Trump Family Cuts Stake in Crypto Business from 60% to 40% in WLFI

! ## Partly Profitable

According to a Forbes report on the 19th, companies related to the Trump family appear to be quietly scaling back their involvement in the cryptocurrency business. DT Marks DeFi LLC said it has reduced its stake in the decentralized finance project World Liberty Financial from 60% to about 40% in the past 11 days.

The company held 75% as of December 2024, but the reduction of its stake is progressing gradually. World Liberty Financial is a cryptocurrency project that started in October 2024, issuing its own token “WLFI” and a dollar-pegged stablecoin “USD1”. Earlier this month, 47 USD1 tokens were distributed free of charge to WLFI holders.

Since taking office in January this year, President Trump has been attracting attention in cryptocurrency-related businesses such as the issuance of meme coins. In March, Democratic senators expressed concerns about “compliance obligations” regarding the president’s relationship with the Binance exchange and requested an explanation about his cryptocurrency trading. At a cryptocurrency-themed dinner held in May, it was pointed out that investors might gain improper access to the president.

According to an analysis by Forbes magazine, President Trump’s crypto assets have reached $110 million. World Liberty Financial’s token sale brought in an estimated $390 million and earned $246 million after taxes. With the meme coin “TRUMP” issued just before his inauguration, he is said to have earned $350 million in transaction fees and other fees.

As for the TRUMP token, currently, 800 million tokens are being gradually released into the market, and Forbes estimates its holding value at 427 million dollars. With 3 million dollars worth of tokens being additionally released daily, the participation fee for the dinner in May was set between 55,000 dollars and a maximum of 37.7 million dollars.