Cryptopolitan 2025-07-05 06:08:29

WLFI started a vote on Independence Day to make the $WLFI token tradable.

World Liberty Financial (WLFI) introduced a community vote to decide whether its governance token, WLFI, should be transferable and tradable across crypto networks. In pursuit of an ‘open participation’ model, the company is working to make its token tradable on decentralized exchanges and P2P platforms. WLFI says tokenholders can vote on token rewards if the proposal is approved In a Friday X post, WLFI stated it was making history by initiating a proposal to enable $WLFI token trading on Independence Day . The firm frames the launch as a nod to the holiday’s spirit of liberty and innovation. It even commented, “Crypto is coming home — and there’s no better day to let freedom ring.” The platform is optimistic that if the proposal is approved, it will help expand token utility, strengthen community ownership and participation, and better align long-term incentives with the protocol’s growth and adoption. Moreover, once the proposal is greenlit, tokenholders will be able to vote on matters such as token emissions, ecosystem rewards, and treasury management. WLFI also confirmed that once the ability to trade starts, it will trigger the partial unlock of tokens held by early supporters. The rest of the token supply will remain locked pending a second vote by the community to establish the release framework. Tokens belonging to founders, team members, and advisors will not unlock at this stage and will follow a more extended vesting schedule to show their commitment to the protocol’s long-term vision. Lawmakers are still concerned about Trump’s conflicts of interest, with his WLFI ties Democratic lawmakers remain wary of WLFI due to concerns over Donald Trump’s potential conflicts of interest . Although Trump claims to have cut ties with the company, his family still holds a significant stake, and he recently disclosed earning approximately $57.4 million from his involvement with the platform. In June, Trump’s family reduced their stake in the company by 20% and has been cutting off its stake since December. However, lawmakers still feel uneasy about their remaining ties. Aside from WLFI, Trump has been involved in several other crypto projects, such as the launch of his memecoin and NFT sales, from which he’s amassed over $620 million. Bloomberg even reported that crypto makes up 9% of his net worth. Last month, Representative Adam Schiff introduced the Curbing Officials’ Income and Nondisclosure(COIN) Act. This bill would bar the president, immediate family members, and executive branch officials from being involved in issuing or promoting specific digital assets if passed. WLFI collaborated with Re7 Capital for its USD1 stablecoin vault WLFI recently partnered with London’s Re7 labs to launch its USD1 stablecoin vault on Euler and Lista. No financial terms of their agreement have yet to be revealed. Evgeny Gokhberg, founder of Re7 Capital, gave a statement on their partnership, “Working alongside World Liberty, Euler, and BNB Chain, we’re advancing a model for stablecoin adoption that meets the expectations of both crypto-native and institutional users.” He added that their collaboration shows their commitment to developing DeFi infrastructure and their priority to maintaining stability, transparency, and crypto efficiency in the industry. Additionally, the United Arab Emirates-based Aqua 1 Foundation acquired $100 million worth of World Liberty tokens, becoming the second Middle Eastern entity to invest in the platform. In May, MGX, a technology investment firm, also used World Liberty’s USD1 stablecoin to facilitate its $2 billion investment in Binance. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot