Trump Family Reduces Stake in Crypto Business Amid Stablecoin Regulatory Advances

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.

DT Marks DEFI LLC, an entity linked to TRUMP and his relatives, now holds 40% of the holding company controlling World Liberty Financial, down from 60%. The move comes as Trump's crypto dealings—reportedly netting tens of millions—face scrutiny from lawmakers. Senators Elizabeth Warren, Richard Blumenthal, and Chris Murphy have raised concerns about potential conflicts of interest, given Trump's influence over regulations affecting his business interests.

Despite the controversy, the stablecoin bill's advancement could bolster the standing of World Liberty Financial's USD1 stablecoin, assuming compliance with forthcoming rules. The debate underscores the growing intersection of politics and digital assets in shaping financial markets.