đĽ Trumpâs $1.7B Stablecoin Play Shrinks as GENIUS Act Nears Approval đ¨
In a low-key move, Donald Trumpâs family has reduced their stake in World Liberty Financial($USD1 ), their flagship crypto venture. Ownership dropped from 60% to 40% in just 11 days, likely to lock in profits as the stablecoin business booms. With Circleâs recent IPO tripling in value, Trumpâs crypto firm could now be worth $1.7 billion. If valued similarly, the Trump family may have cashed out around $190 million, with $135 million potentially going directly to the former president đľđ.
Trumpâs crypto involvement has grown rapidly since launching World Liberty Financial in September during his campaign. The platform promoted a vague âfinancial revolutionâ and reportedly directed 75% of early token sales straight to the Trump family. After a major token sale in January bringing in over $200 million in just 29 hours, the family's ownership stake quietly decreased. More business entities named after his childrenâDJT Jr DEFI LLC, ET DEFI LLC, and BWT DEFI LLCâwere set up to further expand their crypto empire đ¤đ.
Now, Trump is pushing hard for the GENIUS Act, a bill to regulate stablecoins in the U.S. The Senate just passed it with strong bipartisan support, and Trump is urging the House to follow suit. Heâs calling the bill âincredibleâ, claiming it will make America the global leader in digital assets. With global players already backing Trumpâs stablecoinâincluding a $2 billion investment from the UAEâhe's not backing down from the crypto race anytime soon đşđ¸đŞ.