- WLFI token holders approved a 99.94% vote to unlock a portion of tokens for trading, enabling broader market participation.
- The unlock could raise the Trump family’s crypto wealth but has drawn criticism over ethical conflicts as U.S. crypto regulation evolves.
What happened: World Liberty’s $WLFI token set to become tradable after 99.9% vote
Token holders of World Liberty Financial—a crypto platform linked to the Trump family—voted overwhelmingly (99.94% approval) to unlock its governance token, $WLFI, for public trading. The vote, held on 9 July with over 20,000 participants, transitions $WLFI from a closed governance asset to a tradable token. Traders will initially access unlocks of early‑supporter tokens, with further stages for founders and advisors pending a separate vote.
Also read: Robinhood promotes crypto arm at Cannes Lions event
Also read: Trump reports $57M crypto windfall from World Liberty Financial
Why it’s important
Unlocking $WLFI paves the way for market‑based pricing, higher liquidity, and increased speculation—potentially boosting the value of Trump family holdings, which include around 15.8 billion tokens. Critics—particularly Democratic lawmakers and ethics experts—warn of conflicts of interest, given the Trump administration’s role in shaping U.S. crypto policy while the family benefits directly from token sales.
This unlock also follows a series of crypto ventures by the Trump family—including the $TRUMP meme coin—and raises questions about transparency, regulatory oversight, and ethical boundaries in the intersection of politics and crypto.
