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The World Liberty Financial (WLFI), a decentralized financial protocol co -founded by the US President Donald Trump, launched a community proposal to make the WLFi -transmitable and trade token to the ecosystem.
The proposal It is part of the project plan to move to the model of “open participation” by allowing the token to trade in secondary markets, including decentralized exchanges and a Peer-to-peer network.
Currently, the WLFI token exists in a closed system and cannot trade outside the platform, limiting the management and discovery fund.
If the proposal is approved, they will be able to vote on token emissions, ecosystem incentives and the cash register policy.
Other crypto companies WLFI and Trump attracted control from democratic legislators, some of whom say his crypt’s ties Introduce a conflict of interest. Sufficiently decentralizing WLFI could alleviate part of the congress pressure that would hold a comprehensive regulatory reform.
Related: World freedom supported by trumps to release an audit of stablecoin to be WLFI portable
Trump Family reduces the WLFI share because the US President records unexpected profits
Trump family reduced his share in WLFI According to the platform by 20% in June. DT refers to the LLC Defic, an entity that manages the investment of the family in WLFI, initially had a 75% share in the company. LLC families have reduced its share in the platform since December.
The President reported a Profit of $ 57 million From WLFI in financial value of June Disclosure with the American Office of the Ethics of the Government.
https://www.youtube.com/watch?v=Sumyysrjvzm
In total, Trump reportedly added $ 620 million to its net assets through various projects of projects, including the official Trump (TRUMP) MEMECOIN, non -entered token (NFT) Sales, ownership share in WLFi and capital evaluation of other digital assets held in its portfolio.
Cryptocurrencies represent approximately 9% of the net assets of the President of $ 6.4 billion, according to Bloomberg.
The profits of unexpected and highly visible relationship with the cryptom industry have led to the proposed legislation focused on limiting the President’s involvement in this industry.
Democratic Congressman Adam Schiff introduced Restrictions of the Income and Nendinal Act (Coin) In June, which would limit the President, immediate family members and officials in the executive branch before issuing or supporting specific cryptocurrencies.
Magazine: Trump-Biden Bet has led to the obsession of “idiotic” nfts–patroupyum, collector NFT
