- 99.94% of WLFI token holders approved making the token tradable, with 11.1 billion tokens cast in favour.
- Early supporters will receive phased unlocks; team and adviser holdings remain locked pending a future vote.
- Trump’s significant ownership and the platform’s political ties have raised conflict of interest concerns.
World Liberty Financial has secured approval from its community to make its WLFI token tradable, with a landslide 99.94% of 11.1 billion tokens supporting the move. The proposal enables peer-to-peer transfers and secondary market listings, transitioning the platform from a closed system to open market access.
First introduced on 4 July and open for on-chain vote on 9 July, the proposal formally closed on 16 July. It received support from nearly all participating wallet addresses, with users expressing motivations ranging from financial gain to support for Trump.
The platform has drawn significant attention since its launch in late 2023, with token buyers citing the former president’s involvement as a primary motivator. While the exact holdings are unclear, Trump was disclosed to own 15.75 billion WLFI tokens at the end of 2024, part of an initial 22.5 billion allocation.
Tokens held by early backers will unlock in stages following implementation. However, those belonging to the founding team and advisers will remain restricted, subject to a longer-term release plan to be decided via another community vote. World Liberty has stated that implementation will begin “within a reasonable time”.
Related: Trump’s Crypto Payday: President Nets $620M Boost, Crypto Now 9% of His Fortune
Lawmakers Raise Conflict of Interest Concerns
Despite the potential financial upside, the project has attracted scrutiny from lawmakers. Democratic leaders have argued that Trump’s financial interest in WLFI presents a conflict of interest, particularly as his administration shapes crypto regulation. Critics say this could lead to preferential treatment or lax oversight of the digital asset industry.
WLFI also supports the USD1 stablecoin and offers DeFi lending and borrowing features. While details about when trading will start remain pending, World Liberty says the change is a step towards creating a more transparent and accessible financial system.
Related: GENIUS Act Back on Track After Presidential Pow-Wow with Republican Holdouts
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