In a most curious twist of fate, a corporate entity, which bears the unmistakable mark of President Donald Trump and his illustrious family, has quietly decided to trim its equity stake in the decentralized finance (DeFi) platform known as World Liberty Financial (WLFI). One might say, “What a surprise!” as if the sun rose in the west.
Once upon a time, the Trump-affiliated company, DT Marks DEFI LLC, held a robust 60% stake in the grand venture of World Liberty. But alas, the winds of change have blown, and now, the fine print on the platform’s website reveals that DT Marks has reduced its holdings to a mere 40%. It seems that even in the world of finance, one must occasionally downsize, much like one downsizes their wardrobe after a particularly indulgent holiday season.
Forbes, that ever-watchful chronicler of fortunes, was the first to unveil this change. The platform, in its infinite wisdom, notes that WLF Holdco, the keeper of all rights to net protocol revenues from the DeFi platform, has been left untouched by the hands of Trump or his family, who are apparently not officers, directors, or employees of WLF Holdco LLC or World Liberty Financial. Quite the family affair, wouldn’t you say? 🤔
As the curtain falls on Trump’s equity stake, it is reported that he has pocketed tens of millions of dollars from this venture. One can only imagine the conversations at the dinner table, filled with laughter and perhaps a hint of sarcasm, as they recount the tale of their financial escapades.
A recent exposé from the New York Post, citing records from the Office of Government Ethics, reveals that Trump’s stake in WLFI has yielded a staggering $57.3 million, making it one of his most lucrative sources of income in the past year. Who knew that crypto could be so profitable? 💸
In March, World Liberty introduced the stablecoin USD1, designed to maintain a 1:1 peg to the US dollar. A noble endeavor, indeed, as they strive to keep their financial ship afloat amidst the turbulent seas of cryptocurrency.
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2025-06-20 20:01