Trump Family Reduces Stake in Crypto Business Amid Stablecoin Regulatory Advancements
The U.S. stablecoin sector is gaining momentum as bipartisan support fuels regulatory progress. The Senate recently passed a stablecoin bill, now awaiting House approval, marking a significant step toward clearer oversight. Against this backdrop, former President Donald Trump and his family have reportedly sold approximately 20% of their stake in the parent company of World Liberty Financial, a crypto venture that includes its own stablecoin.
Disclosures reveal DT Marks DEFI LLC, an entity tied to TRUMP and his relatives, now holds 40% of the holding company controlling WLFI—down from 60%. The move coincides with political scrutiny over Trump's crypto dealings, which have allegedly netted him tens of millions. Critics, including Senators Elizabeth Warren and Richard Blumenthal, argue his involvement in regulation poses conflicts of interest.
The bill's advancement could stabilize World Liberty Financial's USD1 stablecoin, though debates over presidential ethics in crypto regulation persist. The intersection of policy and personal profit continues to shape the digital asset landscape.