Trump opens door to DeFi 🗝️

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📝 What you need to know

World Liberty Financial, the upcoming borrowing and lending platform backed by Donald Trump and his sons, began welcoming users to connect a wallet, sign up, and complete know-your-customer (KYC) processes on Monday.

Trump tweeted Monday that he “promised to Make America Great Again, this time with crypto,” and said that the platform would help “make America the crypto capital of the world.” But World Liberty Financial will exclude most Americans as only accredited investors in the country can participate, with steep financial requirements such as a net worth of at least $1 million excluding primary residence.

World Liberty Financial, undeterred, called out “outdated policies and regulations in the U.S.” via a tweet thread, and said that it was “fighting for changes so all Americans” can access the platform and “join the financial revolution.”

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