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World Liberty Financial

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business7 days ago

Trump Family Unveils USD1: A Private Stablecoin Aiming to Modernize the Dollar

The Trump family, through World Liberty Financial, launched USD1—a stablecoin pegged to the dollar and pitched as an upgrade to U.S. currency. They argue private-sector innovation can modernize finance and preserve dollar dominance, detailing plans at a Mar-a-Lago event and suggesting the private project could spur structural demand for U.S. debt. The venture frames itself as complementary to the dollar, not a threat, though questions remain about private control of a national monetary instrument.

via CNBC|
#business#cryptocurrency#stablecoin
McCarthy Nails Trump's UAE Crypto Gambit as a Sordid Power Play
politics17 days ago

McCarthy Nails Trump's UAE Crypto Gambit as a Sordid Power Play

Former federal prosecutor Andy McCarthy lambasts Donald Trump and his family for founding World Liberty Financial, a UAE-backed crypto venture, arguing it was designed to monetize political influence by disguising payoffs as private business. He notes at least $2.5 billion from the UAE and suggests the deal dwarfs figures discussed in Biden-related inquiries, signaling that the scrutiny over the Trump crypto venture is far from over.

via Yahoo|
#andy-mccarthy#national-review#politics
UAE Investment in Trump-Linked Crypto Venture Triggers Corruption Claims
cryptocurrencies22 days ago

UAE Investment in Trump-Linked Crypto Venture Triggers Corruption Claims

A UAE-linked investment firm tied to Sheikh Tahnoon bin Zayed Al Nahyan agreed to invest $500 million for a 49% stake in Trump-affiliated World Liberty Financial, with $187 million already paid, just days before last year's presidential inauguration, prompting Democrats to call the deal ‘mind-blowing corruption’ and raising national-security concerns over UAE access to Nvidia AI chips; the piece links this to prior crypto deals and ongoing regulatory debates around crypto in the Trump era.

via Gizmodo|
#corruption#cryptocurrencies#trump
UAE royal buys 49% stake in Trump-linked crypto firm, drawing scrutiny
business24 days ago

UAE royal buys 49% stake in Trump-linked crypto firm, drawing scrutiny

The Wall Street Journal reports Sheikh Tahnoon bin Zayed Al Nahyan acquired a $500 million, 49% stake in World Liberty Financial, the Trump family’s crypto venture, via Aryam Investment, making it the largest shareholder after the founders. The move occurred ahead of a U.S. decision to allow UAE access to Nvidia AI chips, sparking questions in Congress about conflicts of interest and national security implications.

via CNBC|
#business#cryptocurrency#tahnoon-bin-zayed
UAE-Backed Investor Takes Major Stake in Trump Family Crypto Firm
world24 days ago

UAE-Backed Investor Takes Major Stake in Trump Family Crypto Firm

A UAE-linked investment firm purchased nearly half of the Trump family’s cryptocurrency company, World Liberty Financial, for about $500 million, with Eric Trump signing the deal days before his father’s inauguration. The arrangement ties the Trump business to UAE interests while the president pursues foreign policy with the Middle East, raising concerns about conflicts of interest and propriety.

via The New York Times|
#cryptocurrency#foreign-policy#trump-family
Trump Family’s Crypto Windfall: $1.4B Gain Amid Steady $6.8B Net Worth
business1 month ago

Trump Family’s Crypto Windfall: $1.4B Gain Amid Steady $6.8B Net Worth

Bloomberg reports that in the year since Donald Trump took office, the Trump family has accrued about $1.4 billion from crypto-related ventures, roughly one-fifth of their total net worth, which Bloomberg estimates at about $6.8 billion. The gains are driven largely by World Liberty Financial (WLFI) and the Trump-backed World Liberty Markets, though the overall net worth is offset by declines in Trump Media & Technology Group. WLFI founder tokens are valued at about $3.8 billion but aren’t counted in Bloomberg’s wealth calculation because they’re locked. The report notes scrutiny over potential conflicts of interest as the family expands its crypto footprint and governance of the WLFI ecosystem.

via The Block|
#bloomberg#business#crypto
Trump's Pardon of Binance's Zhao Sparks GOP Criticism
business4 months ago

Trump's Pardon of Binance's Zhao Sparks GOP Criticism

President Trump pardoned Binance founder Changpeng Zhao after his guilty plea for failing to implement proper anti-money laundering measures, which led to Binance paying over $4 billion in fines. Zhao's ties to Trump’s family crypto venture, World Liberty Financial, include code contributions and financial interests, raising concerns about potential conflicts of interest. This pardon is part of a broader trend of Trump pardoning prominent crypto figures.

via Bloomberg.com|
#binance#business#changpeng-zhao
Justin Sun Demands Unfreezing of $100M Crypto from Trump-Linked Firm
business5 months ago

Justin Sun Demands Unfreezing of $100M Crypto from Trump-Linked Firm

Justin Sun, a major crypto investor, publicly criticized World Liberty Financial after his coins were frozen, amid ongoing tensions and market turmoil involving the company's cryptocurrency, $WLFI, which recently experienced a significant price drop. The dispute highlights concerns over the company's practices and the broader crypto regulatory environment, casting a shadow over the Trump family's crypto ventures.

via The New York Times|
#business#crypto-regulation#cryptocurrency
Trump family's crypto ventures boost wealth amid market turbulence
business5 months ago

Trump family's crypto ventures boost wealth amid market turbulence

World Liberty Financial has burned 47 million WLFI tokens in an effort to reduce supply and boost the declining token price, which has fallen over 31% since launch. The burn is part of a proposed buyback and burn program aimed at increasing scarcity and long-term ownership, amid ongoing market skepticism about crypto hype and institutional adoption. The launch has also caused Ethereum gas fees to spike, highlighting ongoing ecosystem challenges.

via Cointelegraph|
#business#cryptocurrency#price-boost