Trump-backed firm unlocks billions in crypto tokens

World Liberty Financial, a venture linked to the Trump family, has proposed unlocking over 62 billion of its WLFI governance tokens. This move aims to restructure previously indefinite token locks. Under the new plan, early supporters will have their tokens vested over two years, while founders and team members will see 10% of their allocation burned, with the remaining tokens vesting over five years after an initial two-year cliff. This proposal follows a recent report that the company used its own tokens as collateral to borrow $75 million in stablecoins.