Dive into the latest developments surrounding Trump's crypto ventures, WLF ownership shifts, and the growing influence of stablecoins. Get the inside scoop now!
Trump, Crypto, and WLF Ownership: A New York Minute on the Latest Moves
The intersection of Donald Trump, cryptocurrency, and World Liberty Financial (WLF) ownership is heating up faster than a hot dog cart on a summer day. Let's break down the key developments.
WLF Ownership: The Shrinking Stake
The Trump family has been quietly reducing its stake in World Liberty Financial (WLF). Initially holding 60%, their ownership has dipped to around 40% in recent weeks. This follows earlier shifts, dropping from 75% in late 2024. What's the big deal? It signals a strategic restructuring, possibly timed around key political and market events.
The Players: DT Marks DEFI LLC and the Trump Kids
Donald Trump's DT Marks DEFI LLC (formerly DT Tower II LLC) is central to this. His sons, Donald Jr., Eric, and Barron, jointly hold a 30% stake in the entity. Plus, there are Delaware-registered companies named after the sons, solidifying the family’s direct links to the crypto project.
Crypto Surge and Regulatory Scrutiny
WLF's token sales have been booming, reportedly hitting $550 million by March. But with great power comes great responsibility (and scrutiny). Concerns about Trump's financial involvement while in public office have escalated, leading to proposed legislation targeting crypto engagements by public officials. The CLARITY Act aimed to set stricter rules, but faced White House objections, particularly concerning language directly targeting Trump.
Stablecoins and the GENIUS Act
Trump has been pushing Congress to fast-track the GENIUS Act, supporting U.S. dollar–backed crypto assets. This came as WLF launched its own stablecoin project linked to the U.S. dollar, backed by a $2 billion deal. Circle, a non-affiliated stablecoin issuer, saw its stock jump after the Senate approved the GENIUS Act, marking a major policy win.
Circle's Rise and WLF's Potential Valuation
Circle's success provides a benchmark for WLF's potential valuation. If WLF receives a similar valuation, it could exceed $1.7 billion. This makes the Trumps’ stake reduction even more significant. Analysts estimate that selling 20% of the company could have earned Donald Trump around $135 million.
My Two Cents
The timing of these ownership shifts and the push for the GENIUS Act raise eyebrows. Trump's endorsement clearly accelerated the bill's path. Whether it’s a shrewd business move or a potential conflict of interest, it's a story worth watching. Coinbase adding USDC as collateral in US futures markets further validates the stablecoin sector.
The Bottom Line
From strategic ownership tweaks to regulatory battles, the Trump-crypto-WLF saga is a wild ride. What's next? Only time will tell. But one thing's for sure: it's gonna be YUGE! Stay tuned, folks, because in the world of Trump and crypto, there's never a dull moment!
