DT Marks DeFi LLC, a firm linked to former U.S. President Donald Trump, has quietly reduced its equity stake in the decentralized finance project World Liberty Financial from 60% in March 2024 to 40%, marking a 20% decrease. Previously, the firm held a 75% stake as of December 2024. This move comes amid increased scrutiny of Trump's cryptocurrency activities, including questions raised by Democratic Senators and concerns over investor access through crypto-themed events. World Liberty Financial, launched in October 2024, features its own token WLFI and a stablecoin USD1, backed by U.S. dollar deposits and other assets. The project recently conducted an airdrop of USD1 tokens and has been involved in significant investments, such as Binance's $2 billion deal with Abu Dhabi's MGX. DT Marks DeFi LLC is listed as a related entity alongside Trump and his family members in SEC filings.

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DT Marks DeFi LLC, a firm associated with United States President Donald Trump, quietly reduced its stake in the decentralized finance project World Liberty Financial amid growing concerns over Trump's clandestine crypto dealings.Though still unclear when the move occurred, DT Marks DeFi owns 40% in equity interests in the holding firm behind World Liberty Financial, according to the legal print on the protocol's website. That's a 20% decrease from the 60% equity interest DT Marks DeFi LLC held in the World Liberty Financial holding firm in March.What's more, DT Marks DeFi held a 75% equity stake in World Liberty Financial's holding company as of December 2024, Forbes reports.Ever since Trump took office in January and launched his own memecoin ahead of it, Trump's cryptocurrency dealings have garnered significant scrutiny. In March, Democratic Senators demanded the Trump administration answer key questions about the president's crypto dealings, especially as it relates to the digital asset exchange Binance, over concerns of "compliance obligations." Trump's crypto-themed dinners in May drew additional concern that investors can gain undue access to the president if they support his memecoin ventures, The Block previously reported.DT Marks DeFi LLC is listed as a "related person" on World Liberty Financial along with Donald Trump, his sons Eric Trump and Donald Jr, and World Liberty Financial Director Zachary Folkman, among others, according to an October 2024 filing with the Securities and Exchange Commission.Launched in October 2024, World Liberty Financial is a cryptocurrency project with its own token, WLFI, as well as a stablecoin USD1, an asset backed by U.S. dollar deposits, Treasuries, and other cash equivalents. The project airdropped 47 USD1 tokens to WLFI holders in an airdrop earlier this month, and USD1 was even used to close Binance's historic $2 billion investment from the Abu Dhabi investment firm MGX.USD1 maintains a total supply of 2.2 billion as of June 19, The Block's Data Dashboard shows.

Trump-affiliated company quietly reduces its equity stake in World Liberty Financial by 20%