Luminous

Today, I filed a lawsuit in California federal court against World Liberty Financial to protect my legal rights as a holder of $WLFI tokens.   I have always been—and remain—an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly.  This lawsuit does not change how I feel about President Trump or the Trump Administration.   Unfortunately, certain individuals on the World Liberty project team have been operating the project in a manner that goes against President Trump’s values.  They wrongfully froze all of my tokens, stripped me of my right to vote on governance proposals, and have threatened to permanently destroy my tokens by “burning” them—all without any proper justification.  I do not believe President Trump would condone these actions if he knew about them.     I have tried in good faith to resolve this situation with the World Liberty project team without resorting to litigation.  But the project team has refused my requests to unfreeze my tokens and restore my rights as a token holder.  They have left me with no choice but to turn to the courts.  All I want is to be treated the same as every other early investor who received tokens—no better, no worse.    I also want the community to know that I strongly oppose the new governance proposal World Liberty published on April 15.   If it passes, token holders who do not “affirmatively accept” its terms—including a requirement that 10% of all advisor tokens be permanently burned—will have their tokens locked indefinitely.  For early purchaser tokens, the proposal imposes a two-year cliff followed by a two-year vesting schedule—and again, for those who do not affirmatively accept, their tokens are locked indefinitely.   This proposal is bad for the community, but because World Liberty has frozen my early investor tokens, I cannot vote them for or against the proposal.   I believe in fairness, transparency, and the principles that make crypto powerful.  I will continue to fight for those principles. 🙏