Trump Family-Backed Crypto Firm Votes to Make WLFI Token Tradable
World Liberty Financial, a cryptocurrency firm backed by US President Donald Trump and his sons, has proposed a plan to make its governance token (WLFI) tradable. Voting on the proposal started on Wednesday, with more than 99% of the token holders voting in favor at press time.
Proposal Details
The proposal, which was largely approved, will enable the WLFI token holders to trade their tokens on a multitude of exchanges. The voting process will conclude on July 16 and might realize an enormous liquidity unlocked. The proposal does state, however, that “founders, team, and advisor tokens” — which likely encompass those owned by Trump and his family members — will not be immediately tradable.
“This would represent a significant step in the evolution of the World Liberty Financial ecosystem and opens the way for greater community involvement, access, and protocol development,” the proposal said.
Background of World Liberty Financial
World Liberty Financial began operations in 2024. It was started by Donald Trump, his sons Barron, Donald Trump Jr., Eric Trump, and cryptocurrency entrepreneurs Chase Herro and Zak Folkman. The organization has been plagued by controversy, particularly regarding the association of President Trump with digital currencies.
Trump’s investments, including that in World Liberty, have been reported to have caused an explosive increase in his personal portfolio, with more than $620 million being added in a matter of months. Trump has reported $57.4 million in income from his crypto ventures, including 15.75 billion WLFI tokens.
Trump Family Reduces Stake
The Trump family has been gradually reducing its stake in World Liberty since December 2024. The family is reported to hold 40% of the company as of June 2025. Token holders had already voted nearly five billion times at the time of voting, with the vast majority of them being in favor of making WLFI tradable.
Stablecoin Legislation and Scrutiny
Amidst the token vote, World Liberty’s stablecoin is under the limelight as US lawmakers consider new cryptocurrency regulations. The GENIUS Act, a bill to regulate stablecoins, is being considered by the US House of Representatives. The act has been criticized due to Trump’s association with World Liberty, especially concerning the company’s USD1 stablecoin.
In May, Eric Trump claimed that an Abu Dhabi-based company would use the USD1 stablecoin to invest $2 billion in Binance. The bill was enacted after a second vote in June.
