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.
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0 posts last weekTrump Announces US Crypto Reserve Plans Boosting Bitcoin and Major Altcoins
Donald Trump has announced plans to establish a U.S. crypto reserve, which has led to significant price surges for Bitcoin, Ripple’s XRP, Solana, and Cardano. He emphasized that the reserve will include major cryptocurrencies like Bitcoin and Ethereum, aiming to position the U.S. as the global crypto capital. This initiative marks a pivotal shift in government engagement with the crypto industry, reflecting Trump’s commitment to advancing digital assets amid previous regulatory challenges.
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