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World Liberty Financiala decentralized financial platform associated with the US President Donald Trump Family, revealed a proposal that would allow its WLFI to do its token to become portable and tradable on the wider crypto market.
The WLFI token, which is currently limited in its own protocol, cannot be traded externally, limiting the discovery of prices and limiting participation in administration. Team initially indicated a new proposal Last month.
The aim of the new proposal is to move the project towards a more open and decentralized model by allowing trading to tokens on secondary markets, such as decentralized exchanges and peer-to-peer platforms.
If the community approves the plan, the WLFI tokens hold the widespread voting powers in key areas, including tokens, ecosystem incentives and the cash register administration.
This initiative comes when Trump’s deep involvement in digital activists continues to draw criticism from democratic legislators who have caused concern about a possible conflict of interest. The WLFI transition to a decentralized structure could alleviate the part of the political pressure currently stopping a comprehensive effort to crypto regulation in Congress.
Trump family recently has reduced his ownership share In World Liberty Financial by 20%, a decline in the initial 75%. The financial publication submitted in June showed that President Trump recorded profits of $ 57 million only from WLFI.
As part of its wider portfolio of digital assets, including the official Trump MEMECOIN, the unprofitable sales of chips and shares in other cryptocurrencies, Trump’s net assets have increased by an estimate of $ 620 million. Digital assets are now about 9% of its total value of $ 6.4 billion.
In June, the Democratic Congressman Adam Schiff presented the coin law in response to the President’s crypto companies. The law is trying to ban the president, executive officials of branch and their immediate families to issue or promote specific cryptocurrencies in the office.
WLFI also performs an independent audit USD1 Stablecoin, which is considered a strong potential to become an important player on the market. USD1 currently has a circulating offer of $ 2.2 billion and has recently been AirDropped on WLFI holders test the distribution on the chain.
