World Liberty Financial (WLFI), a decentralized finance protocol co-founded by Donald Trump's family, has proposed making its governance token transferable and tradable within the crypto market. This initiative aims to shift towards an 'open participation' model, allowing trading on decentralized exchanges and peer-to-peer networks. Currently, the WLFI token operates in a closed system, restricting governance and price discovery. If approved, tokenholders will gain voting rights on emissions, ecosystem incentives, and treasury policies. Trump's crypto ventures, including WLFI, have faced scrutiny from Democratic lawmakers, raising concerns about potential conflicts of interest. Decentralizing WLFI could alleviate some regulatory pressures. In June, the Trump family reduced its stake in WLFI by 20%, having initially held 75%. Trump's financial disclosures indicate a $57 million profit from WLFI, contributing to an estimated $620 million increase in his net worth from various crypto projects. Proposed legislation, like the COIN Act, seeks to limit the president's involvement in cryptocurrency. Read more AI-generated news on: https://app.chaingpt.org/news