Major price drop at World Liberty: Stealthily dismantled presidency of Trump
Trading the Trump Family's Crypto Stake in Silence
The Trump clan, running the World Liberty Financial crypto project, has sneakily sold off a substantial portion of their 60% share to bring it down to 40%. This furtive move, reported in Forbes on June 19, saw a large chunk of cash shift around without much fuss.
The family had been managing the project through DT Marks DEFI LLC, a company they control. Initially, they owned 75% of the venture, but that figure dropped to 60% by December, and now stands at a fourth. Each sale occurred at strategic moments—the first during a token sale frenzy of $200 million, and the latest amid Circle's tripling in value following its IPO, along with the Senate's approval of a stablecoin regulation bill.
Forbes estimates that the recent transaction could have earned them a whopping $190 million, with $135 million potentially landing into Trump's personal account.
Financially Revolutionizing the Status Quo
While these behind-the-scenes sales have been kept hush-hush, the project was launched upon promises of a financial revolution. Investors continue to flock to it, despite this secretive depletion of the Trump family's ownership.
Investors and regulators now find themselves questioning if they should dig deeper before making their next move.
The Trump Dynasty's Crypto Ventures
Reportedly, Trump made a fortune from the crypto world in 2024, earning approximately $57.3 million. This significant return may have sparked the family's decision to cash out by reducing their stake. There's also the potential strategic move of distancing themselves from other Trump-branded crypto projects like the "Official $TRUMP Wallet" to avoid potential reputational risks.
A political storm is brewing over the Trump family's crypto endeavors. U.S. Senator Adam Schiff has proposed the Curbing Officials’ Income and Nondisclosure (COIN) Act, targeting financial exploitation of digital assets by public officials. This legislation is a reaction to the disclosures of the Trump family's substantial crypto profits, which raises ethical and legal concerns related to conflicts of interest and the misuse of public office for personal gain.
Calls for increased scrutiny and regulations have grown louder as the attention on the Trump family's crypto dealings intensifies. In light of these developments, one can't help but wonder if this isn't the start of a new wave of regulation in the crypto sector.
- Amidst the Trump family's cryptocurrency endeavors, there's growing interest in Bitcoin and other digital assets as investment opportunities, despite concerns about the family's secretive depletion of ownership and potential conflicts of interest.
- With the Trump dynasty's substantial crypto profits raising ethical and legal concerns, and the proposal of the COIN Act to curb financial exploitation of digital assets by public officials, the crypto sector might be on the brink of a wave of intensified regulation and scrutiny.
