Trump Family Reduces Stake in World Liberty Financial
The Trump family has significantly decreased its stake in World Liberty Financial (WLF), a cryptocurrency platform. DT Marks DeFi LLC, an umbrella company controlled by former President Donald Trump and his family, reduced its ownership from 75% in December 2024 to 40% by June. This move comes as U.S. lawmakers increase scrutiny of political figures’ ties to the cryptocurrency industry.
Key Developments in WLF Stake Reduction
- DT Marks DeFi LLC gradually reduced its WLF stake over six months
- The stake reduction could be worth millions, according to Forbes analysis
- WLF launched its USD1 stablecoin in March 2024
Regulatory Context and Market Impact
The GENIUS Act, legislation to regulate stablecoins, has passed the Senate but faces challenges in the House. Some lawmakers have raised concerns about potential conflicts of interest involving Trump’s cryptocurrency connections. Meanwhile, WLF has raised $550 million through public token sales.
Expert Perspective
“This stake reduction suggests the Trump family is adjusting its cryptocurrency strategy amid increasing regulatory attention,” noted a financial analyst familiar with the situation.
