A major Ethereum-based DeFi project co-founded by former President Donald Trump and his sons has reached a $3.56 billion market capitalization while drawing sharp criticism from Democratic lawmakers over potential conflicts of interest. World Liberty Financial, which aims to revolutionize digital finance through its WLFI token and USD1 stablecoin, has generated substantial financial gains for the Trump family amid growing political scrutiny and calls for Treasury investigations.
about Trump's $3.5B DeFi Project Sparks Political ControversyBarron Trump
0 posts last weekTrump Family Cuts Stake in Crypto Venture WLF by 20%
The Trump family has quietly reduced its stake in its primary crypto venture, World Liberty Financial (WLF), from 60% to around 40% in recent weeks. The change was noted in the fine print on WLF’s website, following earlier sales of over $200 million worth of tokens. The venture, launched during Donald Trump’s presidential campaign, raised $590 million through its native WLFI tokens and later introduced the USD1 stablecoin. Controversial Tron founder Justin Sun joined as a partner with a $75 million investment, raising ethical concerns. U.S. lawmakers have questioned potential conflicts of interest, and the SEC reportedly paused an investigation into Sun. A court-appointed monitor was informed of the planned stake sale, though the new stakeholders remain undisclosed.
about Trump Family Cuts Stake in Crypto Venture WLF by 20%Trump Earns $57M from Family-Backed DeFi Platform
Former President Donald Trump has disclosed $57.3 million in income from World Liberty Financial (WLFI), a decentralized finance platform backed by his family. Launched last year, WLFI was co-founded by Trump’s sons in response to what they describe as a politicized banking system. Trump Jr. previously claimed the family was ‘debanked’ after entering politics, calling traditional banking a ‘pyramid scheme.’ Ethics filings also reveal Trump’s crypto wallet holds between $1M and $5M, alongside millions in royalties and significant liabilities, including $100M in mortgages and legal disputes. The report underscores Trump’s deepening ties to crypto amid broader debates over financial exclusion and political bias.
about Trump Earns $57M from Family-Backed DeFi PlatformBarron Trump Sparks Speculation with Deleted Hi Solana Tweet
Barron Trump’s now-deleted tweet, “hi Solana,” sparked speculation in the cryptocurrency community, coinciding with a volatile period for Solana (SOL), which recently saw a 3.8% price dip. Despite challenges like network outages and competition, the tweet briefly boosted trading volumes and interest in the token, though its deletion raised questions about potential market manipulation or regulatory concerns. SOL is currently in a bearish pattern, with a significant downtrend, but recent buyer interest has helped it recover some losses.
about Barron Trump Sparks Speculation with Deleted Hi Solana Tweet