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Cryptocurrency News Articles

Donald Trump and His Family Receive Most of WLFI Revenue (CoinChapter.com)

Apr 01, 2025 at 06:13 pm

YEREVAN (CoinChapter.com) — President Donald Trump and his family receive most of the WLFI revenue, according to a new report by Reuters.

Donald Trump and His Family Receive Most of WLFI Revenue (CoinChapter.com)

President Donald Trump and his family are the main beneficiaries of revenue from World Liberty Financial (WLFI), according to a report by Reuters. The report says the Trump family is entitled to 75% of WLFI token sale proceeds, which is about $400 million, and 60% of other WLFI income.

The project launched its WLFI token and Trump stablecoin, USD1, at the end of 2024. Earlier rumors linked Binance to WLFI, but no evidence confirms the crypto exchange’s involvement. Despite this, WLFI managed to complete a large token sale.

Only 5% of proceeds from the token sale will go toward supporting the platform’s development, according to the report. The rest will be split between the Trump family and other co-founders. Buyers of the WLFI token cannot resell their tokens, and their voting or governance rights are unclear.

The Trump crypto connection comes as he is reportedly planning to restructure financial regulatory agencies. If changes to those agencies reduce oversight of tokens like WLFI, they could affect the Trump family’s financial interests.

Former U.S. financial regulator Ross Delston said that WLFI presents a major risk.

“You’ve got the guy in charge who is responsible for his own regulation,” Delston said. He added that foreign entities could use WLFI tokens to route money to President Trump.

The Trump family setup gives them large returns, while retail buyers are locked into non-resellable tokens. That structure has drawn attention from public figures in the crypto sector.

Ethereum co-founder Vitalik Buterin previously warned about political meme coins like TRUMP, saying they can become tools for misuse. The WLFI token shows similar patterns. Buyers have limited control, and insiders collect large profits.

A few U.S. Senators are now looking into President Trump’s crypto ties and the large sums going to his family. However, the report says weakened federal agencies may not have the power to investigate Trump’s conflict of interest cases effectively.

The structure of WLFI, especially how much revenue is sent to the Trump family, is unusual in the crypto sector. A person running for or holding public office has not had such a financial setup with a crypto project before.

The size of the funds in the Trump family portion of WLFI proceeds, which will be in the hundreds of millions of dollars, also raises questions. Most of the value created went to the Trump family portion, not the platform itself. Buyers will have limited rights and restrictions on their tokens, while the Trump family will receive the majority of income from the token sale.

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Other articles published on Apr 07, 2025