Trump-backed World Liberty Financial seeks community vote on token mobility

Proposal to make WLFI token transferable could decentralize governance and alleviate regulatory hurdles.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

World Liberty Financial, the decentralized finance platform linked to U.S. President Donald Trump’s family, has unveiled a proposal that would allow its WLFI governance token to become transferable and tradeable across the wider crypto market.

Currently confined within its own protocol, the WLFI token cannot be traded externally, restricting price discovery and limiting participation in governance. The team initially hinted at the new proposal last month.

The new proposal aims to shift the project toward a more open and decentralized model by enabling token trading on secondary markets such as decentralized exchanges and peer-to-peer platforms.

If the community endorses the plan, holders of WLFI tokens will gain expanded voting powers over key areas, including token emissions, ecosystem incentives, and treasury management.

The initiative comes as Trump’s deep involvement in digital assets continues to draw criticism from Democratic lawmakers, who have raised concerns over potential conflicts of interest. Transitioning WLFI to a decentralized structure could ease some of the political pressure currently stalling comprehensive crypto regulation efforts in Congress.

The Trump family recently reduced its ownership stake in World Liberty Financial by 20%, down from an initial 75% holding. Financial disclosures filed in June showed that President Trump had recorded $57 million in profits from WLFI alone.

Across his broader digital asset portfolio, including the Official Trump memecoin, non-fungible token sales, and holdings in other cryptocurrencies, Trump’s net worth has grown by an estimated $620 million. Digital assets now account for about 9% of his total $6.4 billion fortune.

In June, Democratic Congressman Adam Schiff introduced the COIN Act in response to the president’s crypto ventures. The act seeks to prohibit the President, executive branch officials, and their immediate families from issuing or promoting specific cryptocurrencies while in office.

WLFI is also conducting an independent audit of its USD1 stablecoin, which is seen as having strong potential to become a significant player in the market. USD1 currently has a circulating supply of $2.2 billion and was recently airdropped to WLFI holders to test on-chain distribution.

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