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Cryptocurrency News Articles

Trump Family Cryptocurrency Venture World Liberty Financial Inc. (WLFI) Announced It Had Sold a Total of $550 Million in Crypto Tokens

May 07, 2025 at 07:40 pm

In March 2025, the Trump family’s cryptocurrency venture World Liberty Financial Inc. (WLFI) announced that it had sold a total of $550 million

Washington D.C., March 2025—March 2025—The Trump family’s cryptocurrency venture World Liberty Financial Inc. (WLFI) has sold a total of $550 million in crypto tokens through two rounds of sales, with as much as 75% of net revenue going to the Trump family, according to a new report from Accountable.US. The venture, which is one of many of the Trump family’s sprawling, unprecedented crypto ventures, has raised red flags with ethics experts over its potential for facilitating corruption, foreign influence, and special favors for corporate and bad actors.

Now, new findings from Accountable.US detail how WLFl, which is being touted as a viable investment despite the fact that it appears to have no underlying product or service, likely may have become a go-to vehicle for foreign nationals to funnel money to Donald Trump and his family.

Accountable.US’s analysis of WLFI’s top 50 holders, first reported by Bloomberg, shows that at least 14 of them, who together hold over 6.7 billion tokens valued at about $335 million, have used crypto platforms that are restricted against U.S. users—strongly suggesting these entities are either not U.S.-based or they are trying to circumvent U.S. crypto restrictions. These platforms include Binance, OKX, Bybit, Gate.io, BingX, and Ox.Fun. Using this opaque crypto market means the American public is in the dark on who these likely foreign buyers are or what they may be getting in exchange for those payments. The President could be offering buyers tailormade government policy or get-of-out-jail-free cards in exchange for bulk purchases of the token, like he allegedly gave Chinese crypto magnate Justin Sun who suddenly saw an SEC prosecution for fraud get paused after he announced that he had become WLF’s largest investor.

"With strong evidence suggesting that many top investors in this Trump family crypto venture are foreign nationals, Congress should demand the President disclose who’s paying him tribute in the shadows to assess whether the public interest is being compromised," said Accountable.US Executive Director Tony Carrk. "If the President is taking money from foreign sources, including those soliciting special favors, American working people could easily get the short end of the stick. Donald Trump has spent his first 100 days in office gutting oversight and profiting from the president’s office, all while inviting corruption from anywhere in the world. American families continue watching prices go up and their job and health security slip away while waiting for the President to focus on something other than his own interests."

The report, "Uncharted Corruption: The Trump Family's Crypto Ventures Open Door For Foreign Interference," also details how the administration has taken steps to restrict U.S. participation in certain crypto platforms, such as Binance, which is implicated in the report. This move, while done in the name of investor protection, could also serve to obfuscate the actions of foreign entities operating on these platforms.

The report comes as Congress is beginning to investigate the Trump family’s crypto ventures, which have been the subject of much speculation and scrutiny. The ventures are part of a larger pattern of behavior by the Trump family, which has repeatedly engaged in activities that blur the lines between personal and professional, and create the potential for conflicts of interest.

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Other articles published on May 08, 2025