What The Hell America!

Some firms turned them down. “It’s a very dishonest approach,” Dominik Schiener, founder of the IOTA Foundation, told the Times. His Berlin-based group “immediately” rejected the pitch, he said.

Crucially, World Liberty allows foreign investors to financially back Trump. Many of World Liberty’s early investors were from South Korea, Hong Kong, Singapore, and the United Arab Emirates. Early investors also included some foreign crypto entrepreneurs who had to make payments to the Securities and Exchange Commission over their misdeeds.

Crypto executives have used their purchases of $WLFI to raise their profile in the U.S. and globally, in addition to granting them leverage with the White House. Justin Sun, a Chinese billionaire who founded the crypto platform Tron and was sued by the SEC during the Biden administration, bought a whopping $75 million of $WFLI, late last year. A few months later, the SEC asked a federal judge to halt Sun’s case.