World Liberty Governance Vote Gains Support While TRON Backs TRUMP Token

World Liberty Financial, the digital asset platform backed by President Donald Trump and his sons, is nearing the approval of a community vote to make its governance token WLFI tradable, with more than 99% of voters in favor ahead of the July 16 deadline. In a parallel development, Tron founder Justin Sun has committed $100 million to Trump’s TRUMP meme coin and is facilitating its launch on the Tron blockchain, further tightening the ties between the Tron network and Trump-aligned crypto initiatives. Trump-Backed World Liberty Financial Nears Key Milestone as Community Backs Proposal to Make WLFI Token Tradable In a decisive move that could reshape the political and economic dynamics of the crypto industry, World Liberty Financial (WLF) — the controversial digital asset platform backed by President Donald Trump and his sons — has opened voting on a pivotal proposal to make its governance token, WLFI, tradable. The proposal had received over 99% support from community members, positioning the platform for a historic transformation if the vote passes before its July 16 deadline. The initiative marks a significant shift in the evolution of the World Liberty ecosystem, aiming to unlock wider participation in the protocol by allowing users to freely trade the WLFI token on secondary markets. However, the proposal clarifies that “founders, team, and advisor tokens” — which include the substantial holdings of Trump and his family — will remain locked for the time being, likely in an effort to mitigate criticism surrounding potential insider advantage or manipulation. “This would mark a major milestone in the development of the World Liberty Financial ecosystem and opens the door for broader community participation, access, and protocol development,” the official proposal states. Founded in 2024, World Liberty Financial quickly became one of the most high-profile projects in the crypto space, not least due to the direct involvement of President Trump and his sons — Donald Trump Jr., Eric Trump, and Barron Trump — alongside co-founders Chase Herro and Zak Folkman. The platform’s mission has been to create a decentralized financial infrastructure rooted in American exceptionalism and “freedom-centric” values. However, its rapid growth has come with intense scrutiny. The president’s active participation in crypto — particularly through World Liberty — has raised red flags among ethics watchdogs and political opponents. Critics argue that Trump is using his political position to drive regulatory outcomes favorable to his own investments, a charge he and his allies have denied. According to Bloomberg, the president’s crypto ventures have added at least $620 million to his personal portfolio in the past several months. In June, Trump reported $57.4 million in income from World Liberty alone and disclosed personal holdings of over 15.75 billion WLFI tokens. Despite this, the Trump family has reportedly been reducing its stake in the company, which currently stands at 40% as of June 2025, down from a majority position in late 2024. WLFI Trading Vote: What It Means for Token Holders Tokenholders have already cast more than five billion votes, with the overwhelming majority in favor of enabling trading for WLFI. If passed, the proposal could immediately enhance the utility and liquidity of the token, potentially making it a centerpiece in the burgeoning ecosystem that includes decentralized apps, a stablecoin (USD1), and governance protocols. Still, concerns linger about centralization and insider control. While the proposal maintains that Trump family-held tokens will remain non-tradable for now, questions remain about how future governance decisions will be shaped, especially as Trump’s political influence continues to intersect with crypto regulation. The move to make WLFI tradable comes at a politically sensitive moment. Starting this week, Republican lawmakers in the US House of Representatives are expected to advance three major crypto-related bills, including the much-debated GENIUS Act — short for Guiding and Establishing National Innovation for US Stablecoins. The legislation aims to create a comprehensive regulatory framework for payment stablecoins in the US. The bill initially stalled in the Senate due to concerns over Trump’s ties to World Liberty and its USD1 stablecoin, which has been positioned as a potential US dollar-backed competitor to USDC and USDT. The controversy was reignited in May, when Eric Trump announced that an Abu Dhabi-based investment group would use USD1 to settle a $2 billion investment in Binance. Despite Democratic opposition, the bill eventually passed after a second Senate vote in June, aided by shifting alliances and lobbying from pro-crypto groups within the Republican Party. Future Outlook: Trading Approval Could Set Off Ripple Effects If the WLFI proposal is approved as expected, it would mark a turning point not only for World Liberty Financial but also for the broader relationship between US politics and digital assets. With the president and his family still holding massive influence in both realms, any development within the WLFI ecosystem is likely to have political reverberations — particularly as Trump eyes a second term and deepens his pro-crypto policy agenda. Analysts say the token becoming tradable could lead to a surge in market speculation, increased institutional interest, and deeper integration of WLFI into DeFi protocols. However, others warn of potential volatility and manipulation risks if governance mechanisms aren’t further decentralized in tandem. With voting scheduled to conclude on July 16, all eyes are now on the WLFI community and the broader crypto market’s reaction. If approved, the tradability of the token could trigger a new phase of market engagement — and raise fresh questions about how political figures should navigate their dual roles as policymakers and market participants. Justin Sun Commits $100 Million to Trump Meme Coin as Tron-TRUMP Alliance Deepens In related news, the world of crypto and politics continues to intertwine as Tron founder Justin Sun announced a staggering $100 million investment in President Donald Trump’s TRUMP meme coin, signaling a bold new phase in the alliance between two of the most controversial figures in their respective domains. The announcement came just two days after Tron DAO confirmed that the Solana-born meme coin would be launching on the Tron blockchain, further strengthening the partnership between Sun’s Tron ecosystem and Trump’s growing influence in digital assets. Sun and Trump: From Memes to Millions Sun’s backing of the TRUMP token isn’t new—but the size of his commitment and the growing list of personal and financial ties to Trump’s ecosystem mark a striking evolution in the relationship. Earlier this year, Sun was spotted at a VIP gala dinner hosted by President Trump, where he was reportedly the largest individual holder of TRUMP tokens, with $19 million worth of the meme coin on Solana, according to CNBC . Now, with the token expanding to Tron and a nine-figure investment on the table, Sun appears to be doubling down on Trump-aligned crypto initiatives that have captivated MAGA-aligned traders and retail investors alike. Sun’s relationship with Trump’s crypto empire predates this week’s $100 million commitment. In late 2024, shortly after Trump’s re-election, Sun invested $30 million into World Liberty Financial (WLF). By early 2025, Sun had increased that stake to $75 million, later accepting a formal advisory role at World Liberty. The project, which runs a USD-backed stablecoin and governance token (WLFI), has quickly become a flagship for crypto-leaning nationalists and decentralization advocates. In a twist that speaks to the strength of the alliance, World Liberty also made a reciprocal investment in Sun’s own project, purchasing millions of dollars worth of TRX tokens in January 2025. The circular funding model suggests a shared interest in building parallel crypto financial infrastructure that operates outside the confines of traditional systems—and increasingly outside the reach of politically adversarial regulators. A Calculated Political Bet Amid Legal Turmoil While Sun’s aggressive support for Trump’s crypto ventures may appear to be purely strategic or ideological, there may also be legal incentives at play. In March 2023, the US Securities and Exchange Commission (SEC) filed charges against Sun and three of his companies—including Tron Foundation Limited—for allegedly offering and selling TRX and BitTorrent Token (BTT) through unregistered bounty programs that allegedly violated securities laws. But the regulatory landscape has shifted dramatically under the Trump administration. The SEC, now headed by Paul Atkins, has softened its stance on many crypto-related cases—particularly those involving key figures or projects aligned with the current political leadership. This week, a joint “motion to stay” was filed in the US District Court for the Southern District of New York by lawyers representing both Sun and the SEC. The motion signals that negotiations may be underway to settle or delay further action in the case—potentially paving the way for Sun’s full return to the US crypto scene. Ecosystem Expansion: TRUMP Moves to Tron The expansion of the TRUMP meme coin to Tron’s blockchain marks a critical step in its evolution beyond a viral meme. With the Tron network’s low transaction costs and high throughput, the move is expected to facilitate broader retail adoption and enable smart contract integrations for DeFi use cases, NFTs, and more. The official X account for the meme coin, @GetTrumpMemes, confirmed the launch with a celebratory post praising the move as a “natural progression” for a token that began as a cultural movement but has now drawn attention from crypto whales and political elites alike.

Source: Coinpaper