Presidential candidate Donald Trump's cryptocurrency project, World Liberty Financial, is finally opening its doors to users, but not all Americans will be able to sign up for the upcoming platform at this time.
Users have a cryptocurrency wallet Website As of Monday morning, a World Liberty Financial spokesperson also confirmed. decryption He said the project is indeed ready for future customers to sign up, but had no further comment.
World Liberty Financial's website allows users to select their jurisdiction of residence and begin the customer verification process. Although it is only open to accredited investors in the United States along with investors from other countries, the project has tweeted that it hopes to open it to all users in the United States in the future.
“We plan to make this platform available to all Americans in the future, giving everyone access to tools and opportunities that have been limited for too long.” says the project. said in a tweet on Monday.
According to the SEC, accredited investors include investors who individually or with partners have a net worth of at least $1 million (excluding the value of their primary residence). You must also have earned at least $200,000 alone or $300,000 with your spouse/partner in the past two years and expect to earn that level again this year.
Additional requirements are provided for business entities and investment professionals, but the core provisions exclude a significant portion of Americans. Interested parties outside the United States appear to be able to register without meeting income requirements.
Even with SEC restrictions, former President Donald Trump said On Twitter (aka
Details of projects supported by President Trump first teased What his son Eric Trump announced in August has been vague so far, but we know it's something like this: Decentralized finance (DeFi) protocols running on Ethereumthe cryptographic network behind the second largest digital coin by market capitalization, Ethereum.
DeFi is a fast-moving, experimental, and often risky area of the cryptocurrency space that aims to replace traditional financial services such as banking with faster and more efficient technologies. World Liberty Financial previously said Trump's project would provide cryptocurrency lending and borrowing services.
Although Donald Trump used to be anti-cryptocurrency, brand yourself He was selected as a pro-digital asset candidate for the November election.
The former real estate mogul and Republican has tried to recruit people into the Bitcoin space, including: claim He says he wants all digital coins to be minted on U.S. soil. He has also spoken out against the SEC and Chairman Gary Gensler over the regulator's crackdown on cryptocurrencies.
Edited by Andrew Hayward
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