World Liberty Financial, the Crypto company supported by US president Donald Trump and his sons, has opened a proposal for voting to make the platform management token trade token.
As Wednesday, a proposal To do the World Liberty Financial Token (WLFI) trade (WLFI) received more than 99% support from users, with voting set to end on July 16. If approved, the plan could open significant amounts of WLFI tokens, even though it said that “founders, teams, and advisers” – seemed available for trading.
“It will be marked by a major milestone in the development of the World Liberty Financial Ecosystem and opens the door for greater community participation, accessing, and development of protocol,” the proposal said.
The crypto business was launched in 2024 by Trump, his children Barron, Donald Trump Jr. and Eric, and co-founders Chase Herro and Zak Folkman. World Liberty, as well as Trump’s other adventures, are in the midst of controversies surrounding the president as he tries to make policies related to digital ownership.
Related: Trump-Back World Liberty to release Stablecoin Audit, make WLFI to be transferred
According to reporting from Bloomberg, the President Added at least $ 620 million In his personal portfolio for a few months because of his investment in the crypto industry, including through world freedom. In June, Trump Announced $ 57.4 million In revenue from the crypto business, which personally holds 15.75 billion management tokens.
However, the Trump family has already reported reduces its stake In World Liberty since December 2024, holding 40% of the company in June. WLFI’s tokenholders are approximately five billion votes at the time of publication, with predominantly favorable to make the token traded.
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World Liberty Stablecoin under the exam as considered by the United States Congress
Beginning Monday, the Republican leadership in the US House of Representative hopes to address three pieces of crypto -related law. Among the bills are the guide and establishment of national changes for the US Stablecoins, or the Genius Act, which aims to repair stablecoins on US payment.
The Genius Act previously faced Pushback from some Democratic lawmakers in the Senate about Trump’s connections to World Liberty and the company’s USD1 Stablecoin. Eric Trump announced in May That a company based in Abu Dhabi will use Stablecoin to resolve a $ 2 billion investment in Binance. The room later passed the bill after a second vote in June.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
