Trump Family Quietly Trims Stake In World Liberty Financial Amid Conflict Of Interest Concerns
The Trump family has quietly decreased its stake in the crypto platform World Liberty Financial (WLF) amid growing scrutiny of the Trumps’ crypto involvement. According to the June 19 report by Forbes, DT Marks DeFi LLC, an umbrella company that is controlled by the Trumps, held a 75% stake in WLF as of December 2024. But WLF’s website said the company owned “approximately 60%” as of January. Then, the stake was reduced to 40% at some point after June 8, the report said. It’s unclear whether the move was profitable for the Trump family. An Analysis by Forbes suggested the proceeds from this sale could amount to millions of dollars. World Liberty Financial Starts Issuing Stablecoin As GENIUS Act Progresses The Trump family is active in numerous crypto ventures. Most recently, their WLF company started issuing its USD1 stablecoin, a crypto pegged 1:1 to the US Dollar. This is as the landmark GENIUS Act progresses through the legislative p...