news 
Title: Trump’s World Liberty Financial Wants to Enable WLFI Trading on Wall Street
In a move that could significantly impact the cryptocurrency market, Trump’s World Liberty Financial (WLFI) has proposed lifting restrictions that would enable its governance token, WLFI, for public trading. This bold step would allow investors and traders worldwide to buy, sell, and exchange the token on established exchanges.
The plan aims to open up access to new buyers and facilitate capital raising for further product development. The Trump family’s strong influence in the crypto space, fueled by their early backers like TRON founder Justin Sun and DWF Labs, could lead to significant market changes if WLFI is able to secure public trading approval.
A major factor behind this proposal is the need to unlock liquidity for early investors who are holding onto their tokens. If approved, WLFI’s governance token would follow in the footsteps of other decentralized finance (DeFi) protocols like Uniswap’s UNI and MakerDAO’s MKR, which have successfully transitioned from governance-only tokens to fully tradable assets.
Trump’s World Liberty Financial claims that removing trading restrictions will enhance transparency and accountability within their project. However, legal analysts are warning the SEC could impose stricter regulations or even classify WLFI as an unregistered security if they do not comply with existing rules.
The proposal also raises concerns about potential conflicts of interest, considering Trump’s influence in the project. Any attempt to bypass traditional oversight mechanisms could lead to a regulatory showdown with major exchanges and government agencies.
Source: coinchapter.com
