DeFI News by Thebittimes.Com

World Liberty Financial (WLFI), the crypto project backed by US President Donald Trump and his family, will make its governance token tradable following an investor vote. The crypto will be tradable through secondary markets and peer-to-peer transactions, opening it up to market forces. That’s after a proposal received an “overwhelming” 99.94% vote in favor of unlocking the tokens, which, up until now, were only available in a closed network. Investors will also be able to participate in WLFI’s governance decisions, such as emissions, ecosystem incentives and future treasury actions. Early WLFI Investor Tokens Will Be Prioritized In Staged Unlocks The move to unlock tokens is part of a push to enable “open participation” within the WLFI ecosystem, the team said.  Not all of the WLFI tokens will be unlocked initially. In the original proposal, the team said only a “portion” of the tokens that were sold to early investors will ...

The Trump family has quietly decreased its stake in the crypto platform World Liberty Financial (WLF) amid growing scrutiny of the Trumps’ crypto involvement. According to the June 19 report by Forbes, DT Marks DeFi LLC, an umbrella company that is controlled by the Trumps, held a 75% stake in WLF as of December 2024.  But WLF’s website said the company owned “approximately 60%” as of January. Then, the stake was reduced to 40% at some point after June 8, the report said.  It’s unclear whether the move was profitable for the Trump family. An Analysis by Forbes suggested the proceeds from this sale could amount to millions of dollars. World Liberty Financial Starts Issuing Stablecoin As GENIUS Act Progresses The Trump family is active in numerous crypto ventures. Most recently, their WLF company started issuing its USD1 stablecoin, a crypto pegged 1:1 to the US Dollar. This is as the landmark GENIUS Act progresses through the legislative p...