World Liberty Financial (WLFI), the cryptocurrency project supported by US President Donald Trump, has until now been a platform accessible only to "accredited investors." However, this changed after Wednesday's vote. Now, ordinary users can also purchase the WLFI token from exchanges.
This Ethereum-based project aims to operate in the decentralized finance (DeFi) space. Essentially, it aims to offer services such as borrowing and lending with cryptocurrency. WLFI is defined as the native governance token of this ecosystem. This means token holders can vote on decisions regarding the platform's future. The token can also be bought and sold on exchanges, just like other cryptocurrencies.
According to a statement published on World Liberty Financial's website, this vote is considered "a significant milestone in the project's development." The statement stated, "Due to the strong demand from community members and our business partners, we believe the time is right for WLFI to become tradable and to begin a new era of participation." While it hasn't yet been announced which cryptocurrency exchanges it will be traded on, official sources for the project indicate that the token will be available soon. Some of these tokens, previously available only to large investors, are now being unlocked. Others will be subject to longer-term unlock schedules.
Trump Directly Involved in the WLFI Project
Another element that makes the project noteworthy is the Trump family's direct involvement in the project. WLFI was first announced in 2024 by Donald Trump's son, Eric Trump. The project's founders include veterans in the DeFi field such as Chase Herro and Zak Folkman, as well as the Trump and Witkoff families.
However, the project's political connections have sparked some controversy in Washington. Some Democratic lawmakers, in particular, argue that this initiative, launched after Trump's term, poses a serious ethical conflict of interest. The Trump family's millions of dollars in revenue from token sales is a key argument in these criticisms. Indeed, in a recent financial disclosure, it was revealed that Donald Trump had made a whopping $57.3 million in profits from token sales in the project. Additionally, TRON founder Justin Sun stated that he would receive $100 million in TRUMP coins. To date, he has purchased $26.4 million in coins.
World Liberty Financial has not yet officially launched. The launch date for crypto lending and borrowing services remains unclear. However, the public launch of the WLFI token may signal an acceleration of this process.
