Trump quietly cut his family’s stake in World Liberty Financial, a DeFi and crypto firm closely tied to his inner circle.
According to new legal disclosures, publicly available on the WLF website, DT Marks DEFI LLC, a holding company tied to Trump and his family, lowered its ownership in WLF Holdco LLC from 60% to 40%. WLF Holdco is the sole owner of World Liberty Financial.
Fine Print
“DT Marks DEFI LLC, an entity affiliated with Donald J. Trump and certain of his family members, owns approximately 40% of the equity interests in WLF Holdco LLC,” the updated filing states.
World Liberty Financial was launched in 2024 by Trump’s sons Eric, Donald Jr. and Barron, alongside some of Trump’s business partners. The company has positioned itself as the landmark project of the Trump family’s venture into digital assets, particularly the stablecoin market.
Neither Trump nor WLF have issued a public statement explaining the reason for the reduced stake. However, the move comes as scrutiny of both WLF and Trump’s broader crypto entanglements intensifies.
Latest in Washington
The US Senate passed the GENIUS Act this week, a bill which if enacted into law, would establish the first regulatory framework related to stablecoins. The legislation may directly impact, and likely benefit, WLF’s flagship product, the USD1 stable coin, launched earlier this year.
At the same time, Senator Richard Blumenthal, a Democratic Senator from Connecticut launched a formal investigation into WLF, citing potential ethics violations and lack of transparency in the President’s crypto dealings.
Though Trump and his family do not serve as executives or directors at WLF, they remain deeply financially involved. DT Marks DEFI LLC reportedly controls 22.5 billion WLFI tokens and receives 75% of all token sale proceeds. In June, Trump personally earned an estimated $57 million from token sales.
