DeFi

Trump’s World Liberty Financial Project Puts Investors in a Bind

World Liberty’s event at Mar-a-Lago on Feb. 18Source: Bloomberg

The Trump family’s flagship crypto project is once again facing questions.

World Liberty Financial, which raised more than $550 million on the promise that early token holders would help shape the project’s future, is pushing a proposal that could reduce the voting power of early investors on key governance decisions — including when they can access the bulk of their investment. To keep some of those votes, they would have to give up the only thing they currently can sell.