Powell: The reason for not cutting interest rates is that the Fed's internal and external economic forecasts indicate that inflation will rise significantly this year

PANews reported on August 18 that Nasdaq-listed company ETHZilla Corporation announced its official name change and the launch of its Ethereum asset management strategy. The stock code was changed from

Key Takeaways: Trump’s company reduced its stake in World Liberty Financial from 60% to 40%. The move follows earlier cuts from a 75% holding and came without public disclosure. Trump earned $57.4 million from the project over a 12-month span ending in December 2024. Donald Trump ’s company has reduced its stake in World Liberty Financial from 60% to 40%, according to website disclosures reviewed by Forbes in a report published on June 19. The adjustment was made without a public announcement, suggesting a behind-the-scenes divestment during his presidency. Divestment From World Liberty Financial World Liberty Financial launched in September 2024 as a crypto venture backed by the Trump family. Early filings showed DT Marks DEFI LLC, a Trump-controlled entity, held a 75% stake. The holding dropped to 60% by January 2025, around the time of Trump’s second inauguration. A court-appointed monitor also received notice of an intended partial stake sale around that period. The venture has since recorded over $550 million in token sales, and recently announced a dollar-linked stablecoin. A $2 billion commitment from a UAE investment firm gave the stablecoin initial traction. By June 5, the company’s value had been informally compared to Circle, which went public the same day. According to the report, changes to World Liberty’s website after June 8 show DT Marks DEFI LLC now holds roughly 40% of the company. While no specifics were released, Forbes estimated the sale could have generated about $190 million, with approximately $135 million potentially accruing to Trump personally if the valuation aligns with Circle’s. Milestone achieved: the first USD1-exclusive IDO with @saharalabsAI on @Buidlpad was a big success—$59M USD1 contributed! https://t.co/ScJR3HFqrP — WLFI (@worldlibertyfi) June 17, 2025 Trump Made $57.4 Million From WLFI President Donald Trump earned $57.4 million from World Liberty Financial over a roughly 12-month period ending in December 2024, according to a financial disclosure released on June 14. The figure represents the income from the sale of nontransferable $WLFI tokens and related products, including USD1, the company’s stablecoin. The Trump family collectively holds 22.5 billion tokens of the project. Trump’s earnings are routed through the Donald J. Trump Revocable Trust, which is overseen by Donald Trump Jr. and allows the president to collect business income while in office. Despite mounting scrutiny from lawmakers, the Trump administration has continued to advance digital asset policies, including stablecoin legislation passed in the Senate earlier this month. Frequently Asked Questions (FAQs) Could the sale of ownership affect Trump’s influence over the company? While a reduced stake lowers financial exposure, control could still remain strong depending on the operating agreement. Influence isn’t solely determined by equity percentage but also by governance structures within the LLC. How are foreign governments reacting to the project? Some governments, including Pakistan, have cited Trump’s backing as a credibility marker. The project’s association with a sitting president may influence international perception and adoption. What are lawmakers concerned about with World Liberty’s foreign ties? Critics argue that partnerships with foreign-backed entities, especially in sensitive sectors like finance, may present ethics or national security risks when linked to a sitting president’s business interests.