Donald Trump’s family reduced its share in the World Liberty Financial crypto project from 60 to 40%, reports RBC Crypto With reference to updated data on the project website. The changes have occurred without official statements and public attention. This is the second reduction in the share since the beginning of the year: in January, the share of the structure of the DT Marks Defi LLC, through which the Trumps own the project, decreased from 75 to 60%.
According to Forbes, if a decrease in the share is associated with the sale, the Trump family could get up to $ 190 million. Of this amount, about $ 135 million could go to the president himself.
By mid-March, the project managed to sell the platform tokens in the amount of $ 550 million. After that, in May, WLF announced the launch of the USD1 stablecoin, tied to the dollar rate, which is included in the top 10 largest capitalization of stable coins.
At the moment, the WLF blockchain platform itself does not work and it has only one product-the USD1 stabelcoin, supported only by a few market participants, including Binance cryptocurrency.
The Forbes publication indicated that the changes on the site occurred on June 8, a few days after Circle, the company, the issuer of the competing USDC stabilcoin, has sold its shares as part of the IPO on the NYSE American Exchange.
Circle (CRLC) began to bargain on the exchange on June 5. By June 19, according to TradingView, shares grew by almost 190% of the start of trading. The IPO of this issuer of stablecoins is called one of the most successful in recent years.
Trump Organization and World Liberty Financial did not comment on the change in the share. According to the publication, the public recognition of the sale of a share in the project could negatively affect the cost of the remaining tokens.
The World Liberty Financial project was launched in September 2024 during the Trump presidential campaign. He offered tokens with limited liquidity, while 75% of the revenue in excess of the first $ 30 million were intended for Trump and his family members. From the moment of launch, tokens were sold by more than $ 550 million, which makes it one of the largest tokens in crypto.
The crypto platform itself is developed with the support of the Trump family. In the documents on the website of the Donald Trump project, it is indicated as “the main cryptocurrency defender”. His sons Donald Trump-the youngest and Eric Trump are “Web3 ambassadors”, and Barron wears the title “Defi-visionary”. It is also indicated that none of the Trump family members, other affiliated persons and organizations is an official, director, founder, employee or operator of World Liberty Financial.
Initially, DT Marks Defi LLC completely belonged to Trump himself, but later his sons received shares in the structure. In 2024, DJT JR Defi, ET Defi and BWT Defi were registered, named after Donald Jr., Eric and Barron Trumps, respectively.
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Source: Cryptocurrency
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