World Liberty Financial (WLFI) has initiated a proposal to transition its governance token from a closed system to a more open and decentralized financial model. This change aims to facilitate the trading of WLFI tokens on secondary markets, including decentralized exchanges and peer-to-peer networks. Currently, the tokens are restricted to the platform, which hampers governance participation and price discovery. If approved, token holders will have the ability to vote on issues regarding token emissions, ecosystem incentives, and treasury policy. The proposal comes amid scrutiny from lawmakers over the Trump family's involvement in crypto ventures. In June, the Trump family reduced its stake in WLFI by 20%, shifting from an initial 75% to allow for further decentralization. Reports suggest that cryptocurrencies contribute to about 9% of the President's total net worth of $6.4 billion. This visible association with the crypto industry has prompted legislation aimed at regulating the President's involvement with cryptocurrencies.

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