Trump Family Reduces Stake in World Liberty Financial
DT Marks DEFI LLC recently reduced its ownership share in World Liberty Financial from 60% to approximately 40%.
DT Marks DEFI LLC, associated with the Trump family, has decreased its ownership in World Liberty Financial from 60% to approximately 40%. This adjustment follows increased political scrutiny and a Senate investigation into President Donald Trump's cryptocurrency activities. (apnews.com)
World Liberty Financial, established in September 2024, is a decentralized finance (DeFi) protocol and cryptocurrency company. The Trump family has been linked to the company since its inception. According to company disclosures, DT Marks DEFI LLC and certain Trump family members collectively hold 22.5 billion WLFI tokens and receive 75% of the token sale proceeds after expenses. In June, President Trump reportedly earned $57 million from the sale of World Liberty Financial tokens. (apnews.com)
The reduction in ownership coincides with the U.S. Senate's passage of the GENIUS Act on June 17, 2025. This bipartisan bill aims to establish a federal regulatory framework for stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar. The legislation now moves to the House of Representatives for consideration. (reuters.com)
World Liberty Financial's stablecoin, USD1, launched in March on the Ethereum and BNB Chain networks. In May, Senator Richard Blumenthal (D-CT) initiated an investigation into World Liberty Financial and its connections to President Trump, expressing concerns over transparency regarding the President's financial involvement with the company. (apnews.com)