Overwhelming Support for WLFI Token Trading Approval—Impacts Could Reach Trump Finances
An overwhelming 99.94% of World Liberty Financial token (WLFI) holders voted in favor of making the tokens tradable, a move that could influence both the token's market performance and the Trump family's earnings.
World Liberty Financial—a DeFi initiative tied to the Trump family—launched the WLFI token and USD1 last fall. Initially, WLFI tokens gave holders governance privileges over things like code updates, but not the ability to trade them on exchanges.
Investor interest was fueled in part by Trump's involvement, with many expecting the token to appreciate in value. With this vote, WLFI will now be open to market dynamics, possibly attracting more trading activity and investor attention while increasing platform fees.
Ethical Concerns for Trump
The Trump family’s involvement has triggered pushback, especially from Democratic lawmakers. Senator Elizabeth Warren and Representative Maxine Waters raised concerns with the SEC, warning that the Trump family's stake in WLFI could complicate crypto regulation.
Although WLFI isn’t currently recognized by the SEC as a security, and therefore avoids typical regulatory oversight, critics question the transparency of the trust arrangement managing Trump’s assets.
DT Marks DEFI LLC—Trump’s firm—was allocated 22.5 billion out of the 100 billion total WLFI tokens. Trump reportedly held around 15.75 billion tokens last year, with the project generating an estimated $500 million in revenue for his family.
Despite the vote’s outcome, the White House did not respond to inquiries from Reuters regarding any potential impact on Trump’s financial interests.
The vote attracted 20,900 participants, with nearly all in favor—some backing the move for expected price gains, and others out of loyalty to Trump.
