World Liberty Financial (WLF), the digital asset platform backed by President Donald Trump and his sons, is nearing the approval of a proposal to make its governance token WLFI tradable.
Vote on Potential WLFI Trading
World Liberty Financial has opened voting on a proposal to make its governance token WLFI available for trading. Over 99% of participants have supported this proposal ahead of the July 16 deadline. This proposal could lead to historic changes in the World Liberty ecosystem, allowing users to trade the token freely on secondary markets.
Criticism and Political Aspects of World Liberty Financial
Nonetheless, the platform faces criticism over potential conflicts of interest. Ethics watchdogs express concerns that President Trump may use his political position to gain advantages in cryptocurrency regulation. Trump reported an income of $57.4 million from World Liberty, with his stake in the company currently standing at about 40%.
Justin Sun's Investment in TRUMP Token
Meanwhile, Tron co-founder Justin Sun has announced a $100 million investment in the TRUMP meme token, which will be launched on the Tron blockchain. This move strengthens the partnership between Tron and Trump-aligned initiatives. Sun was also seen at an event featuring Trump, where he became the largest holder of TRUMP tokens on Solana.
The outcome of the WLFI voting has the potential to significantly impact the cryptocurrency industry and the political arena, while Justin Sun's investments highlight the ongoing merging of cryptocurrencies and politics.
