Trump-Backed WLFI Token Approved for Trading After Governance Vote

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-07-16 20:03:02

BTCCSquare news:

World Liberty Financial's WLFI token, a DeFi governance asset linked to former U.S. President Donald Trump, has cleared a critical hurdle toward liquidity. Token holders voted overwhelmingly (99%) to unlock trading and peer-to-peer transfers, according to Wednesday's Snapshot vote results.

The decision follows the protocol's $590 million 2023 presale, which attracted notable buyers including TRON founder Justin Sun with a $30 million purchase. WLFI powers governance for a developing DeFi lending platform that also issues the USD1 stablecoin.

A phased unlock plan will release presale tokens gradually, with founder and team allocations remaining locked longest to demonstrate commitment. The move comes as Trump-affiliated crypto projects gain attention during the 2024 election cycle.

By:

Log in to Reply

Political Pressure Mounts Against Fed Chair Powell as Trump Allies Push for Leadership Change

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.