$SOL
Trump Family Company Reduces Its Stake in World Liberty Financial by 20%
A report published by Forbes magazine on Thursday stated that one of the companies associated with U.S. President Donald Trump and his family has reduced its stake in the cryptocurrency platform World Liberty Financial (WLF) over the past 11 days.
According to the report, DT Marks DeFi LLC, an entity owned by the Trump family, began gradually reducing its stake in WLF. The report noted that the company owned 75% of WLF in December 2024, but the World Liberty website clarified that the stake decreased to "about 60%" in January, then shrank to 40% after June 8. It is not known whether the Trump family profited from this move, but an analysis by Forbes suggested that the proceeds from such a sale could reach millions of dollars.
This move comes at a time when several U.S. lawmakers are calling for investigations into the president's relationship with the cryptocurrency industry. World Liberty Financial had started issuing its own stablecoin, USD1, in March, while Congress is moving forward with the GENIUS Act bill to regulate stablecoins designated for domestic payments.