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coinpedia 2025-06-20 12:33:55

Trump Family Slashes Crypto Stake in World Liberty Financial Amid Conflict Probe

The post Trump Family Slashes Crypto Stake in World Liberty Financial Amid Conflict Probe appeared first on Coinpedia Fintech News The Trump family’s growing involvement in crypto is once again under the spotlight – this time for scaling back. As their company, World Liberty Financial (WLF), expands its presence in the crypto market, a quiet but major reduction in ownership is raising questions about political influence, timing, and potential conflicts of interest. With crypto regulation heating up and the GENIUS Act moving forward, every move by the Trumps is being closely watched. Trump-Controlled Entity Reduces Majority Ownership According to a Forbes report, DT Marks DeFi LLC, a company controlled by the Trump family, held a 75% stake in WLF as of December 2024. But by January, WLF’s website listed its ownership at “approximately 60%.” Then, after June 8, that number dropped again to 40%. While it’s unclear how profitable the sale was, Forbes estimates the proceeds could have reached millions. The lack of details has only added to the mystery around the Trumps’ crypto strategy. USD1 Stablecoin Grows Amid Controversy At the same time, WLF’s stablecoin, USD1, pegged 1:1 to the U.S. dollar, has quickly become a major player. According to CoinMarketCap, it’s now the fifth-largest stablecoin, with a market cap of over $2.2 billion. The takeover continues The first USD1 minted on Tron—just the beginning of something much bigger. Appreciate the support @justinsuntron . Let’s bring USD1 everywhere. https://t.co/flQVafe9Ey — WLFI (@worldlibertyfi) June 11, 2025 Its rise got a major boost when the President of the UAE used USD1 for a $2 billion investment into Binance. And on June 11, USD1 was also minted on the Tron blockchain, which is run by crypto billionaire Justin Sun. Sun is not only a major investor in WLF but also the biggest holder of the Trump-themed TRUMP meme coin. He even attended an exclusive event earlier this year for the coin’s top holders. These connections have only added fuel to the controversy. Trump’s Crypto Interests Could Slow GENIUS Act Trump has been pushing for Congress to pass the GENIUS Act , a bill focused on stablecoin regulation that recently cleared the Senate with strong bipartisan support. But the path ahead in the House could be more difficult. Senators Elizabeth Warren and Jeff Merkley have raised concerns about Trump’s financial links to WLF and other crypto assets. They argue his influence could create a conflict of interest and affect the fairness of future crypto laws. That could slow the GENIUS Act’s progress as lawmakers call for more safeguards. Power, Profits, and Political Heat The Trump family’s reduced stake in World Liberty Financial comes just as their stablecoin project takes off and regulation efforts gain momentum in Washington. Their influence in the crypto world is growing but so is the scrutiny. As the GENIUS Act moves closer to a final vote, the spotlight on the Trumps’ crypto dealings is only getting brighter.

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