Speaking at the Permissionless Conference hosted by Blockworks in Brooklyn, Zak Folkman, co-founder of World Liberty Financial, revealed that an independent audit of the company’s stablecoin reserves has been completed. The report, conducted by a third-party accounting firm, is expected to be made public “soon.”
Source: X (@cryptopeakx)
With World Liberty Financial becoming a flashpoint in the ongoing debate about crypto’s role in politics, transparency is critical to the venture’s future.
At the same event, Folkman teased upcoming changes to the platform’s WLFI governance token, which currently lacks market liquidity.
Although WLFI cannot be traded at the moment, the token gives holders voting power on network proposals and project developments. However, it does not confer any direct equity or ownership in the underlying company or assets.
According to public financial disclosures released earlier this month, Trump has personally earned $57.35 million from WLFI token sales. In addition, he reportedly still holds 15.75 billion tokens, a substantial stake by any measure.
Critics, including Democratic lawmakers and non-partisan ethics watchdogs, have raised red flags about the implications of Trump’s financial involvement.
The concern is amplified by Trump’s vocal support for pro-crypto deregulation, which aligns with the success of World Liberty Financial. The Trump Organization has said the U.S. President’s interests are managed by a trust overseen by his children, but watchdogs say that may not go far enough to mitigate risk.
The company’s upcoming mobile app is expected to support stablecoin payments, digital wallets, and user governance features. According to Folkman, the app will prioritize simplicity and ease-of-use, which he believes are critical for onboarding non-technical users.
World Liberty Financial’s fast-paced fundraising efforts have been fueled by token sales and the sheer brand recognition attached to the Trump name. This has catapulted the venture into the spotlight, making it a major player in the political-crypto crossover space.
But despite the momentum, questions remain about how much oversight and transparency the firm is willing to adopt—particularly if Trump returns to political office.
With an audit release pending and hints of WLFI token liquidity coming soon, World Liberty Financial is entering a critical phase. The crypto venture has already made a big splash, but it now faces the harder challenge of proving its long-term viability and ethical footing.
For Trump and his inner circle, the success of this project could be financially transformative—but only if it can survive the regulatory, political, and public relations hurdles ahead.
World Liberty Financial is a cryptocurrency company affiliated with former U.S. President Donald Trump. It offers a stablecoin and a governance token called WLFI.
According to public filings, Trump has made $57.35 million from WLFI token sales and still holds a significant number of tokens.
As of now, WLFI is not tradable on open markets. However, upcoming changes may introduce liquidity to the token.
The upcoming app will provide features like stablecoin payments, a digital wallet, and access to governance functions. Its goal is to simplify crypto for mainstream users.
The controversy centers on conflict-of-interest concerns, given Trump’s ongoing political influence and financial benefit from the crypto sector he once regulated.
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