It could also be enormously lucrative for early buyers like Justin Sun or the Emirati Aqua 1 Foundation, who hold $75 million and $100 million worth of WLFI, respectively.

Prior to the Trump administration, a token like this would likely have been considered an unregistered security by the SEC, and its sales illegal offerings.

@molly0xfff Bitcoin is a commodity, as are the direct copies like Bitcoin Cash, even if the clones are problematic. BUT! Other cryptocurrencies, aka alt coins, are clearly securities (clearly unregistered securities), and nothing good will come from treating them otherwise. Bribery and grift are clearly in play here. Bad, bad, bad.