Trump Family Cuts 20% Stake in World Liberty Amid GENIUS Stablecoin Bill

President Donald Trump and his family have quietly reduced their stake in World Liberty Financial (WLF), their primary crypto venture, from 75% at the end of 2024 to about 40% by mid-2025 amid increased congressional scrutiny over their crypto dealings. This divestment coincides with the passage of the GENIUS Act, a bipartisan Senate bill establishing a regulatory framework for U.S. dollar-pegged stablecoins, which Trump supports and is promoting as a key to making America a leader in digital assets. Trump’s crypto ventures, including WLF, have generated significant income, with estimates suggesting the family may have earned upwards of $135 million recently by selling portions of their holdings. The GENIUS Act mandates stablecoin issuers to be licensed and fully backed, aiming to provide regulatory clarity and promote innovation while countering competition from countries like China that are advancing digital currencies. Trump’s administration is pushing a pro-crypto agenda, including the creation of a special SEC task force to clarify crypto regulations, signaling a shift towards integrating cryptocurrencies into mainstream U.S. finance. While the Act aims to legitimize and regulate stablecoins, some experts warn it could challenge decentralized stablecoins, potentially reshaping the crypto economy's competitive landscape.