Trump Family Reduces Stake in DeFi Firm Facing Political Scrutiny
The Trump family has significantly scaled back its ownership in World Liberty Financial (WLF), a decentralized finance (DeFi) project entangled in political controversy and facing congressional investigation. According to an updated legal filing, DT Marks DEFI LLC—a company associated with Donald Trump and certain family members—reduced its equity stake in WLF Holdco LLC from 60% to approximately 40%.
DT Marks DEFI LLC also simultaneously relinquished its position as the sole majority owner of WLF Holdco LLC, the entity controlling World Liberty Financial, Inc. This shift is occurring against the backdrop of mounting legislative scrutiny focused on Trump’s financial ties to cryptocurrency ventures. Earlier this month, the Senate approved the GENIUS Act, a bill poised to establish the first federal framework for stablecoins, and the President has weighed in on the debate.
The ownership change is presented as straightforward—merely a 20 percentage point reduction—but its timing appears deeply connected to the ongoing political pressure. The company has faced questions concerning President Trump’s personal financial exposure and influence from lawmakers like Sen. Richard Blumenthal of Connecticut, who publicly demanded transparency regarding Trump’s involvement.
