Trump-backed World Liberty Financial announces a WLFI token buyback, partly funded by fees on the reserves behind its USD1 stablecoin, after a 66% slide this year

World Liberty Financial, the DeFi project backed by the Trump family, said on Friday that it will buy back its WLFI token. CoinDesk reported that the buyback is partly funded by fees from the reserves behind WLF's USD1 stablecoin. Outlook Money, citing WLF's post on X, said the initial allocation could include those fees plus other sources. The post gave no buyback size or start date, and WLF said it would evaluate the programme over time and intends buybacks to be a long-term part of its strategy.

WLF said the programme is meant to "consolidate voting power among our most committed long-term holders." CoinDesk said WLFI rose about 3.5% after the announcement, but is down about 10% since Tuesday's midterm elections and more than 66% this year, and that the separate TRUMP token hit a record low this week. Outlook Money noted its price data does not establish a link between those declines and the announcement.

The announcement comes as Democrats take control of Congress. Bitcoin.com reported that House Democrats have reportedly named the Trump family firm a likely first target of their investigations; that claim has not been independently confirmed here. Outlook Money said an entity affiliated with Donald Trump and certain family members, DT Marks DEFI LLC, owns about 38% of the equity interests in WLF Holdco LLC, and that it and family members hold 22.5 billion WLFI tokens.