Trump-Linked Company Reduces Stake in World Liberty Financial to 40%
A Forbes analysis reveals that DT Marks DEFI LLC, linked to Donald Trump, has reduced its stake in World Liberty Financial (WLF) from approximately 60% to around 40%. This follows a previous reduction from 75% to 60% earlier this year. The change occurred after June 8 without public announcement.
Speculation suggests the Trump family may have realized a payout of hundreds of millions, with estimates indicating nearly $190 million could have been pocketed, including about $135 million for Trump, based on comparable valuations in the stablecoin sector.
World Liberty has announced plans for its USD1 stablecoin and secured $2 billion backing from a UAE-linked investor, raising over $550 million through token sales.
Concerns have been raised regarding potential conflicts of interest due to Trump's overlapping interests in business and politics. Critics suggest the divestment appears strategic, avoiding market alarms associated with a full sale.
Additionally, the Senate recently passed the GENIUS Act regulating stablecoins, impacting WLF's regulatory landscape and valuation.
- Stake reduced quietly: From ~60% to ~40% post–June 8, with no announcement.
- Cash-out possible: Analysts peg potential Trump earnings in the high hundreds of millions.
- Ethical red flags: Lawmakers warn of conflicts of interest amid overlapping presidency and crypto interests.