Cryptocurrencies

Trump Crypto Firm Draws Scrutiny With Plan to Delay Investor Trading

World Liberty Financial Inc., the crypto project co-founded by President Donald Trump, is facing a fresh round of criticism after proposing that tokens owned by some early investors remain unavailable for trading indefinitely — or at least until Trump leaves office.

The proposal, which was posted in the project’s governance forum Wednesday, requires early investors to agree to keep the majority of the WLFI tokens they bought locked — or unavailable for trading — for another two years. They would then start to receive their tokens gradually over the following two years. Those who don’t agree to this proposal will see their tokens locked “indefinitely,” the proposal said. The tokens are trading near a record low price.