Trump Crypto Backed World Liberty Financial Votes to Unlock WLFI Trading
A significant decision is on the horizon for a company deeply involved in the world of Trump crypto. World Liberty Financial, the business backed by former US President Donald Trump and his family, has initiated a crucial vote regarding its platform’s native asset.
What’s Happening with the WLFI Token Vote?
The core of the current discussion at World Liberty Financial revolves around its WLFI token. This governance token is central to the platform’s ecosystem, and a proposal is now before token holders to make it tradable.
Here are the key details of the voting process:
- Voting commenced on Wednesday and is scheduled to conclude on July 16.
- At the time of reporting, the proposal had garnered overwhelming support, with over 99% of roughly five billion tokens voted favoring the change.
- If approved, this move could release a substantial amount of WLFI tokens into the market.
- Importantly, the proposal clarifies that tokens held by “founders, team, and advisor tokens” — which would include those associated with the Trump family — would not be immediately available for trading.
According to the proposal itself, making the token tradable “would mark a major milestone in the development of the World Liberty Financial ecosystem and opens the door for broader community participation, access, and protocol development.”
Inside World Liberty Financial and the Trump Connection
World Liberty Financial was launched in 2024, co-founded by Donald Trump, his sons Barron, Donald Trump Jr., and Eric, alongside Chase Herro and Zak Folkman. The company is one of several ventures linking the former president to the digital asset space.
These connections have placed World Liberty, and other Trump crypto activities, under scrutiny, particularly as the president discusses policies related to digital assets.
Financial disclosures have highlighted Trump’s significant involvement. Reports indicate he added hundreds of millions to his portfolio through crypto investments, including World Liberty. In June, he disclosed $57.4 million in income from the business and personally holds a substantial 15.75 billion WLFI token governance tokens.
However, reports also suggest the Trump family has been reducing its stake in the company since December 2024, holding around 40% as of June.
The Impact of Governance Token Trading
The potential approval of governance token trading for WLFI is a significant step. Making a token tradable on exchanges typically increases its accessibility to a wider audience, potentially boosting liquidity and facilitating broader community involvement in the protocol’s governance and development.
While founder tokens are excluded from immediate trading, the ability for other token holders to trade WLFI represents a key progression for the ecosystem, moving it towards greater decentralization and public access, a common goal for many blockchain projects.
Stablecoin Regulation and World Liberty’s USD1
Beyond the WLFI token vote, World Liberty Financial is also connected to ongoing discussions around stablecoin regulation. The company issues a stablecoin called USD1.
Legislative efforts in the US Congress, such as the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, aim to establish regulatory frameworks for payment stablecoins. The GENIUS Act specifically faced initial pushback in the Senate, partly due to concerns over Trump’s ties to World Liberty and its USD1 stablecoin.
Eric Trump previously announced that an Abu Dhabi-based company planned to use the USD1 stablecoin to settle a $2 billion investment on Binance. Despite earlier hurdles, the House of Representatives later passed the GENIUS Act after a second vote in June, indicating that discussions around stablecoin oversight remain active and relevant to companies like World Liberty Financial.
Summary
The vote to make the WLFI token tradable marks a potentially transformative moment for World Liberty Financial. With overwhelming support indicated so far, this move could significantly broaden access and participation in the platform’s ecosystem. Occurring against the backdrop of its founder’s prominent role in Trump crypto ventures and ongoing debates surrounding stablecoin regulation, the outcome of this vote will be closely watched by both the crypto community and those interested in the intersection of politics and digital assets. The decision on governance token trading is poised to unlock new possibilities for the WLFI token.
