tl;dr
A recent report suggests that President Trump and his family receive the majority of World Liberty Financial's revenues. The Trumps are reportedly entitled to 75% of token sale revenues (around $400 million) and 60% of other incomes. This raises concerns about potential conflicts of interest and tra...
A recent report suggests that President Trump and his family receive the majority of World Liberty Financial's revenues. The Trumps are reportedly entitled to 75% of token sale revenues (around $400 million) and 60% of other incomes. This raises concerns about potential conflicts of interest and transparency regarding Trump's crypto policies. The report also highlights risks associated with Trump's financial stake in WLFI, including the potential impact on the US economy and the broader crypto market. Additionally, it raises questions about the lack of regulatory oversight due to Trump's influence on financial regulators.
A new report claims that President Trump and his immediate family receive most of WLFI’s revenues. The Trumps are entitled to 75% of token sale revenues, about $400 million, and 60% of other incomes. If these numbers are even partially accurate, they raise significant concerns about potential conflicts of interest. They also raise questions about the broader implications for transparency and accountability regarding Trump’s crypto policies.
World Liberty Financial (WLFI), a project affiliated with President Trump, has made a lot of waves in the crypto space since the end of last year. After persistent rumors of a Binance partnership, WLFI officially launched a new stablecoin, USD1. A new report from Reuters has disclosed some disturbing details, claiming that it has found evidence of how much of WLFI’s revenues go directly to Trump’s family. Trump will get 75% of revenues from token sales and 60% from subsequent operations. WLFI completed its major token sale, which would, therefore, entitle the Trumps to about $400 million. If these numbers are true, they could represent a serious conflict of interest and a dire threat to the US economy.
The biggest danger might not even come from political corruption or fears of centralization in crypto. Trump recently outlined a plan to use stablecoins to promote dollar dominance, and WLFI now has its own stablecoin. Given Trump’s financial stake in WLFI, there’s a clear incentive to promote the firm’s stablecoin as part of his “dollar dominance” agenda. If this leads to widespread investment in USD1 and the peg doesn’t hold, the consequences could ripple across the entire crypto market.