Trump's Crypto Token 'World Liberty' Soon To Be Tradeable

US President Donald Trump (photo: x @potus)

JAKARTA - Digital token holders of World Liberty Financial ($WLFI) One of the crypto projects belonging to the family of US President Donald Trump's family has voted in favor so that the token can be traded freely. This move paved the way for buying and selling widely in the crypto market, which has the potential to increase the value of token ownership by Trump and his family.

The $WLFI token was first sold in fall last year, after the launch of a decentralized financial platform (DeFi) by the Trump family with its partners. The platform also released stablecoins, but in early sales, $WLFI cannot be traded yet. The token only gives voting rights to certain changes to projects, such as basic code development.

The main attraction of the $WLFI token, according to early investors, is its affiliation with the Trump name, which it believes will boost token value as support for the former president increases.

By making this token tradeable, the price will be determined by the market. This allows speculation, opening up income opportunities for crypto exchanges that will record it, and attracting wider investors.

However, the extent to which the Trump family will benefit directly from this token trade is not yet clear. However, if the price of tokens goes up, then their ownership value will certainly increase.

In the latest public financial disclosure report, Trump is recorded to hold around 15.75 billion of the total 100 billion tokens. His company, DT Marks DEFI LLC, is scheduled to receive up to 22.5 billion tokens.

According to calculations based on transactions, project provisions, and data from crypto analysis firms, the Trump family is estimated to have grossed around $500 million from the World Liberty project since its launch.

However, this project has sparked criticism from Democrats and ethics experts. Senator Elizabeth Warren and DPR Member Maxine Waters previously sent a letter to the US Securities and Exchange Commission (SEC), saying that Trump's financial holdings in World Liberty Financial created a serious conflict of interest, especially considering that his government is drafting important regulations related to the crypto industry.

Although the SEC has not yet designated $WLFI as a security, which means this token is not subject to strict supervision such as stocks. Many parties think there should be greater transparency, given Trump's position as president who also has direct business interests.

The US government states that Trump's assets have been put into trust managed by his children, and there is no conflict of interest. However, details of the trust have not been released, and his status as a sole beneficiary allows Trump to withdraw the profits at any time, or no later than his term ends.

The proposal for making tokens trading, posted on the World Liberty website on July 9, was approved by 99.94% of the approximately 20,900 votes. Many token holders say they support this move in hopes that token value will increase or as a form of support for Trump.

"We invest in getting rich," wrote one wallet owner. To make America great again, wrote another.

A token buyer from Milan named Paolo said that he bought 95,000 tokens of $WLFI for about US $ 5,000, and intended to hold it until the price reached 12 US dollars. Then I will buy it again when the price drops," he said. VOI from Reuters.

However, the execution time of token trading and its eligibility requirements will be announced in the future. Tokens belonging to other founding, advisory, and internal teams will not be directly traded and will follow the gradual schedule of opening an access (unlock schedule').

"An additional detail will be announced soon," said World Liberty spokesman. On its official website, the project states that the trading of $WLFI tokens is an important step towards a more open, transparent, and powerful financial system.