Trump Family Reduces Stake in World Liberty Financial Amid DeFi Platform Adjustments
DT Marks DEFI LLC, linked to former President Donald TRUMP and his family, has cut its ownership in World Liberty Financial (WLF) from 60% to 40%. The reduction follows earlier divestments, including a $200 million token sale ahead of Trump's January inauguration, which lowered their stake from 75%.
Launched in September 2024 during Trump's campaign, WLF promoted a 'financial revolution' with non-transferable tokens. Proceeds beyond the initial $30 million largely benefited the Trump family. The MOVE aligns with broader trends as regulatory clarity, such as the GENIUS Act, fosters stablecoin adoption.