Trump Family Reduces Stake, Reason Undisclosed
Some Suggest "Clearing to Avoid Congressional Investigation"
According to the legal disclosure section published by World Liberty Financial on the 19th, the Trump family's stake has been reduced from 60% to 40%.
Forbes reported on the 19th that DT Max DeFi LLC, owned by the Trump family, began reducing its stake in World Liberty Financial in December last year and fully organized its stake over the past 11 days.
The Trump family did not clearly disclose the reason for reducing their stake in World Liberty Financial. According to Forbes, by selling their stake in World Liberty Financial, the Trump family secured revenues of several million dollars.
Some interpret this as the Trump family "cutting ties". This is because the Trump family reduced its stake in World Liberty Financial while the US Congress investigates the connection between the Trump family and the cryptocurrency industry.
Reporter Seung-won Kwon ksw@blockstreet.co.kr