The Trump family has decreased its ownership in the crypto project World Liberty Financial (WLF) from 60% to approximately 40%. This change occurred amid discussions of stablecoin legislation.
History of Trump's Stake Changes
In recent weeks, the Trump family's stake in World Liberty Financial was reduced from 60% to approximately 40%. The changes became known through updates on the company's website, as reported by Forbes. The WLF project was launched in September 2024 with the goal of raising $590 million through the sale of WLFI tokens.
Image and Partnership
Trump brought in a new partner – Tron founder Justin Sun, who invested $75 million into the project. This partnership raised concerns about potential conflicts of interest, especially amid discussions of stablecoin legislation in the U.S.
Legal and Ethical Implications
Following the reduction of Trump's stake, a group of lawmakers began requesting reports on suspicious financial activities connected to the project. This has become a topic of discussion given concerns over the mixing of business interests and presidential power.
The reduction of the Trump family's stake in World Liberty Financial raises questions about transparency and ethics, which could impact the future actions of both the project and its participants.
