Lorenzo Letter #15: WLFI Activates Token Unlock Schedules
World Liberty activates WLFI token unlocks for early supporters, Senate lawmakers advance the Clarity Act toward a floor vote, Coinbase deepens Hyperliquid ties through a new USDC treasury role, and stablecoin infrastructure takes center stage as crypto regulation and market structure evolve.
Welcome back to the Lorenzo Letter, your weekly update on stablecoins, DeFi, tokenization, crypto legislation, and more.
In This Issue:
- World Liberty Financial Opens WLFI Token Unlock Activation for Early Supporters
- US Senate Banking Committee Advances Digital Asset Market Clarity Act
- Coinbase Named Official USDC Treasury Deployer on Hyperliquid
World Liberty Financial Opens WLFI Token Unlock Activation for Early Supporters
World Liberty Financial has activated WLFI token unlock schedules, allowing eligible early supporters to enroll in a structured vesting plan for previously locked token allocations following a community governance vote.
Public sale participants who purchased WLFI between October 2024 and March 2025 can now activate vesting for the remaining 80% of their allocation. Tokens will remain locked under a two-year cliff before entering a two-year linear vesting schedule, while the first 20% became claimable in September 2025.
The rollout follows a governance proposal that restructured unlock mechanics for roughly 62 billion WLFI tokens, or 62% of total supply, after months of debate over indefinite lockups. Team members, advisors, and partners face a longer three-year vesting period after the same two-year cliff and are subject to a permanent 10% token burn upon activation.
Full Story:
Bart Hillerich
US Senate Banking Committee Advances Digital Asset Market Clarity Act
The Senate Banking Committee advanced the Digital Asset Market Clarity Act in a 15-9 vote, moving landmark crypto market structure legislation closer to the Senate floor and signaling growing bipartisan momentum for digital asset regulation in the United States.
The bill aims to establish clearer jurisdictional boundaries between the SEC and CFTC while expanding federal oversight of digital assets and stablecoin issuers. Building on last year’s GENIUS Act, the legislation seeks to provide legal certainty around whether tokens fall under securities law, commodities regulation, or other frameworks.
It now advances to the full Senate amid increasing pressure to finalize crypto legislation as stablecoin adoption accelerates and digital assets become more embedded in financial markets.
Learn More:
Bart Hillerich
Coinbase Named Official USDC Treasury Deployer on Hyperliquid
Coinbase is deepening its integration with Hyperliquid by becoming the network’s official USDC treasury deployer, a move designed to strengthen stablecoin infrastructure as Hyperliquid prepares to activate its upgraded Aligned Quote Asset framework, AQAv2.
Under the arrangement, Coinbase will oversee treasury operations for USDC on Hyperliquid, while Circle manages minting, redemption, and native transfers through Cross-Chain Transfer Protocol (CCTP). Both companies will also stake HYPE tokens to support AQAv2 activation, further aligning USDC infrastructure with the broader Hyperliquid ecosystem.
The partnership comes as USDC supply on Hyperliquid has grown to roughly $5 billion, reinforcing its position as the network’s primary dollar-denominated collateral asset. AQAv2 will also begin a transition away from USDH, Hyperliquid’s native stablecoin launched in 2025, with Coinbase gaining rights to acquire USDH brand assets while markets remain operational during a phased sunset period.
More Details:
Bart Hillerich
