Trump family reduces shares in World Liberty Financial by 20 percent

One of the companies that is connected to US President Donald Trump and his family as well as their crypto project World Liberty Financial (WLF) has said to have reduced its participation in the crypto platform in the past 11 days.

According to a Forbes report from Thursday, the DT Marks Defi Defi LLC, a roof company controlled by Trump and his family, has slowly reduced its share of WLF. By Message It is said that the DT Marks Defi LLC held a share of 75 % in WLF in December 2024. However, the World Liberty website said that the company had “about 60 %” in January – a share that was further reduced to 40 % after June 8.

It is unclear whether the Trump family benefited from this step, but a Forbes analysis suggests that the proceeds from such a sale could amount to millions of dollars.

Disinvestment takes place at a time when US politicians are demanding an investigation of the President's connections to the crypto industry. World Liberty Financial began in March with the issue of its own stable coin of $ 1, which is now criticized because of the Genius Act, a law to regulate stable coins in the USA.

The Genius law passed the US Senate last week with the support of both democratic and Republican MPs, but could have met with challenges in the House of Representatives due to Trump's crypto connections. The President asked the House of Representatives on Wednesday evening to adopt the law “as soon as possible”.

Interest conflicts due to Trump crypto shops

The WLF crypto project, which is supported by Trump and his family, is the focus of the controversy around the president, who tries to influence the crypto industry with the help of implementation regulations and laws.

In May, a company based in Abu Dhabi said that it intended to use the USD1 token of the platform in order to pay an investment of $ 2 billion in Binance.