minted on U.S. soil. He has also come out against the SEC and Chairman Gary Gensler for the regulator’s crypto crackdown.

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Mathew Di Salvo

https://decrypt.co/283809/trump-crypto-world-liberty-not-all-americans

2024-09-30 17:38:02

bitcoin
Bitcoin (BTC) $ 91,239.45 3.47%
ethereum
Ethereum (ETH) $ 3,150.86 2.37%
tether
Tether (USDT) $ 1.00 0.01%
solana
Solana (SOL) $ 220.97 5.96%
bnb
BNB (BNB) $ 624.84 0.47%
dogecoin
Dogecoin (DOGE) $ 0.378608 2.41%
xrp
XRP (XRP) $ 0.913376 10.09%
usd-coin
USDC (USDC) $ 0.99989 0.01%
staked-ether
Lido Staked Ether (STETH) $ 3,149.25 2.30%
cardano
Cardano (ADA) $ 0.737891 23.23%
tron
TRON (TRX) $ 0.189822 6.38%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 7.48%
avalanche-2
Avalanche (AVAX) $ 34.43 9.10%
the-open-network
Toncoin (TON) $ 5.43 3.19%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,714.53 1.84%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 91,118.41 3.59%
sui
Sui (SUI) $ 3.87 21.67%
pepe
Pepe (PEPE) $ 0.000023 8.15%
weth
WETH (WETH) $ 3,155.65 2.45%
chainlink
Chainlink (LINK) $ 14.26 8.74%
bitcoin-cash
Bitcoin Cash (BCH) $ 434.26 3.40%
polkadot
Polkadot (DOT) $ 5.25 8.37%
near
NEAR Protocol (NEAR) $ 6.10 12.24%
leo-token
LEO Token (LEO) $ 7.76 4.29%
aptos
Aptos (APT) $ 12.48 8.93%
litecoin
Litecoin (LTC) $ 83.75 2.47%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,312.08 2.20%
uniswap
Uniswap (UNI) $ 8.81 8.23%
usds
USDS (USDS) $ 0.994887 0.73%
crypto-com-chain
Cronos (CRO) $ 0.168688 6.63%
stellar
Stellar (XLM) $ 0.145269 7.05%
internet-computer
Internet Computer (ICP) $ 9.04 12.88%
bittensor
Bittensor (TAO) $ 535.96 6.33%
dogwifcoin
dogwifhat (WIF) $ 3.91 11.30%
kaspa
Kaspa (KAS) $ 0.14075 6.24%
ethereum-classic
Ethereum Classic (ETC) $ 23.58 6.26%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.32 8.00%
dai
Dai (DAI) $ 0.999775 0.03%
whitebit
WhiteBIT Coin (WBT) $ 22.30 0.77%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.07%
bonk
Bonk (BONK) $ 0.000044 26.91%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.379814 6.09%
hedera-hashgraph
Hedera (HBAR) $ 0.078807 17.82%
blockstack
Stacks (STX) $ 1.94 6.83%
render-token
Render (RENDER) $ 7.35 11.86%
monero
Monero (XMR) $ 144.09 3.05%
okb
OKB (OKB) $ 44.19 1.81%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.18%
floki
FLOKI (FLOKI) $ 0.000265 24.42%
aave
Aave (AAVE) $ 169.45 8.86%