The Trump family continues to decrease its stake in the cryptocurrency platform World Liberty Financial, sparking discussions and speculation about potential gains from the sale.
Reduction of Trump Family's Stake
DT Marks DeFi LLC, a company controlled by Trump and his family, has reportedly lowered its stake in World Liberty Financial (WLF). According to a Forbes report, the stake was 75% in December 2024, but decreased to 'approximately 60%' by January 2025, and further down to 40% after June 8.
Legislators' Reactions
Amid the reduction of the Trump family's stake, U.S. lawmakers are calling for investigations into the president’s connections to the crypto industry. Recently, the GENIUS Act, legislation to regulate stablecoins, passed the Senate with support from both parties, but may face hurdles in the House of Representatives due to Trump's crypto affiliations.
Controversies Surrounding WLF
World Liberty Financial is at the center of controversies regarding conflicts of interest between the president and the cryptocurrency sector. In May, an Abu Dhabi-based company announced it planned to use the platform's USD1 token to settle a $2 billion investment in Binance. Trump also reported earning over $57 million from this venture.
The Trump family's reduction of its stake in World Liberty Financial raises questions in both financial and legislative discussions about potential conflicts of interest and cryptocurrency regulation.
