Trump-Linked Crypto Project Proposes Making Its Token Tradeable
World Liberty Financial (WLFI), a crypto project connected to the Trump family, has suggested a new plan to allow its WLFI token to be traded freely on the open crypto market.
Right now, the WLFI token can only be used inside its own system. That means users can’t trade it on crypto exchanges or use it for price speculation. This limits how many people can get involved or help make decisions about the project.
The new proposal would let WLFI tokens be traded on platforms like decentralized exchanges (DEXs) or between users directly (peer-to-peer). This move is meant to make the project more open and decentralized.
If the community approves the plan, WLFI holders would also get more control over decisions like how new tokens are created, how the ecosystem is supported, and how the project’s funds are used.
This comes at a time when Trump’s involvement in crypto is drawing criticism from Democrats, who are worried about conflicts of interest. Making WLFI more decentralized might reduce some of the political pressure around crypto regulations in the U.S.
Recently, the Trump family reduced their stake in WLFI from 75% to 55%. Financial reports from June show that Trump has made $57 million in profits from WLFI alone. His total crypto earnings, including from his Trump-themed meme coin, NFTs, and other tokens, have pushed his digital asset net worth to around $620 million — about 9% of his estimated $6.4 billion total wealth.
In response to these developments, Congressman Adam Schiff introduced the COIN Act, which would ban U.S. presidents, top government officials, and their families from launching or promoting specific cryptocurrencies while in office.
Meanwhile, WLFI is also running an independent audit of its USD1 stablecoin. With a supply of $2.2 billion, USD1 was recently distributed for testing purposes and is seen as a possible major player in the stablecoin market.
