The cryptocurrency project called World Liberty Financial is attracting attention with its promise of high returns and Trump’s support. However, the details that emerged about the project have worried both supporters and critics. According to the initial plan of the project, reported by CoinDesk, 70% of the tokens to be issued will be allocated to insiders. The remaining tokens will be sold. This raises serious doubts about the sustainability of the project in the long term. It is estimated that if Trump is not successful in the White House race, it will attract the attention of regulators.
Trump’s Role in the Project
Trump serves as the “Chief Crypto Advocate” on the project, while his three sons are officially involved. The project is also linked to Dough Finance, a recently hacked lending platform. The official owner of World Liberty Financial LLC is listed as Zak Folkman, the founder of Dough Finance. Folkman was known as a dating expert before making his name as an entrepreneur. This background has been the focus of some criticism about the project. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Possible Regulatory Interventions
The fact that a large portion of the project was allocated to insiders has attracted the attention of regulatory bodies. If Trump is not successful in the White House, it seems inevitable that this structure will be scrutinized by regulators. It is being said that strict regulations may come into play regarding such projects, especially as the expectation of more transparency and security in crypto markets increases. Financial regulators, especially in the US, have been taking tougher steps against cryptocurrencies in recent years.
The Future of Trump-Backed Projects
Trump-backed projects often attract attention, especially in the cryptocurrency space. World Liberty Financial stands out as one of these projects. However, the fact that the project is largely targeted at insiders and raises doubts about its long-term sustainability makes investors nervous. Trump’s political future also seems to be an important factor in determining the fate of this project.
Projects that have the potential to attract the attention of regulators carry significant risk, especially at a time when cryptocurrency markets are still being regulated. Regulatory bodies in the US in particular can take tougher measures against projects they deem risky related to cryptocurrencies. This stands out as an issue that investors should pay attention to.
As a result, projects like World Liberty Financial attract attention with their promise of high returns, but they also carry risk factors. Whether these projects will be successful in the long term will be a subject that not only domestic investors but also regulators will closely monitor.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
