Holders of the World Liberty Financial (WLFI) token have voted to unlock their assets, allowing for public trading and increasing regulatory interest.
Voting Results for WLFI Token Unlock
The vote conducted on July 9 concluded with a significant success rate of 99.94% in favor. Initially, only tokens sold to early backers will be tradable, while the remainder of the 100 billion tokens will be decided through future voting on the release schedule.
Connections Between WLFI and Trump
The WLFI token has deep ties to Donald Trump, with his three sons listed as advisors to the protocol. Steve Witkoff, a longtime Trump ally and U.S. special envoy to the Middle East, is also involved in the project. In October, World Liberty disclosed that a Trump-linked entity, DT Marks DEFI LLC, would receive 22.5 billion tokens.
Political Reactions to WLFI Movement
The unlocking of WLFI has already attracted political criticism. Democrats, including Senator Elizabeth Warren and Representative Maxine Waters, have raised alarms over what they call a conflict of interest between Trump's policy influence and his financial ties to crypto projects. Waters' office expressed concerns about the purpose of the $TRUMP memecoin.
The unlocking of the WLFI token could lead to significant changes in trading and create new challenges for lawmakers in the context of the evolving cryptocurrency industry.
