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The United States’ evolving stance on crypto under President Donald Trump’s administration has seen a noticeable shift from regulatory caution to broader acceptance.
Sam Altman launches World
Amid this transformation, Tools for Humanity, backed by OpenAI CEO Sam Altman, has officially launched its iris-scanning crypto initiative, now rebranded as “World,” across several U.S. cities.
Initially kept out of the U.S. due to regulatory hurdles during the Biden era, the project invites users to verify their humanity by scanning their irises through a biometric orb in exchange for WLD tokens.
Cities like Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco are among the first to welcome the World orb experience, signaling a new phase in biometric identity and decentralized finance convergence.
Remarking on the same, in a letter, Altman and Tools for Humanity CEO Alex Blania noted,
“Worldcoin consists of a privacy-preserving digital identity (World ID) and, where laws allow, a digital currency (WLD) received simply for being human. We hope that, where the rules are less clear, such as in the U.S., steps will be taken so more people can benefit from both.”
Presidents Trump vs. Biden
Though the regulatory shift has not been explicitly stated, observers believe recent comments from Altman and Blania point to the prior administration’s stringent approach under President Biden and SEC Chair Gary Gensler.
Expressing on the matter, Nexo cofounder Antoni Trenchev said in a statement,
“Thanks to the vision and leadership of President Donald J. Trump, his administration, and his family, the United States is once again a place where innovation is championed, not stifled.”
That being said, Trump’s leadership has also seen a rollback of crypto oversight, with key agencies like the SEC and CFTC scaling down enforcement actions and the Justice Department dissolving its dedicated crypto crime unit.
What’s more?
This policy reversal has already encouraged major players like OKX and Nexo to reestablish operations in the U.S., signaling a broader return of crypto firms once pushed out by regulatory pressure.
Hence, with its U.S. debut, World now stands at a critical inflection point.
While Blania envisions onboarding billions through its iris-scanning initiative, the project has only verified around 12 million individuals globally.
Whether this expansion will entice American users remains to be seen.
Still, the market response hints at rising optimism.
Amidst this, Worldcoin’s WLD token has recently climbed over 111% since the start of April, fueled by renewed institutional and whale interest.
Trading at $1.08 with modest daily gains at press time, WLD appears all set for continued momentum, potentially signaling growing public alignment with the project’s vision in a new regulatory era.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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