Trump’s Cryptocurrency Venture WLFI Faces Volatility Amid Regulatory Shifts
Former U.S. President Donald Trump, once a vocal critic of cryptocurrencies, saw his family-led decentralized finance project, World Liberty Financial (WLFI), become a focal point during the 2024 election cycle. The initiative, launched in September under the stewardship of Trump's sons, gained traction as his political resurgence gained momentum, attracting attention from key industry figures like Justin Sun.
WLFI's early success was partly tied to its influence on crypto regulatory reforms within the Trump circle, including the legalization of stablecoins. However, the token has struggled recently, shedding over 20% since November 10 and more than 62% annually. Market volatility and delayed exchange listings—WLFI only became available on centralized platforms in September—have compounded these challenges.
