WiremarketsBrief
Trump-Linked World Liberty Says New WLFI Buyback Will ‘Consolidate Voting Power’
World Liberty Financial gave no size or start date for the WLFI repurchases, saying only that early funding may come from fees on its USD1 stablecoin's reserves.
Brief
World Liberty Financial, a crypto project linked to President Donald Trump's family, said in a Thursday evening X post that it will begin buying back its WLFI governance token. It aims to concentrate voting influence with holders committed for the long run. No dollar figure or timetable was given, though the opening allocation could draw on USD1 reserve fees and other sources. The project credited growth in USD1, its dollar-pegged stablecoin, for enabling the effort. Mike Katz, a Manatt partner, told Unchained that the new Congress will bring targeted oversight, with meme coins and World Liberty likely subjects. On Friday WLFI traded near $0.047, about 67% below its January 1 level, according to CoinGecko.
Why it matters: It signals a token buyback aimed at shifting governance power toward long-term holders, while congressional scrutiny of Trump-linked crypto ventures is expected.
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Terms in this story
- Stablecoin
- A token designed to track a reference value, usually the US dollar, through reserves, crypto collateral or an algorithm.