Trump-backed World Liberty Financial Proposes USD1 Airdrop to Early Supporters

Quick Summary:

WLFI’s airdrop test proposal comes amid clashes in Congress over the Trump family’s deep financial ties to the $390 million crypto firm.

Tensions exploded during a recent House Financial Services Committee markup of the bill as  Democrats pushed for amendments that would bar sitting presidents, cabinet members, and their families from launching stablecoins while in office.

Securities and Exchange commission (SEC) to turn over all internal records related to WLFI, citing potential “regulatory favoritism” and the agency’s decision to pause enforcement actions, including one involving WLFI investor and Tron founder Justin Sun.

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Article Details

Author / Journalist: Vismaya V

Category: Crypto

Markets: Estonia

Topics: Airdrops World Liberty Financial STABLE Act Stablecoins Donald Trump Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 05:12:23 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 27708236

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 6 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #63

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