Trump Family-Backed Business Votes to Make Governance Token Tradable, Unlocking Potential

World Liberty Financial, backed by US President Donald Trump and his sons, proposed making the platform’s governance token tradable. The proposal received over 99% support from users, with voting ending on July 16. The plan could unlock significant amounts of WLFI tokens, excluding tokens held by Trump and his family.

Trump and his sons, along with co-founders, launched World Liberty in 2024. The president reportedly added $620 million to his portfolio through crypto investments, including in World Liberty. Despite this, the Trump family has been reducing its stake in the company since December 2024. WLFI tokenholders have cast roughly five billion votes, mostly in favor of making the token tradable.

US Congress is set to address three crypto-related bills, including the GENIUS Act, regulating stablecoins. The Act faced pushback over Trump’s ties to World Liberty and its USD1 stablecoin. Eric Trump announced in May that an Abu Dhabi-based company would use the stablecoin for a $2 billion investment in Binance. The bill passed after a second vote in June.

Read more at Cointelegraph: Trump Family-Backed Business Votes On Making Governance Token Tradable