The new proposal aims to shift the project toward a more open and decentralized model by enabling token trading on secondary markets such as decentralized exchanges and peer-to-peer platforms.
If the community endorses the plan, holders of WLFI tokens will gain expanded voting powers over key areas, including token emissions, ecosystem incentives, and treasury management.
The initiative comes as Trump’s deep involvement in digital assets continues to draw criticism from Democratic lawmakers, who have raised concerns over potential conflicts of interest. Transitioning WLFI to a decentralized structure could ease some of the political pressure currently stalling comprehensive crypto regulation efforts in Congress.
Across his broader digital asset portfolio, including the Official Trump memecoin, non-fungible token sales, and holdings in other cryptocurrencies, Trump’s net worth has grown by an estimated $620 million. Digital assets now account for about 9% of his total $6.4 billion fortune.
In June, Democratic Congressman Adam Schiff introduced the COIN Act in response to the president’s crypto ventures. The act seeks to prohibit the President, executive branch officials, and their immediate families from issuing or promoting specific cryptocurrencies while in office.
