A new report claims that President Trump and his immediate family receive most WLFI income. Trumps are entitled to 75% of tokens sales income, around $ 400 million and 60% of other income.
If these figures are even partially exact, they raise important concerns concerning conflicts of potential interests. They also raise questions about the broader implications of transparency and responsibility concerning Trump’s crypto policies.
Does the Trump family receive WLFI procedures?
World Liberty Financial (WLFI), a project affiliated with President Trump, has made a lot of waves in cryptographic space since the end of last year. After persistent rumors on a Binance partnership, WLFI has officially launched a new Stablecoin, USD1. There is no clear evidence of Binance’s involvement in this launch. However, a new report of Reuters revealed disturbing details.
Essentially, he claims that he found evidence of the amount of WLFI income, goes directly to Trump’s family. Trump will obtain 75% of token sales income and 60% of subsequent operations. WLFI has completed its large sale of tokens, which will therefore give the right to around $ 400 million to around $ 400 million.
Reuters Calculate that 5% of the products in this tokens sale would in fact finance the WLFI platform, the rest going to other co-founders. In addition, its buyers are unable to resell their chips, and we do not know what governance actions they could influence. There is no apparent reason for the average retail merchant to really buy these assets.
If these figures are Admittedly, they could represent a serious conflict of interest and a disastrous threat to the American economy. First of allCommunity leaders like Vitalik Buterin have warned of corruption of parts of political memes like Trump. If Trump obtains a reduction in WLFI tokens sales, it is already a huge avenue for improper use.
In addition, since Trump brings enormous changes to American financial regulators, there may be no one to investigate the allegations of corruption of the WLFI. For example, the founder of Tron Justin Sun has invested $ 30 million in the WLFI, and the SEC settled a fraud against him for months later. The SEC has set all its measures to apply the crypto, but this investment still seems relevant.
“You have the guy in charge who is responsible for his own regulations.
The greatest danger may not even come from political corruption or fears of crypto centralization. Trump recently described a plan to use stablecoins to promote the domination of the dollar, and WLFI now has its own stablecoin. It also has around $ 111 million in unrealized losses due to its cryptographic investments and its complaints to use “other cash equivalents” in USD reserves.
It is difficult to overestimate the potential risks involved. Given Trump’s financial participation in the WLFI, there is a clear incentive to promote the scouring of the company as part of its “dollar domination” program. If this leads to generalized investments in USD1 and the PEG does not hold, the consequences could collapse on the entire cryptography market.
In simple terms, this kind of commercial arrangement is completely unprecedented for an in -office president. Some senators are already investigating Trump’s links with WLFI. However, their lack of political power and deferred federal regulators can hinder their ability to change anything.
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