
DT Marks DEFI LLC, a company linked to U.S. President Donald Trump and his family, has reduced its stake in World Liberty Financial (WLF), a leading decentralized finance (DeFi) protocol. According to updated legal disclosures, DT Marks DEFI now holds about 40% of the holding company behind WLF, down from 60% in March 2025 and 75% in December 2024. This reduction signals a notable shift in the Trump family’s involvement with the platform as the project faces heightened attention from U.S. lawmakers.
Forbes first reported the equity adjustment after changes appeared in the company’s legal statements. DT Marks DEFI LLC’s connection to World Liberty Financial has long been a point of debate, with disclosure records showing that the entity is linked directly to President Trump and key family members. Despite the scale of the reduction, neither World Liberty Financial nor the Trump organization has issued a public statement explaining the reason behind this significant move.
The timing of the stake reduction coincides with escalating regulatory pressure. Senate lawmakers recently launched an investigation into Trump’s crypto relationships, focusing specifically on World Liberty Financial. Senator Richard Blumenthal (D-CT) highlighted concerns regarding transparency, saying, “WLFI’s refusal to answer even the most basic questions about President Trump’s financial entanglements with the company raises serious concerns.”
The scrutiny comes as Congress considers the GENIUS Act, a bill aimed at introducing federal rules for stablecoins. The Senate has already passed the bill, and President Trump has used his platform to urge swift approval from the House of Representatives. WLF’s stablecoin, USD1, launched on Ethereum and BNB Chain in March, is a core part of this debate, especially after reports that an Abu Dhabi-based company used USD1 to facilitate a $2 billion investment on Binance.
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World Liberty Financial launched in October 2024, and both the WLFI and USD1 stablecoins were introduced during this launch. Additionally, the company has raised more than 550 million in public token sales. Recent disclosures also point to the Trump family's interest after receiving 75% of the proceeds of the token sale after expenses, due to their control of more than 22 billion WLFI tokens. In June, Donald Trump reported $57 million in income from World Liberty Financial.
Although the Trump family and its affiliates do not have executive positions in the company, their financial stake has remained high. Stablecoin USD1 issued by the company has a current supply of 2.2 billion as of June 19. The regulatory inquiries are ongoing, and the market participants are keen on any changes in the top leadership of the projects and possible future compliance with the new federal regulations.