99% of World Liberty Financial Holders Support Public Trading of WLFI Token

World Liberty Financial, a decentralized finance platform closely linked to U.S. President Donald Trump and his family, is set to allow trading of its governance token, following a near-unanimous community vote which concluded on Wednesday.

Almost All World Liberty Financial Holders Agreed

Roughly 99.94% of over 20,000 votes cast supported the proposal to make the $WLFI token transferable and tradable on secondary markets. It marks a major shift for the protocol, which initially sold the tokens in a $590 million presale last year but restricted holders from buying, selling, or transferring them.

WLFI is building a DeFi lending and borrowing system and also issues a stablecoin, USD1. The $WLFI token grants holders voting rights on platform decisions and governance. However, these tokens have remained locked since their initial distribution. According to the newly approved proposal, the firm will unlock some presale tokens when trading begins, with a second vote planned to determine the release of the remaining portion. Tokens held by founders and advisors will remain locked for a longer period to reflect a long-term commitment.

Market and Investors’ Reactions 

Investors have shown strong interest in WLFI due to its direct ties to Trump, whose company, DT Marks DEFI LLC, was allocated 22.5 billion of the total 100 billion tokens. According to financial disclosure filings, the president held approximately 15.75 billion WLFI tokens by the end of last year. Reports estimate the Trump family has already earned around $500 million from the venture.

This move to enable trading could impact the token’s market value and benefit holders, including Trump, if prices rise. WLFI has yet to announce the specific timeline for the trading launch and final eligibility criteria for unlocking tokens.

Tron founder Justin Sun was among high-profile participants in the presale, investing $30 million. With trading set to open, broader interest from crypto investors and exchanges may pour in. Some backers cited patriotism and the potential for profit as reasons for their support. “We invested to get rich,” one voter posted. Another wrote, “To make America great again.”

Despite the enthusiasm, the project has sparked ethical concerns. Democratic lawmakers, including Senator Elizabeth Warren and Representative Maxine Waters, have raised concerns about potential conflicts of interest, given Trump’s influential role in shaping cryptocurrency regulation. Ethics experts argue that the president’s deep involvement in the crypto space while in office could lead to regulatory bias or misuse of power.

In addition, the White House stated Trump’s assets are held in a trust managed by his children, dismissing claims of conflict. However, critics remain wary as the full terms of the trust remain undisclosed. For now, WLFI’s supporters await the trading launch, hopeful for gains and further development of the Trump-backed crypto venture.