Recent reports indicate that the Trump family has reduced its stake in the crypto project World Liberty Financial. This event coincides with a controversial financial initiative promising a 'financial revolution.'
Trump's Reduction in Crypto Project Stake
According to a Forbes report, the Trump family has decreased its stake in World Liberty Financial from 60% to 40% in an unannounced transaction. This change occurred over the past fortnight without public notice or press release.
Asset Liquidation Strategy
The reduction marks the third time in six months that the Trumps have cut their stake in the project, indicating a systematic exit strategy. All sales took place at pivotal market moments, allowing the family to capitalize on the rising crypto hype.
Financial Outcome
Based on analysis from World Liberty, the latest sale could have netted the Trumps as much as $190 million, with Donald Trump personally pocketing approximately $135 million. However, this raises questions about whether regulators or investors will start asking tougher questions moving forward.
The Trump family's reduction in stake at World Liberty Financial raises numerous concerns regarding asset management practices in the crypto sphere. Future stake reductions may attract increased public and regulatory scrutiny.
