Trump-tied company reduces stake in World Liberty Financial by 20% amid scrutiny and investigation.

From Cointelegraph

June 19, 2025 2:09 pm:

DT Marks DeFi LLC, linked to Trump, reduces stake in WLF from 75% to 40% in 11 days. The move could yield millions, though details on profits are unclear. US lawmakers investigate Trump’s ties to crypto as WLF issues its own stablecoin amid the GENIUS Act’s progress in Congress.

The GENIUS Act, backed by bipartisan support, faces potential challenges in the House over Trump’s crypto connections. Trump urges quick passing of the bill on social media. WLF, supported by Trump, faces scrutiny as conflicts of interest between the president and the crypto industry come to light.

An Abu Dhabi company plans to settle a $2 billion investment using WLF’s USD1 token. WLF raised $550 million through token sales by March, with Trump reporting over $57 million in income from the venture by June. Concerns arise over conflict of interest and insider trading in Trump’s crypto dealings.

Read more at Cointelegraph: Trump-Tied Company Reduced Its Stake In World Liberty Financial By 20%