Trump-Backed Crypto Firm Plans Nasdaq Listing

World Liberty Financial, a decentralized finance platform backed by the Trump family, is in advanced talks to raise $1.5 billion to create a publicly traded company on Nasdaq holding its WLFI tokens and cash reserves. The board would include Eric Trump and Donald Trump Jr. The initiative follows the successful launch of the USD1 stablecoin and the WLFI token, which has already achieved hundreds of millions in sales. This effort aims to increase WLFI's liquidity and credibility by providing regulatory transparency and attracting mainstream and institutional investors, in line with recent U.S. rule changes allowing 401(k) plans to invest in digital assets. The approach mirrors strategies used by companies like MicroStrategy and reflects increased investor interest in crypto-exposed public equities. However, some observers warn such moves may concentrate control among elites, potentially moving the sector away from its decentralized roots.