World Liberty Financial, a cryptocurrency company supported by former US President Donald Trump and his sons, has initiated a voting process to potentially make their governance token tradable. The proposal had amassed over 99% approval from its user base by Wednesday. Voting is set to conclude on July 16.
If the proposal is greenlit, a substantial amount of World Liberty Financial tokens (WLFI) could be unlocked. However, tokens held by the founders, team members, and advisors – including those owned by the Trump family – would not immediately go into circulation for trading.
“This represents a significant landmark in the growth of the World Liberty Financial ecosystem. It will facilitate greater community involvement and access, and foster protocol advancement,” the proposal stated.
The cryptocurrency venture was initiated in 2024 by Donald Trump and his sons Barron, Donald Jr., and Eric, along with co-founders Chase Herro and Zak Folkman. The Trump family’s involvement in World Liberty and other crypto initiatives has generated controversy as the former president seeks to implement policies related to digital assets.
According to Bloomberg, Trump’s personal portfolio saw a surge of at least $620 million in just a few months, attributed to his investments in the crypto sector, including World Liberty. Trump reported an income of $57.4 million from the crypto business in June, holding 15.75 billion governance tokens.
However, reports suggest that the Trump family has been gradually reducing its stake in World Liberty since December 2024, owning 40% of the company as of June. By the time of reporting, approximately five billion votes had been cast by WLFI token holders, with the majority favoring making the token tradable.
