Trump-Backed World Liberty Financial Prepares Major Crypto Developments
World Liberty Financial, a cryptocurrency initiative supported by former U.S. President Donald Trump, is preparing two significant updates. The company will release its first stablecoin audit and may enable transfers of its WLFI governance token. These changes could substantially impact the project’s trajectory.
Upcoming Stablecoin Audit and WLFI Changes
Co-founder Zak Folkman revealed details at the Permissionless conference in Brooklyn. An accounting firm completed the stablecoin’s attestation report, which will be published on the company website shortly. Folkman also indicated the WLFI token, currently non-transferable with voting rights, may soon become transferable due to community demand.
New App Aims to Simplify Crypto Access
The company is developing a user-friendly application to make cryptocurrency more accessible to retail users. This strategic move comes as political campaigns intensify ahead of election season.
Mixed Community Response to WLFI Changes
Reactions to the potential WLFI transferability have varied. While some community members welcome the change, others expressed skepticism about motivations. Notable investors including Tron founder Justin Sun and Web3Port have demonstrated confidence through substantial investments.
Trump’s Substantial Financial Involvement
Financial disclosures show Donald Trump earned $57.4 million from World Liberty Financial and holds over 15 billion governance tokens. This high-profile backing underscores the project’s ambitious position in the cryptocurrency market.
