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WLFI Token Trading Proposal Garners 99% Support - Unchained
World Liberty Financial, a crypto company backed by the Trump family, is holding a community vote on whether to make its governance token WLFI tradable on external markets.
Voting began on July 9 and will conclude on July 16. So far, the proposal has received overwhelming support, over 99% in favor from nearly six billion tokens voted.
If approved, the WLFI token will become tradable on secondary markets, such as decentralized exchanges, expanding participation and price discovery.
This story is an excerpt from the Unchained Daily newsletter.
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Still, tokens held by founders, team members, and advisors – including those owned by President Donald Trump and his family – will remain locked and not be immediately available for trading. The unlock schedule for these insider tokens will be determined in a future vote.
The proposal comes amid ongoing scrutiny and controversy, with critics raising concerns about conflicts of interest as Trump continues to influence crypto policy while benefiting financially from the sector.
Trump personally holds 15.75 billion governance tokens and reported $57.4 million in income from the crypto business in June alone.