Tue, 02 Sep 2025

Tue, 02 Sep 2025 Trump and sons' stake in crypto firm worth $5bn

World Liberty Financial, launched by the Trumps during the presidential campaign, begins trading.

* The Trump family's cryptocurrency, WLFI, has started trading publicly and is valued at around $3.7 billion.
* The company, World Liberty Financial, raised money by selling digital tokens last year, with Trump holding 15.75 billion tokens worth over $3.4 billion.
* The Trumps control about a quarter of the total 100 billion WLFI coins created, giving them claim to holdings worth around $5 billion.
* The company gets a cut of revenue from coin sales, which has already brought in over $500 million.
* Democrats have criticized Trump's crypto dealings as vehicles for corruption and conflict of interest.
* The Trump administration has dismissed the criticism, with White House press secretary Karoline Leavitt saying that policies are driving innovation and economic opportunity.
* Token offerings like WLFI faced intense scrutiny under the Biden administration, which argued they were subject to existing rules on conflicts of interest and disclosure.
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