The Trump family's encryption project WLFI has completed its second round of token sales, with a total amount of $550 million

Odaily Planet Daily News: On March 17th, US President Donald Trump's cryptocurrency project World Liberty Financial (WLFI) announced the completion of its second round of token sales, raising $250 million and bringing the total cumulative token sales to $550 million. The project was launched in October 2024 and raised $300 million in the first round of sales. WLFI is supported by the Trump family and claims to be a cryptocurrency banking platform. According to its white paper, the Trump family may receive 75% of their net income. WLFI also stated that over 85000 users have participated in token sales through KYC authentication. WLFI co-founder Zach Witkoff (son of billionaire US envoy Steve Witkoff) stated in the announcement that the project will drive the development of DeFi. In January of this year, Tron founder Sun Yuchen increased his WLFI token holdings to $75 million, and court documents in February showed that Sun Yuchen is discussing a settlement with the SEC to resolve his civil fraud case. In addition, the Trump administration has been making frequent moves in the field of encryption recently. Earlier this month, Trump signed an executive order to establish a strategic Bitcoin reserve. The latest information disclosed by the White House shows that David Sacks, the head of AI and crypto policy in the Trump administration, had sold over $200 million in digital asset related investments through his personal and venture capital firm Craft Ventures before taking office to avoid potential conflicts of interest. At the end of February, the SEC announced that Meme tokens are not securities. Prior to this announcement, Trump and his wife Melania had just launched their own Meme tokens. （CNBC）