Trump-bound companies reduce their stake in world free finance by 20%

A company linked to U.S. President Donald Trump and his family’s position in World Free Finance (WLF) reportedly reduced its stake in cryptocurrency platforms over the past 11 days.

DT Marks Defi LLC, an umbrella company controlled by Trump and his family, has been slowing down, according to a Forbes report on Thursday. reduce Its stake in WLF. The report noted that DT Marks Defi LLC owned 75% of its shares as of December 2024, but World Liberty’s website said the company owned “about 60%” of its shares as of January – the stake further dropped to 40% sometime after June 8.

While it is not clear whether the Trump family will make a profit from the move, Forbes analysis shows that the proceeds from such sales could reach millions of dollars.

Dividend is in the United States lawmakers Request an investigation Enter the President’s connection with the cryptocurrency industry. World Free Finance also began issuing its own USD1 Stablecoin in March because Congress passed the Genius Act and the Clie that regulates the stability of payments in the country.

Genius Law Passed the U.S. Senate Last week, a crypto-link to Trump could face similar challenges in the House of Representatives, backed by Democrats and Republican lawmakers. president Enter social media On Wednesday night, the Chamber of Commerce was urged to pass the bill “as soon as possible”.

Related: World Free Finance Refresh Congress’s Supervision Issues

Conflicts of Interest Claims Abound between Trump and cryptocurrencies

With the support of Trump and his family, the WLF has been the center of presidential controversy as he attempts to formulate policies related to cryptocurrencies through executive orders and actions of the Republican-controlled Congress.

In May, an Abu Dhabi-based company said it intends to use the platform’s USD1 tokens Reconcile $2 billion in investment second hand.