INSUBCONTINENT EXCLUSIVE:
World Liberty Financial (WLFI), a decentralized finance protocol co-founded by US President Donald Trump's family, initiated a community
proposal to make the WLFI governance token transferable and tradable across the crypto ecosystem.The proposal is part of the project's
roadmap to transition to an "open participation" model by allowing the token to trade on secondary markets, including decentralized
exchanges and peer-to-peer networks.Currently, the WLFI token exists in a closed system and cannot trade outside the platform, limiting the
governance pool and price discovery.The WLFI community proposal to make the token transferable
Source: World Liberty FinancialIf the proposal is approved, WLFI tokenholders will be able to vote on token emissions, ecosystem incentives
present a conflict of interest
Sufficiently decentralizing WLFI could relieve some of the Congressional pressure holding up comprehensive regulatory reform.Related:
Trump-backed World Liberty to release stablecoin audit, make WLFI transferableThe Trump family reduced its stake in WLFI by 20% in June,
according to the platform
financial disclosure with the US Office of Government Ethics.In total, Trump reportedly added $620 million to his net worth through his
various crypto projects, including the Official Trump (TRUMP) memecoin, non-fungible token (NFT) sales, an ownership stake in WLFI, and
worth of $6.4 billion, according to Bloomberg.The windfall profits and the highly visible relationship with the crypto industry have led to
