Trump family’s cryptocurrency is now available for public buying and selling

The digital token, $WLFI, from the Trump family's cryptocurrency venture, World Liberty Financial, has begun trading on major exchanges on Monday (September 1). This development marks a significant step for the “decentralised finance” platform, allowing investors to buy and sell the tokens and potentially boosting the value of the president's own holdings.According to a report by news agency Reuters, the World Liberty tokens have been designed to give holders voting rights on certain business decisions. These digital tokes were initially sold to investors without being tradable. However, in July, investors voted to make the tokens tradable, paving the way for their public debut. World Liberty has said that early investors can now sell up to 20% of their holdings.The tokens are now being offered on some of the world's largest cryptocurrency exchanges, including Binance, OKX, and Bybit. According to CoinGecko, the token was last trading at $0.3115.Since World Liberty's launch last year, the Trump family has reportedly earned around $500 million from the project. The primary appeal of the $WLFI token for early investors was its direct connection to the Trump brand and the expectation that the token's value would rise due to the president's backing.However, this latest crypto venture has drawn criticism from Democratic lawmakers and government ethics experts. They argue that the Trump family's involvement in digital currencies, while the president's administration reshapes the regulatory framework for the sector, presents a profound conflict of interest. Meanwhile, the White House has maintained that Trump’s assets are held in a trust managed by his children and that no conflicts exist.