World Liberty Financial (WLFI), a decentralized financial protocol established by US President’s family Donald Trump, has introduced a community proposal to make the WLFI management token shifts to the WLFI management and tradable throughout the crypto ecosystems.
The proposal is part of the project’s roadmap to move to an “open participation” model by allowing the token to trade in the second market, including decentralized exchanges and peer-to-peer networks.
Currently, the WLFI token exists in a closed system and cannot trade outside the platform, limiting pool management and price detection.
If the proposal is approved, WLFI tokenholders may vote on releasing tokens, ecosystem incentives and ark policy.
The other adventures of WLFI and Trump show a conflict of interest. Adequate WLFI decentralization may relieve some of Congress’s pressure that holds comprehensive regulatory reform.
Related: Trump-Back World Liberty to release Stablecoin Audit, make WLFI to be transferred
Trump’s family cut the stake to WLFI as US president records windfall revenues
The Trump family Reduced its stake to wlfi By 20% in June, according to the platform. The DT Marks Defi LLC, the creature in charge of family investment in WLFI, initially has a 75% stake in the company. Family LLC has reduced its stake on the platform since December.
Reported by the president a $ 57 million income from WLFI to a financial June Disclosure with the US Office of Government Ethics.
https://www.youtube.com/watch?v=sumyysrjvzm
In total, Trump has reportedly added $ 620 million In his net worth through his various crypto projects, including Trump’s official sales (Trump), uninterrupted token sales (NFT), a stake of ownership of WLFI, and capital appreciation of other digital properties held in his portfolio.
Cryptocurrencies cost more than 9% of the net worth $ 6.4 billion, according to Bloomberg.
Windfall revenue and the highly visible relationship with the crypto industry have led to the proposed law aimed at limiting the President’s involvement in the industry.
Democratic Congressman Adam Schiff has introduced the Curbing Officials’ Income and Nondisclosure (COIN) Act In June, limiting the President, urgent family members and executive branch officials from the release or promoting of specific cryptocurrencies.
Magazine: Trump -Biden’s bet led to an obsession with ‘idiotic’ NFTS -BatSoupyum, NFT collector
