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Trump Family Cuts Stake in Controversial Crypto Firm

6/20/2025

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Summary

Story summary

Donald Trump's family has cut its ownership in World Liberty Financial (WLF) from 60% to 40%, facing increasing scrutiny over his connections to cryptocurrency. WLF, which introduced a stablecoin, has garnered $550 million in funding. Critics worry about conflicts of interest as Trump reportedly earned over $57 million from crypto while in office.

History

Historical Context

In 2018, the U.S. Securities and Exchange Commission began regulating cryptocurrency, addressing transparency concerns. By January 2025, World Liberty Financial launched a stablecoin, USD1, backed by U.S. assets, amid scrutiny of Donald Trump's financial ties to the crypto market. This situation reflects ongoing debates about ethical governance and the potential conflicts of interest in political leadership.

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Story summary

Donald Trump's family has cut its ownership in World Liberty Financial (WLF) from 60% to 40%, facing increasing scrutiny over his connections to cryptocurrency. WLF, which introduced a stablecoin, has garnered $550 million in funding. Critics worry about conflicts of interest as Trump reportedly earned over $57 million from crypto while in office.

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