World Liberty Financial's digital tokens are now officially tradable following a vote with 99.94% approval from token holders. The timing and specifics of trading eligibility will be determined later. Concerns have been raised regarding President Trump's potential conflicts of interest since his interests in the cryptocurrency space could lead to competition with other issuers and possible foreign emoluments. The project's initial trading unlock for founder-held tokens will follow a longer schedule, ensuring some initial restrictions.
"The American public should be very concerned about the president's vested interests in the cryptocurrency market," said Chris Swartz, a former longtime attorney at the U.S. government's Office of Government Ethics, including under both Trump administrations, who now serves as senior ethics counsel for Democracy Defenders Action, a legal advocacy group.
"Not only is it a potential conduit for foreign emoluments and other illicit payments, but it puts the president in competition against other cryptocurrency issuers at the same time he is advocating for digital asset marketplace legislation. That is a clear conflict of interest."
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