World Liberty Financial Proposes Tradable WLFI Governance Token Amid High User Approval

World Liberty Financial, a cryptocurrency platform receiving backing from former US President Donald Trump and his sons, has initiated a governance vote to permit trading of its WLFI governance token.

The proposal garnered backing from over 99% of voters as of Wednesday, with the voting period concluding on July 16. Passage would legalize trading of user-allocated WLFI tokens, though those held by founders, the team, and advisors—including potentially the Trump family—would be unavailable for immediate trading.

The proposal underscores this move as a “major milestone,” paving the way for increased community participation and ecosystem development.

Founded in 2024 by Trump, his sons Barron, Donald Trump Jr., and Eric, along with co-founders Chase Herro and Zak Folkman, World Liberty has faced regulatory scrutiny tied to Trump’s presidency and his investments.

According to Bloomberg, Trump reportedly added at least $620 million to his personal portfolio through crypto ventures like World Liberty, including WLFI governance tokens (he personally holds approximately 15.75 billion). However, the Trump family’s stake has reportedly decreased to 40% in June.

World Liberty’s governance token saw roughly five billion votes cast, with a majority supporting tradability.

World Liberty Stablecoin Under Scrutiny Amid New US Legislation

World Liberty’s USD stablecoin is under legislative review. The U.S. House Republican leadership plans to vote on three crypto bills this week, including the GENIUS Act, designed to regulate USD payment stablecoins.

The GENIUS Act previously faced opposition from some Senate Democrats concerned about Trump’s involvement with World Liberty and its stablecoin. Its passage through the House occurred on June 5.

Related Reading: Trump’s Crypto Ventures Face Conflict of Interest and Insider Trading Questions