Introducing the Trump Family's Strategy in the Cryptocurrency Market
One of the Trump family companies has quietly reduced its stake in a major cryptocurrency project — World Liberty Financial. Over the course of 11 days, parent company DT Marks DEFI LLC reduced its ownership from 60% to around 40%. At first glance, this may appear to be a strategic move to cut losses to capitalize on the volatility of the cryptocurrency market.
With the stablecoin boom, the Trump family clearly doesn’t want to miss out on the opportunity to make a profit, especially since stablecoins like Circle have nearly tripled in value since their launch. It’s estimated that the value of Trump’s cryptocurrency operations could reach around $1.7 billion.
However, due to the volatility of the crypto market, it is impossible to determine exactly how much the Trump family has earned from the sales. Based on Circle's valuation at the peak, the Trump family could have earned around $190 million, of which the former president could have received $135 million.
Progress of Trump's Cryptocurrency Projects
In September, Donald Trump officially introduced World Liberty Financial as the presidential race entered its final stages. The project promised a “financial revolution,” issuing non-transferable tokens, with most of the profits (75%) going to the Trump family in the first round.
During his tenure, the Trump family established several crypto-related companies. Notably, the company's name was changed from DT Tower II LLC to DT Marks DEFI LLC. Of which, Donald Trump owns 100%, while his children Don Jr., Eric and Barron hold 30%, the rest belongs to him.
According to the financial report at the end of December, DT Marks DEFI LLC owns 75% of the shares of World Liberty Financial. However, before the inauguration, the project woke up much stronger.
Cryptocurrency Market During Trump's Rapid Growth Phase
In just 29 hours after the Lunar New Year holiday, the Trump family and its allies sold more than $200 million worth of World Liberty tokens. Trading activity was brisk, opening up many opportunities for great profits.
On January 24, the project’s website announced that DT Marks DEFI LLC owns approximately 60% of World Liberty Financial. This is a sharp decrease from the previous figure of 75%, reflecting an adjustment in the cooperation and profit sharing strategy.
In March, the project expanded with a $550 million token sale and the introduction of a stablecoin pegged to the U.S. dollar. The coin has attracted significant interest from international investors, notably a $2 billion investment by an Arab company in a crypto exchange.
In 2024, new businesses based on the letters of Trump's son's name were established such as DJT Jr DEFI LLC, ET DEFI LLC, and BWT DEFI LLC. These operations aim to expand the Trump family's cryptocurrency ecosystem.
In the political arena, Mr. Trump has campaigned to push the GENIUS Act, which aims to establish a clear legal framework for stablecoins and the cryptocurrency market in the United States. This action reflects the desire to shape the position of the United States in the global blockchain ecosystem.
According to Cryptopolitan, Mr. Trump called the bill “fantastic,” making the United States an undisputed digital empire. The bill is expected to create a legal framework for the development and trading of cryptocurrencies, including stablecoins based on the USD.
Source: https://tintucbitcoin.com/trump-family-reduces-digital-money-shares/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
