World Liberty Financial (WLFI), a decentralized finance protocol co-founded by US President Donald Trump's family, has initiated a community proposal to enable transferability and trading of its WLFI governance token across secondary markets. Announced on July 4, 2025, this move aims to transition the project from a closed system to an open participation model, allowing trading on decentralized exchanges and peer-to-peer networks.
Currently, WLFI tokens are non-transferable outside the platform, limiting governance participation and price discovery. If approved, tokenholders will gain voting rights on emissions, incentives, and treasury policies. WLFI emphasized this as a historic milestone to broaden community access and align token incentives with protocol adoption.
The development occurs amid political scrutiny. Democratic lawmakers, including Congressman Adam Schiff, introduced the COIN Act in June to restrict presidential crypto promotions, citing conflicts of interest. Notably, the Trump family reduced its WLFI stake by 20% in June via DT Marks DeFi LLC, down from an initial 75%. President Trump reported a $57 million profit from WLFI in June disclosures, with cryptocurrencies comprising 9% of his $6.4 billion net worth.