World Liberty Financial Proposes WLFI Token Trading Across Crypto Market

World Liberty Financial, a decentralized finance platform with ties to the family of former U.S. President Donald Trump, has introduced a proposal to make its WLFI governance token transferable and tradable across the broader crypto market. Currently, the WLFI token is restricted to its own protocol, limiting its price discovery and governance participation. The team behind World Liberty Financial first hinted at this proposal last month, aiming to transition the project towards a more open and decentralized model. This shift would enable token trading on secondary markets, including decentralized exchanges and peer-to-peer platforms.

If the community approves the plan, WLFI token holders will gain enhanced voting powers over critical areas such as token emissions, ecosystem incentives, and treasury management. This initiative comes at a time when Trump's involvement in digital assets has drawn criticism from Democratic lawmakers, who have expressed concerns over potential conflicts of interest. By moving WLFI to a decentralized structure, some of the political pressure currently hindering comprehensive crypto regulation efforts in Congress could be alleviated.

The Trump family recently reduced its ownership stake in World Liberty Financial by 20%, from an initial 75% holding. Financial disclosures filed in June indicated that President Trump had recorded $57 million in profits from WLFI alone. Across his broader digital asset portfolio, which includes the Official Trump memecoin, non-fungible token sales, and holdings in other cryptocurrencies, Trump’s net worth has grown by an estimated $620 million. Digital assets now account for about 9% of his total $6.4 billion fortune.

In response to the president’s crypto ventures, Democratic Congressman Adam Schiff introduced the COIN Act in June. This act seeks to prohibit the President, executive branch officials, and their immediate families from issuing or promoting specific cryptocurrencies while in office. Additionally, World Liberty Financial is conducting an independent audit of its USD1 stablecoin, which has a circulating supply of $2.2 billion. USD1 was recently airdropped to WLFI holders to test on-chain distribution, indicating strong potential to become a significant player in the market.