The Trump family has quietly reduced its majority stake in World Liberty Financial, according to an update to the company’s legal disclosure section, signaling a potential shift in the Trump involvement in the controversial DeFi project as it faces growing scrutiny from Democratic lawmakers.

First reported by Forbes, DT Marks DEFI LLC—a business entity linked to Donald Trump and certain family members—recently cut its ownership share in the company from 60% to about 40%.

“DT Marks DEFI LLC, an entity affiliated with Donald J. Trump and certain of his family members, owns approximately 40% of the equity interests in WLF Holdco LLC,” the disclosure reads.

WLF Holdco LLC is the sole owner of World Liberty Financial, Inc., the Delaware corporation developing the WLF protocol and governance platform. As recently as March 2025, DT Marks DEFI LLC was listed as holding a 60% stake in WLF Holdco. The 20% reduction in equity is likely the result of a private sale or internal restructuring, though no formal explanation has been provided.

World Liberty Financial did not immediately respond to Decrypt’s request for comment.



Introduced in September 2024, World Liberty Financial is a decentralized finance (DeFi) protocol and cryptocurrency company. Since its inception, the company and brand have been tied to the Trump family.

While the disclosure notes that Trump, his relatives, and employees of the Trump Organization do not serve as officers or directors of the firm or its parent company, it confirms that DT Marks DEFI LLC and “certain Trump family members” collectively hold 22.5 billion WLFI tokens. The entity also receives 75% of the token sale proceeds after expenses. In June, Trump reportedly earned $57 million from the sale of World Liberty Financial tokens.

The timing of the ownership change coincides with regulators intensifying scrutiny of World Liberty Financial. The U.S. Congress is currently considering the GENIUS Act, which would establish the first federal regulatory framework for the issuance and use of stablecoins. The Senate passed the bill earlier this week, and Trump has urged the House of Representatives to follow suit quickly.

At the center of the debate is the company's stablecoin, USD1, which debuted in March on the Ethereum and BNB Chain networks.

In May, Sen. Richard Blumenthal (D-CT) started an investigation into World Financial Liberty and its ties to the President.

“WLFI’s refusal to answer even the most basic questions about President Trump’s financial entanglements with the company raises serious concerns,” the senator said at the time. “And I will continue demanding transparency for the American people.”

Edited by James Rubin

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