Michaela
DT Marks DEFI LLC, linked to President Donald Trump and his family, has recently reduced its ownership stake in World Liberty Financial (WLF), the decentralized finance (DeFi) platform founded by Trump and his sons, from 60% down to 40%.
The ownership decrease was reflected through a subtle update in the fine print on World Liberty Financial’s website. Forbes reported that, based on a financial disclosure summarizing the president’s business interests, DT Marks DEFI LLC held a 75% stake in World Liberty Financial as of late December.
However, in the weeks before President Trump’s January inauguration, the Trump family reportedly sold over $200 million worth of World Liberty tokens. By late January, the WLF website showed that DT Marks DEFI LLC’s ownership had dropped to “approximately 60%,” down from the 75% stake held just weeks earlier.
In September 2024, as his campaign season drew to a close, President Trump introduced World Liberty Financial. The initiative touted a vague vision of a “financial revolution” and sold tokens that were non-transferable, with 75% of the proceeds beyond the initial $30 million reportedly directed to Trump and his family.
The Trump family appears to be positioning for larger sales down the line, potentially boosted by stablecoin-friendly legal frameworks. On Tuesday, the U.S. Senate approved the GENIUS Act with a 68-30 vote, sending the legislation to the House of Representatives for further consideration.
In a post on his social media platform Truth Social, President Trump urged the House to expedite the vote and “get it to [his] desk ASAP.”
Several Democratic lawmakers, including outspoken crypto critic Senator Elizabeth Warren, have voiced concerns over President Trump and his family’s possible financial ties to the cryptocurrency industry. Warren cautioned that if the proposed legislation passes, the Trump family could profit “hundreds of millions of dollars” from his USD1 stablecoin venture.
As regulatory debates intensify, scrutiny of the Trump family’s involvement with World Liberty Financial and its USD1 stablecoin grows. With Democratic lawmakers warning of potential profits, the intersection of politics, crypto, and finance is under a microscope. How this plays out in Washington and the crypto market remains to be seen, but it’s clear that World Liberty Financial is now at the center of a complex and closely watched story shaping the future of digital assets and regulation.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
