Trump-Linked WLFI Crypto Firm Could Hinder Senate Market Structure Bill

World Liberty Financial, a cryptocurrency company tied to former President Donald Trump, has begun trading under the symbol $WLFI. Legal experts warn its political connections may complicate the passage of the CLARITY Act, a Senate bill designed to establish regulatory frameworks for digital assets.

Jake Chervinsky, a prominent crypto legal analyst, highlights the potential conflict of interest. "World Liberty Financial will make it way harder to get market structure legislation done in the Senate," he stated, noting the challenge of securing seven Democratic votes for any bill perceived to benefit Trump's financial interests.

The controversy stems from Democrats' prior objections to Trump's crypto ventures. Some legislators have already called for amendments preventing the TRUMP family from profiting from cryptocurrency activities, setting the stage for heightened partisan tensions around the market structure bill.