World Liberty Financial, the cryptocurrency company supported by US President Donald Trump and his family, said that a company based in the United Arab Emirates bought $ 100 million from the Governance token of the platform, WLFI.
In a Thursday opinion, the World Foundation of Liberty and Aqua1 – Self -written as a “native web3 fund” – said that the $ 100 million agreement was “intended to accelerate the creation of a financial ecosystem fueled by the blockchain focused on the development of blockchain, global tokenization of the real world for global token.”
The purchase made of Aqua1 a larger WLFI token holder than the founder of Tron Justin Sun, who invested $ 30 million in the project in November.
“WLFI and Aqua 1 will identify and maintain together with high potential blockchain projects,” said Aqua1 founding partner Dave Lee. “The USD1 ecosystem of WLFI and the RWA pipeline embody the opportunity for structural pivot of the billion dollars that we seek to catalyze – where architects merger the traditional capital markets with decentralized primitives to redefine the global financial infrastructure.”
https://www.youtube.com/watch?v=VKC5QCRVDC0
World Liberty is already under the control of American legislators due to the Trump family’s ties with the cabinet. Trump’s three sons are appointed co-founders of the company, and in June, the president revealed $ 57.4 million in WLFI income, as well as governance tokens of $ 15.75 billion.
In relation: World Liberty supported by Trump to release Stablecoin’s audit, make WLFI transferable
WLFI under surveillance while the US Congress turns to the Stablecoin invoice
The Crypto activity of the Trump family had already been criticized after Eric Trump announced in May that an investment company based in Abu Dhabi, MGX, would use Stablecoin USD1 of the platform to settle an investment of $ 2 billion in Binance.
This decision has occurred while Congress weighs the bills to regulate the payment ecuins, which aroused concerns as democratic legislators that the president supported legislation which could benefit from the trade links of his family.
During a hearing of the Senate Credit Committee on Wednesday, the American prosecutor General Pam Bondi bypassed the question of the Senator of Oregon Jeff Merkley on the bonds of the president with World Liberty Financial.
“I think it is important that the head of the United States Ministry of Justice is very concerned about foreign influence,” said Merkley. “And I encourage you [Bondi] To tackle the subject and not to consider it as an offense that those of us who concern us here, democrats and republicans, want the Americans to make American decisions. Not a foreign influence bought by cryptographic coins. »»
Several American legislators have suggested various legislative ways so that the congress deals with conflicts of potential interests with the cryptographic industry. The proposals included amendments to guide and establish national innovation for American stables, or Genius Act, and separate the legislation to prevent the president and future managers from investing in digital assets during their mandate.
Review: Genius Act reopens the door of a meta-stablecoin, but will it work?
