Trump-Backed WLFI Token Approved for Trading After Governance Vote

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.