The World Liberty Financial project, backed by Donald Trump, has received community approval to enable token trading, marking an important milestone in its development.
Approval for Token Trading
World Liberty Financial (WLFI) gained 99.94% of votes in favor of unlocking governance tokens for trading. This enables peer-to-peer transfers and secondary market participation. The WLFI team stated, "This proposal is the first step in handing greater influence to the community."
Phased Token Unlock
Despite overwhelming support for trading, the WLFI team clarified that the token unlock will occur in phases. According to an official post, only a portion of tokens sold during earlier fundraising will initially be eligible for trading. The team also noted that founder and advisor tokens will remain locked for the foreseeable future.
Future of WLFI and Its Regulation
With the transition to open trading, WLFI expects to attract attention from various investment funds and political donors. Analysts suggest it may serve as a testing ground for broader crypto-political integration. However, close ties to politics may draw regulators' interest, given potential jurisdictional complexities with the SEC and FEC.
The transformation of WLFI from a closed fundraising asset to a potentially tradable token highlights the growing intertwining of cryptocurrencies and politics, and the project's next steps will be closely monitored for sustainability, community engagement, and regulatory responses.
