World Liberty Financial's Controversial Token Proposal Sparks Investor Outrage

World Liberty Financial, a crypto venture co-founded by President Trump and his sons, has introduced a proposal to freeze early investors' trading of tokens until 2030. The measure has ignited investor dissatisfaction, alleging lack of transparency and uneven governance in the company, despite the Trump family's significant financial gains.

World Liberty Financial, a cryptocurrency venture co-founded by President Trump and his sons, has stirred controversy with a new proposal introduced Wednesday. The proposal aims to restrict early investors from trading their tokens until 2030. Currently, 80% of these holdings are locked by the firm.

According to a statement on the company's governance forum, the proposal is set for a vote in a week. If approved, early investors holding 17 billion tokens will be unable to trade until a year after President Trump's scheduled departure from office. World Liberty Financial spokesman David Wachsman stated that the proposal ensures long-term ecosystem participation and market supply health.

The restrictions would also apply to tokens held by the project's founders, including President Trump and his three sons, with added vesting duration and a 10% token burn. While this has drawn investor complaints of asset freezing and lack of transparency, the Trump family reportedly profited over $1 billion from the venture.

(With inputs from agencies.)