Duke Says Trump's WLFI Token May Be an Unregistered Security
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Duke Says Trump's WLFI Token May Be an Unregistered Security
Why Is World Liberty’s Token Structure Under Scrutiny? World Liberty Financial, the DeFi and stablecoin project tied to the Trump family, is facing renewed legal scrutiny after Duke University lecturing fellow Lee Reiners argued that its WLFI token may qualify as an unregistered security under the Securities and Exchange Commission’s latest crypto guidance. Reiners, a former Federal Reserve Bank of New York examiner, said WLFI does not fit the S…
Key Points of the News: Lee Reiners, former Federal Reserve examiner, argues that the token WLFI meets the Howey Test criteria to be considered a value. The project sold approximately 25,000 million tokens before the protocol was fully built. An entity linked to the Trump family, DT Marks DEFI LLC, maintains the right to 75% of net income from asset sales. The Decentralized Finance Project (DeFi) World Liberty Financial, directly linked to Donal…
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