Trump-Linked Project WLFI Announces Buyback Plan After 8% Drop

World Liberty Financial announced a new token buyback plan after Democrats swept Congress in the U.S. midterm elections.

In an X post published on November 6, the project explained that the buyback aims to encourage governance participation and enhance voting power for long-term steadfast holders.

The project plans to fund initial purchases through a grant, which may include fees generated from reserves supporting its USD1 stablecoin, as well as other funding sources.

Trader MEK noted that World Liberty Financial's proposed WLFI buyback plan links stablecoin growth to governance token value. The long-term impact of the buyback will depend on sustained execution and stronger governance participation.

The initial purchase date or grant size was not disclosed.

When WLFI began public trading in September 2025, the company had launched a buyback and burn program.

Will Trump's Political Setbacks Affect WLFI?

After Democrats gained control of both chambers of Congress, Trump-associated cryptocurrencies faced broad selling, with WLFI falling 8%.

The election results also brought renewed attention to the Trump family's financial interests in World Liberty Financial.

Trump and his sons co-founded the enterprise with business partners ahead of the 2024 presidential election.

According to company disclosures, an entity linked to the Trump family, DT Marks DEFI LLC, holds nearly 38% of World Liberty Financial's holding company.

Trump's cryptocurrency-related projects reportedly generated $1.4 billion in revenue last year, with $594 million coming from World Liberty sales.

Democratic lawmakers have expressed concerns over potential conflicts of interest involving the president's cryptocurrency investments and his administration's regulatory policies.