World Liberty Financial proposes shift to open governance system
World Liberty Financial (WLFI) has initiated a proposal to transition its governance token to be transferable and tradable within the broader crypto ecosystem. This change aims to move from a closed governance model to a decentralized finance-oriented framework. Currently, the WLFI token operates in a closed environment, restricting trading outside its platform, which limits governance participation and price discovery. If the proposal passes, WLFI token holders will gain voting rights on critical aspects such as token emissions and treasury policies. The initiative could alleviate some regulatory scrutiny faced by WLFI and its ties to the Trump family, who recently reduced their stake in the project. The family’s involvement in WLFI and other crypto ventures has been the subject of scrutiny, prompting legislative proposals to restrict the president and his family from engaging in certain cryptocurrencies. This pivotal move represents both a strategic expansion for WLFI and a necessary adjustment amid mounting regulatory pressures.
Source 🔗