The Trump family is once again making headlines, this time due to their actions in the crypto world. Their stake in World Liberty Financial has significantly decreased over a short period.
Trump's Reduction in World Liberty Financial Stake
DT Marks DEFI LLC, once owning 75% of World Liberty Financial, has reduced its stake to about 40% in less than two weeks. The initial reduction occurred in January when their share fell from 75% to 60%. Then, after June 8, it dropped further to just 40%. Observers speculate that this could indicate a desire to cash in as the company is rapidly growing.
Successes of World Liberty Financial
World Liberty Financial was launched in September 2024. At the beginning of fundraising, the Trump family attracted $30 million, with 75% of the profits reportedly funneled to them. By January 2025, token sales exploded, with over $200 million sold in just 29 hours. By March, the company had raised a total of $550 million, allowing for the introduction of USD1, a stablecoin tied to the US dollar.
Regulatory Issues and Trump's Influence
Trump is actively supporting the GENIUS Act, a bill regulating stablecoins, which has already passed the Senate. However, critics deem this a conflict of interest, as Trump is both promoting legislation and profiting from the same industry. His children are also deeply involved in crypto projects, establishing new companies, indicating the family's serious interest in the crypto business.
Trump's reduction in his stake in World Liberty Financial raises questions about his motivations and influence in the rapidly changing cryptocurrency space. With discussions around the GENIUS Act, the family's actions could have a significant impact on the future of the financial sector.
