Trump Family's Crypto Stake Mysteriously Vanishes

The Trump family was initially set to receive 75% of the net revenue from World Liberty Financial (WLF), a privately-owned company tasked with overseeing the crypto community. This arrangement was outlined in a 13-page statement released by WLF in October 2024. The document also revealed that President Trump and his family would receive around 22 billion $WLF tokens, with the current value of the token being 1.5 cents. This would have valued the 22 billion $WLF tokens at around $337.5 million at the time of the trade.

However, in a recent development, WLF released a statement on Thursday that contradicted the earlier arrangement. The new statement indicated that Trump and his family members are not part of WLF's functioning committee and hold no stake in the company. Consequently, the family will not be assuming any liability. This sudden change in WLF's stance amidst the ongoing crypto market turmoil suggests a shift in plans. The reasons behind this change remain unclear, and the situation is still developing.

World Liberty Financial's initial involvement with the Trump family raised eyebrows in the crypto community. The company's mission, as outlined in the 13-page document, was to streamline the crypto market and provide a regulatory framework. The Trump family's potential 75% share of the net revenue was seen as a significant stake in the company's success. However, the recent developments have cast doubt on the extent of the Trump family's involvement in WLF.

The Trump family's association with crypto began during the 2020 presidential election campaign. Unlike his opponent, Joe Biden, Trump made a conscious effort to be more crypto-friendly. Upon taking office, Trump restructured the Securities and Exchange Commission (SEC) to make it more of a regulatory body focused on streamlining crypto. This move was seen as a positive step towards embracing the crypto market.

The crypto market has been volatile in recent months, with significant ups and downs. The sudden change in WLF's stance regarding the Trump family's involvement could be a response to these market fluctuations. Alternatively, it could be a strategic move by WLF to distance itself from the Trump family's political baggage. As the situation continues to evolve, it will be interesting to see how WLF's relationship with the Trump family unfolds and how it impacts the crypto market.