News linked to both this project and an event.
Arthur Hayes 在 X 平台发文表示，他已清仓全部 HYPE 和 NEAR 持仓，并将在下周二发布的文章“Reality Test”中解释原因。Arthur Hayes 称，伊朗战争和库存补充将推高能源价格；当前至第三季度初之间将有 3 家大型 AI 企业 IPO；预测特朗普将为帮助共和党赢得中期选举而转向反 AI；其认为市场高点将在当前至 9 月之间出现；现在是止盈的时候，可以在无需担心持仓的情况下抽身。
According to The Block, Lee Reiners—a lecturer in law at Duke University and former examiner at the New York Federal Reserve—published a post on May 8 stating that WLFI, the governance token issued by the DeFi project World Liberty Financial—which is closely associated with the Trump family—may constitute an unregistered security. Reiners cited the Securities and Exchange Commission’s (SEC) recently released token classification framework, arguing that WLFI is not a “pure digital commodity” and therefore falls under SEC regulatory scrutiny. He contends that WLFI was publicly presold—approximately 25 billion tokens—prior to the protocol’s launch and was marketed leveraging the Trump family’s brand, leading buyers to reasonably expect profits—a key element of the SEC’s “Howey Test” for determining whether an asset qualifies as a security. Regarding decentralization claims, Reiners referenced litigation filed by Justin Sun, noting that World Liberty unilaterally froze Sun’s tokens and revoked his governance rights—revealing a high degree of centralized control. Additionally, he highlighted clear conflicts of interest: the project borrowed $75 million in stablecoins from the Dolomite protocol, using 5 billion WLFI tokens as collateral; notably, a co-founder of Dolomite also serves as an advisor to World Liberty, and part of the borrowed stablecoins flowed directly to World Liberty itself.
Duke University law lecturer Lee Reiners stated that World Liberty Financial, a project associated with the Trump family, may have its governance token WLFI classified as an unregistered security.He pointed out that although the project defines WLFI as a governance token, its issuance method, marketing approach, and investors' expectation of profits align with the criteria of the "Howey Test" used by the SEC to determine securities.Furthermore, the large-scale pre-sale of WLFI before the protocol's official launch, along with its promotion leveraging the Trump brand, is also seen as reinforcing its "investment-type" characteristics.