Post #43046 by ges on the US Policy board

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How the Trump Family Took Over a Crypto Firm as It Raised Hundreds of Millions

What Happened: The Trump family quietly seized control of crypto firm World Liberty Financial as it raised $550 million through sales of $WLFI tokens. The family now claims 75% of net token revenue and 60% of business profits—despite the project lacking a public platform and offering no profit-sharing or tradeable tokens to investors.

Why It Matters: This arrangement creates massive conflicts of interest, with a sitting U.S. president and his family directly profiting from an opaque financial venture they are deregulating. Under crypto's anonymity, this can be used as a vehicle for political access—or foreign influence.

Source: Reuters

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