World Liberty Financial claims governance is central but has frequently bypassed tokenholder votes for key decisions, including switching lending platforms and launching products. The company’s CTO's conflict of interest in favoring his own Dolomite platform without governance approval exemplifies these issues. Similarly, Justin Sun's projects like TRON DAO, Wrapped Bitcoin, and USDD are criticized for lacking true decentralized governance and making unapproved changes, raising concerns over transparency and trust in crypto governance.