President Donald Trump and his family would have reduced their participation in the parent company behind World Liberty Financial (WLFI), a cryptography company issuing the stablecoin USD1, just as the US Senate has adopted a large bipartite bill regulating stablecoins. Legal disclosure shows that DT Marks DEFI LLC, an entity affiliated with Trump and family members, now holds 40% of the WLFI portfolio company, compared to 60%.
The Senate stable legislation – has now been directed to the Chamber – has briefly delayed in the midst of concerns about Trump’s direct participation in cryptographic companies that are affected by the regulations. The legislators, including senators Elizabeth Warren, Richard Blumenthal and Chris Murphy, have raised ethical questions on a president in practice influencing rules that could benefit his private companies.
While Trump’s team insists that their cryptographic transactions are transparent, all the details of the family’s property in WLFI remain vague. The company did not publicly specify which members of the Trump family have operational actions or roles. If the new regulations adopt, the stablecoin of WLFI could obtain legitimacy – it is provided by the strict and surveillance reserve conduct.
Trump’s cryptographic activity developed quickly. He organized private events for investors in his own same, sold several NFT collections and recently supported a Bitcoin treasure of 2.5 billion dollars through his media company. His son Eric Trump is also involved in a new Bitcoin mining company.
This expansion in digital assets marks a dramatic change for the old skeptical crypto. While regulatory control intensifies, Trump’s in -depth links with the world of cryptography continue to raise political and financial issues. Representatives of the WLFI and Trump did not respond to comments.
