Crypto
Trump-linked World Liberty Financial token may be unregistered security
A claim has emerged that WLFI, a token issued by the DeFi and stablecoin project World Liberty Financial linked to U.S. President Donald Trump’s family, could qualify as an unregistered security. Lee Reiners, a Duke University instructor and former New York Fed examiner, wrote on his blog that WLFI is likely to draw scrutiny from the U.S. Securities and Exchange Commission. He argued it is hard to view WLFI as a pure digital commodity under the SEC’s recent token classification standards.
