World Liberty Financial, US President Donald Trump and his family supported by Cryptocurrency Company, a United Arab Emirates-based company purchased the platform’s rule tokens, WLFI worth $ 100 million.
In a Thursday notice, World Liberty and Aqua 1 Foundation-Swar-Dharmed “Web 3-Environment Fund”- Said The $ 100 million deal “was to help accelerate the creation of a blockchain-managed financial ecosystem focused on the Blockchain Development, Real World Asset Asset (RWA) tokens, and StableCoin integration, to help in accelerating the creation of a new benchmark for global capital efficiency.”
The purchase Aqua 1 makes a larger WLFI token hearing compared to Tron’s founder Justin Sun, who invested $ 30 million in the project in November.
“WLFI and Aqua1 will jointly identify and nurture them together,” said Dave Lee, founder partner of Aqua 1, said and nurture them jointly. ” “We want to catalyze WLFI’s USD1 ecosystem and the structural axis of RWA pipeline trillion-dollars-where architects merge with decentralized primitives to redefine traditional capital markets to redefine global financial infrastructure.”
https://www.youtube.com/watch?v=VKCCRVDC0
The World Liberty is already investigating with American MPs due to connection with the Trump family firm. Trump’s three sons are named as co-founders of the company, and in June the President revealed $ 57.4 million to the income bound income bound to WLFI, as well as personally held 15.75 billion governance tokens.
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The Crypto business of the Trump family was already facing criticism, when Eric Trump announced in May that Abu Dhabi-based investment company, MGX, would use USD1 Stabelcoin of the platform to settle an investment of $ 2 billion in Benance.
The move came when the Congress weighed bills to regulate the payment stabecoin, promoting concerns with the Democratic MPs that the President was supporting the law that could benefit their family’s business relations.
US Attorney General Palm Bondi at a Senate Appropriation Committee hearing on Wednesday Had shook A question by Oregon Senator Jeff Mercley on the connection of the President of World Liberty Financial.
“I think it is important for the leader of the United States Department of Justice to be very concerned about the foreign influence,” Merkeley said. “And I encourage you to take (Bondi) on this subject and do not believe that people who are concerned here, Democrats and Republicans, want to make American decisions. No foreign influences purchased through crypto coins.”
Many US lawmakers have suggested separate legislative routes for the Congress to address possible struggles of interest with the crypto industry. The proposals included amendment in the establishment of national innovation for guide and US Stabecrim, or Genius Act, and separate laws to prevent the President and future leaders from investing in digital assets while in the office.
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