Trump family crypto project WLFI completes second round of token sales, totaling $550 million

Odaily News On March 17, US President Donald Trump’s crypto project World Liberty Financial (WLFI) announced the completion of its second round of token sales, raising $250 million, bringing the total cumulative token sales to $550 million. The project was launched in October 2024 and raised $300 million in the first round of sales.
WLFI is backed by the Trump family and calls itself a crypto banking platform. According to its white paper, the Trump family may receive 75% of the net income. WLFI also stated that more than 85,000 users have passed KYC certification to participate in the token sale.
WLFI co-founder Zach Witkoff (son of billionaire and US envoy Steve Witkoff) said in the announcement that the project will promote the development of DeFi. In January this year, Tron founder Justin Sun increased his WLFI token holdings to $75 million, and court documents in February showed that Justin Sun was discussing a settlement with the SEC to resolve the civil fraud case in which he was involved.
In addition, the Trump administration has recently been active in the crypto space. Earlier this month, Trump signed an executive order to establish a strategic Bitcoin reserve. The latest information disclosed by the White House shows that David Sacks, the head of AI and crypto policy in the Trump administration, has sold more than $200 million in digital asset-related investments through individuals and his venture capital firm Craft Ventures before taking office to avoid potential conflicts of interest.
At the end of February, the SEC announced that Meme tokens were not securities. Before the announcement, Trump and his wife Melania had just launched their own Meme tokens. (CNBC)