Trumpovo přiznání výnosů přes 1 miliardu USD z digitálních aktiv komplikuje jednání o Clarity Act. Demokraté chtějí doplnit zákaz, aby úřadující prezident a jeho rodina na kryptu nevydělávali.
Being president is a decent gig. Being president while your family runs a billion-dollar crypto operation is, apparently, an even better one.
President Donald Trump’s 2025 financial disclosure revealed income exceeding $1 billion from digital asset ventures during his first year back in the White House. Estimates peg the total somewhere between $1.2 billion and $1.43 billion, with the bulk flowing from two sources: the family’s World Liberty Financial project and the infamous $TRUMP meme coin.
The disclosure has thrown a wrench into already fragile bipartisan negotiations over the Clarity Act, the sweeping market structure bill that was supposed to give the crypto industry its regulatory framework. Democrats now want the bill rewritten with provisions specifically designed to prevent sitting presidents and their families from cashing in on digital assets. The legislation, as of late July 2026, is going nowhere.
Follow the money The numbers paint a pretty vivid picture. Roughly $500 million to $594 million of Trump’s crypto income came from World Liberty Financial, the DeFi project his family launched in 2024. WLFI controls 75% of its token sale proceeds, and those proceeds have been flowing generously to Trump-linked entities.
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Another $635 million or so came from the $TRUMP meme coin. Here’s the thing about that number, though: it represents profits that were realized while retail investors were getting obliterated. The $TRUMP token has crashed more than 97% from its peak.
WLFI tokens haven’t fared much better, dropping roughly 80% in value.
The legislative standoff Senator Elizabeth Warren has been leading the Democratic charge, arguing that the current draft of the Clarity Act contains loopholes wide enough to drive a presidential motorcade through. Her core argument is straightforward: a president who profits from crypto has a direct financial incentive to shape crypto regulation in his favor, and the legislation needs to explicitly block that.
Recent Senate drafts have floated a proposal to temporarily ban federal officials from issuing digital assets until 2029. That provision alone has become a dealbreaker for Republicans who view it as overreach, and for some Democrats who think it doesn’t go far enough.
The crypto industry spent years begging Washington for regulatory clarity. Congress finally started delivering, passing the GENIUS Act for stablecoins in 2025. But the broader market structure bill, the one that would actually define how tokens are classified and traded, is now hostage to a political fight that has almost nothing to do with the technology itself.
What this means for investors For the crypto market broadly, the stalled Clarity Act is a significant problem. Without a market structure framework, the industry remains in a regulatory gray zone where enforcement actions substitute for clear rules.
The $TRUMP meme coin’s 97%-plus collapse is a case study in what happens when speculative assets tied to political narratives lose momentum. WLFI’s 80% decline tells a similar story. Even with a direct connection to the most powerful person in the country, the token couldn’t sustain its valuation.
The broader risk is that the Democratic push for stricter ethics provisions, if successful, could create a chilling effect beyond just the president’s portfolio. If legislation ends up restricting how any federal official interacts with digital assets, it could discourage the kind of government engagement the industry has been courting. On the other hand, if the Clarity Act dies entirely because neither side can agree on ethics language, the industry loses the regulatory framework it needs to mature.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Senátní demokraté požádali o slyšení kvůli Trumpovým kryptoměnovým příjmům přes 1,4 miliardy USD a možnému zapojení SAE. Zpochybňují také 49% podíl ve World Liberty Financial.
Five Democratic senators have formally requested congressional hearings to investigate US President Donald Trump’s extensive cryptocurrency revenues and potentially undisclosed foreign involvement. The senators cited concerns regarding the influence of international investors on American policy and the possibility of national security risks.
Financial disclosures reveal massive crypto earningsThe investigation request follows Trump’s 2025 financial disclosure, which reported a total income of more than $2.24 billion for the year. This included over $1.4 billion related to cryptocurrency activities. His earnings came from dealings with the memecoin sector and World Liberty Financial, a blockchain-focused financial platform.
Detailed figures in the filing attributed roughly $515 million to World Liberty Financial token sales, $65 million to an ownership stake in its parent entity, and $635 million from royalties tied to Trump-branded memecoin initiatives.
Senators Elizabeth Warren (Massachusetts), Richard Blumenthal (Connecticut), Gary Peters (Michigan), Dick Durbin (Illinois), and Ron Wyden (Oregon) initiated the call for hearings. These five serve as senior members of various Senate committees but lack the authority to organize official hearings without Republican cooperation.
Scrutiny over UAE investment in World Liberty FinancialThe senators drew attention to a United Arab Emirates–linked company’s alleged acquisition of a 49% stake in World Liberty Financial. The transaction reportedly involved an entity connected to Sheikh Tahnoon bin Zayed Al Nahyan, who is the UAE’s national security adviser and an influential figure in the Gulf region.
In their correspondence, the senators demanded full transparency regarding the “Third Parties” named in Trump’s financial disclosures. They also questioned whether foreign interests—including the UAE government—have possibly influenced the shaping of US digital asset regulations.
Earlier this year, Representative Ro Khanna initiated a House inquiry into the UAE’s role, probing whether its investment related to policy changes covering US export restrictions on artificial intelligence chips. World Liberty Financial described that inquiry as politically motivated.
Trump addressed questions about these transactions in a CNBC interview, where he stated that his earnings complied fully with all laws. He said his son Eric is responsible for overseeing business operations, while outside companies manage his portfolio.
The White House maintained that Trump’s assets are contained within a trust managed by his children, a structure designed to prevent conflicts of interest.
Mini dictionary: World Liberty Financial, a blockchain-focused platform known for issuing financial instruments and crypto tokens, operates internationally and has attracted significant investments from global entities.
The senators pointed to foreign ownership stakes and demanded that Trump reveal whether any UAE government or third-party interests have shaped US cryptocurrency policies or legislation.
Upcoming crypto legislation and political falloutThe Democratic lawmakers also highlighted the timing of the anticipated Senate vote on the Digital Asset Market Clarity Act. The act, aimed at clarifying the regulatory framework for cryptocurrencies, is set to move to the Senate floor in the coming weeks.
Senate rules require 60 votes to advance most legislation, making Democratic support essential for Republicans to overcome a filibuster and pass the bill. While some Republicans like Senator Cynthia Lummis support prompt approval, others such as House Financial Services Committee chair French Hill acknowledged that Trump’s deep involvement in cryptocurrency businesses has complicated the legislative process.
In a separate development, a law blocking the Federal Reserve from introducing a central bank digital currency until the end of 2030 has advanced. Trump did not veto the legislation or hold the planned signing event, allowing the measure to automatically become law after a ten-day period.
IssueCurrent StatusImpacted PartiesTrump’s crypto earnings$1.4 billion for 2025Trump, World Liberty FinancialUAE investment49% stake in World Liberty FinancialUAE-linked entity, Trump portfolioCBDC BanEnacted, in effect until Dec 31, 2030Federal Reserve, US consumersClarity ActAwaiting Senate voteLawmakers, crypto industryRepublicans continue to control both chambers of Congress and, so far, have not answered requests from Democratic senators to hold investigative hearings into these matters.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Platební divize AI Financial jedná o prodeji svého hlavního byznysu tokijské blockchainové firmě Perpetuals.com až za 15 milionů USD. Jednotka loni vytvořila zhruba 25 milionů USD tržby.
@worldlibertyfi's payments arm, AI Financial, is in talks to offload its core business to Tokyo-based blockchain firm Perpetuals.com for up to $15 million, according to the Wall Street Journal. The development marks a sharp reversal for a company that was once promoted as the foundation of an international payments network powered by World Liberty Financial's USD1 stablecoin.
From $750 Million to $15 Million The problems began after World Liberty acquired a controlling stake in AI Financial in August 2025 by paying with its own $WLFI cryptocurrency. AI Financial then raised an additional $750 million from outside investors to purchase more WLFI tokens, leaving the company heavily exposed to the Trump-backed digital asset.
Under the reported deal terms, Perpetuals.com would pay $5 million upfront in stock, with an additional $10 million contingent on future revenue targets, while also assuming certain liabilities tied to the payments unit. Perpetuals.com confirmed the discussions in a press release on July 7, saying it had signed a non-binding term sheet to explore the acquisition of Alt5 Sigma Canada Inc., with its Chief Strategy Officer noting the company is currently conducting due diligence and that no final decision has been made.
The unit generated roughly $25 million in revenue last year and is AI Financial's sole revenue-generating business. According to the Journal, no USD1 stablecoin transactions have ever been processed through AI Financial's payments platform.
Investors Burned, Trumps Profit $WLFI has slid roughly 70% since the deal was announced, and AI Financial's stock has cratered more than 90% from highs near $9.76, with shares now trading around $0.53. AI Financial posted a $271.5 million net loss for Q1 2026, driven by a $348.3 million unrealised loss on its WLFI holdings, and management has flagged substantial doubt about the company's ability to continue as a going concern within 12 months.
The Trump family is entitled to 75% of the proceeds from World Liberty's crypto token sales, putting their direct gains from the August transaction at roughly $500 million after fees and other expenses. Trump's crypto-related income for 2025 included about $515 million from the sale of tokens released by World Liberty Financial, and $65 million from sales of equity in the holding company.
As part of the broader arrangement, Perpetuals.com has also agreed to explore offering World Liberty Financial's USD1 stablecoin in Europe and to license its trading technology to AI Financial. Both World Liberty Financial and AI Financial declined to comment on the reported sale talks.
Sources:
International Business Times: Trump Family Pockets Half A Billion As Trump-Backed Crypto Firm Moves To Sell Only Revenue-Generating Business
CNBC: Trump family got about $500M from crypto venture as investors saw steep losses
The Crypto Times: Trump-Linked WLFI Treasury Firm to Sell Core Unit for $15M After Token Crash
USD1 od World Liberty Financial se za zhruba patnáct měsíců stal čtvrtým největším stablecoinem na světě, s obíhající nabídkou kolem 4,5 miliardy USD1. Růst táhly hlavně velké institucionální obchody, včetně vypořádání za 2 miliardy USD1 mezi MGX a Binance.
World Liberty Financial’s USD1 has gone from a March 2025 launch announcement to the fourth-largest stablecoin in the world in roughly fifteen months, overtaking PayPal’s PYUSD and Sky’s DAI along the way. Its rise has been driven less by retail adoption than by a handful of enormous institutional deals — most notably a $2 billion settlement between Abu Dhabi-based MGX and Binance that was paid entirely in USD1 — and by the fact that the project sits inside a company co-founded by the Trump family. Here’s what USD1 actually is, how it works, and what to weigh before using it.
Key Takeaways USD1 is a US dollar-pegged stablecoin issued by World Liberty Financial (WLFI) and custodied by BitGo Trust Company under a South Dakota trust charter Reserves consist of cash, short-term US Treasury bills, and government money market funds, verified through monthly AICPA-standard attestations and a live Chainlink-powered proof-of-reserves dashboard Circulating supply has grown from about $3.3 billion at year-end 2025 to roughly $4.5 billion by mid-2026, making USD1 the fourth-largest stablecoin behind USDT, USDC, and Sky’s USDS, according to DefiLlama’s stablecoin tracker USD1 runs natively on around ten blockchains, including Ethereum, BNB Chain, Tron, Solana, Aptos, and the Stripe-backed Tempo L1 World Liberty Financial is majority-owned by a Trump family business entity, which is entitled to a share of token sale proceeds and stablecoin profits — a fact worth knowing before treating USD1 as a neutral financial product USD1 Price Today MetricValuePrice~$0.9987Market Cap~$4.45B24h Volume~$775MCirculating Supply~4.46B USD1Holders~617KRank#4 stablecoin by market cap Live price and supply data via CoinGecko and CoinMarketCap.
Note: as a stablecoin, USD1’s price is designed to stay near $1.00 — deviations of more than a fraction of a cent typically signal peg stress rather than “price movement” in the way a normal crypto asset would show it. For how USD1 fits into the broader market, see today’s crypto market overview.
What Is USD1? USD1 is a fiat-collateralized stablecoin issued by World Liberty Financial, the same company behind the WLFI governance token. Each USD1 is intended to be backed 1:1 by a corresponding dollar held in cash, short-duration US Treasury bills, and other cash equivalents through government money market funds. The stablecoin launched on Ethereum and BNB Chain in March 2025 and was designed from the outset for institutional settlement rather than retail spending — WLFI co-founder Zach Witkoff pitched it at launch as combining “the power of DeFi” with “the credibility and safeguards of the most respected names in traditional finance.”
That institutional framing has largely held up in practice. USD1’s fastest growth has come from large counterparty deals rather than organic retail demand — Forbes reported that Binance-linked wallets held roughly 87% of USD1 supply at one point, and Binance has run multiple liquidity-seeding campaigns, including a booster program that briefly offered up to 20% APR on USD1 deposits before being cut to 8%.
USD1 uses a standard mint-and-burn mechanism: new tokens are created only when an equivalent dollar amount is deposited with the custodian, and tokens are destroyed when holders redeem. BitGo Trust Company — which operates under a South Dakota trust charter — holds the reserves and processes institutional redemptions, typically within one to two business days. Retail holders generally don’t redeem directly with BitGo; instead, they convert USD1 to other stablecoins or fiat through exchanges and DEXs.
Two transparency mechanisms back the peg claim. A monthly attestation report, prepared by an independent accounting firm under 2025 AICPA criteria for asset-backed fiat-pegged tokens, confirms that USD1 tokens outstanding are matched or exceeded by reserve assets. A separate real-time proof-of-reserves dashboard, powered by a Chainlink oracle on Ethereum, shows total reserves, the collateralization ratio, and supply by network on an ongoing basis. World Liberty Financial introduced the live dashboard in February 2026, shortly after a brief depeg incident (more on that below).
It’s also worth knowing where the yield goes: interest earned on the underlying reserve assets accrues to BitGo and World Liberty Financial-affiliated entities — including a Trump-affiliated entity, DT Marks DEFI LLC — rather than to USD1 holders themselves. That’s standard practice across most fiat-backed stablecoins, including USDT and USDC, but it means holding USD1 doesn’t generate yield on its own; any return comes from separately supplying it to a lending protocol.
Which Blockchains Support USD1 USD1 launched on just two networks and has expanded aggressively since:
Ethereum and BNB Chain — the original launch networks and still the deepest liquidity venues Tron — where dollar-stablecoin transfer volume is heavily concentrated Solana — added as USD1 pushed into high-throughput DeFi Aptos, AB Core, Mantle, Monad, Plume, Morph — newer integrations added through 2025 and 2026 Tempo — the Stripe-backed layer-1, where USD1 launched natively in May 2026 as an early TIP-20 token Cross-chain transfers run on Chainlink’s Cross-Chain Interoperability Protocol (CCIP) rather than a proprietary bridge — a deliberate choice, since Circle’s competing CCTP standard is USDC-specific and unavailable to other issuers.
USD1 and World Liberty Financial USD1 can’t really be separated from the company behind it. World Liberty Financial was founded in late 2024 by Zachary Folkman, Chase Herro, and Zach and Donald Trump Jr., alongside other Trump family members, and describes Donald Trump as its “chief crypto advocate.” A Trump family business entity owns 60% of World Liberty Financial and is entitled to 75% of net proceeds from WLFI token sales as well as a share of stablecoin-related profits; by December 2025, the family had reportedly profited around $1 billion from token proceeds alone.
The project has also drawn foreign investment at a scale unusual for a young crypto company. A firm tied to the Abu Dhabi royal family purchased $2 billion of USD1 in 2025, and reporting from the New York Times indicated Abu Dhabi-linked interests separately agreed to acquire a 49% stake in WLFI. These ties, combined with the Trump family’s direct financial stake, have made USD1 a recurring subject of conflict-of-interest reporting rather than a purely technical stablecoin story — worth factoring in alongside the reserve and custody details above.
On the regulatory side, USD1’s structure is built to align with the GENIUS Act, the federal stablecoin law signed in July 2025 that requires full reserve backing, monthly public disclosure, and licensed-issuer status for payment stablecoins. Implementation is still ongoing through 2026, and in January 2026 a World Liberty trust entity applied for a US national banking charter, which — if granted — would give the issuer direct bank-grade infrastructure instead of relying solely on BitGo as custodian.
USD1 vs. USDT vs. USDC USD1USDTUSDCIssuerWorld Liberty FinancialTetherCircleMarket cap (mid-2026)~$4.5B~$170B+~$73BCustodianBitGo TrustTether InternationalRegulated banking partnersReserve attestationMonthly (AICPA standard)QuarterlyMonthlyChains~10, incl. Ethereum, BNB Chain, Tron, Solana15+20+Primary use caseInstitutional settlement, DeFi collateralTrading pairs, EM remittanceRegulated payments, DeFi USD1 is far smaller than the two incumbents and has no realistic path to displacing either in the near term. Its differentiation is regulatory positioning and political access rather than scale: it launched compliance-first under a framework built toward the GENIUS Act, and its sponsors have secured settlement deals — like the MGX-Binance transaction — that smaller or newer stablecoins typically can’t access.
Risks Worth Knowing USD1 briefly depegged to around $0.994 in February 2026, an incident WLFI attributed to a coordinated attack on co-founders’ social media accounts — a claim that hasn’t been independently verified. The peg recovered within roughly 30 minutes and reserves were confirmed intact, but the episode prompted the launch of the real-time proof-of-reserves dashboard described above.
Supply concentration is a separate concern: with the bulk of USD1 historically held in Binance-linked wallets, the token’s liquidity and price stability depend heavily on a small number of large holders rather than a broad, diversified base. World Liberty Financial’s own risk disclosures also note that USD1 is not legal tender and not deposit-insured, and that BitGo or WLFI-affiliated parties retain the ability to freeze or block specific addresses — a level of centralized control that’s common among regulated stablecoins but worth being aware of before treating USD1 as equivalent to holding cash.
Finally, USD1 is young and its issuer is young: World Liberty Financial has faced congressional scrutiny over conflicts of interest and, separately, a defamation lawsuit tied to public criticism of the project. None of this affects whether current reserves back current supply, but it’s relevant to how much institutional trust the project can sustain if political or legal pressure increases.
Where to Buy USD1 USD1 is listed on most major centralized exchanges as well as several DEXs:
Binance — deepest liquidity, multiple pairs including USD1/USDT and BTC/USD1 Coinbase — added USD1 support as part of WLFI’s push for mainstream accessibility Kraken, OKX, Bybit, Gate, MEXC, Bitget Raydium and PancakeSwap for on-chain swaps via Solana and BNB Chain respectively Self-custody wallets that support USD1’s underlying networks (MetaMask, Phantom, and similar) can hold the token directly using its contract address once added manually or through an exchange’s “add to wallet” integration.
Frequently Asked Questions What is USD1 stablecoin? USD1 is a US dollar-pegged stablecoin issued by World Liberty Financial, a company co-founded by members of the Trump family. It's backed 1:1 by cash and short-term US Treasury securities held through custodian BitGo Trust, with monthly reserve attestations and a real-time proof-of-reserves dashboard.
How do I buy USD1 stablecoin? USD1 trades on major exchanges including Binance, Coinbase, Kraken, OKX, and Bybit, as well as decentralized exchanges like Raydium and PancakeSwap. Create an account on a supported exchange, deposit funds, and trade for USD1 directly or swap another stablecoin like USDT or USDC for it.
Who owns USD1 stablecoin? USD1 is issued by World Liberty Financial, which is majority-owned by a Trump family business entity entitled to 75% of net token sale proceeds and a share of stablecoin profits. Reserves backing USD1 are held by custodian BitGo Trust Company, not by World Liberty Financial directly.
Which blockchain is USD1 on? USD1 runs natively on roughly ten blockchains, including Ethereum, BNB Chain, Tron, Solana, Aptos, and the Stripe-backed Tempo network. Cross-chain transfers use Chainlink's CCIP protocol rather than a single native chain.
Is USD1 safe? USD1 is backed by cash and short-term US Treasuries held with a regulated custodian and publishes monthly attestations, similar to USDC's model. It briefly depegged in February 2026 but recovered within 30 minutes with reserves confirmed intact. As with any stablecoin, it isn't deposit-insured or legal tender, and holders should weigh custodial and issuer-concentration risk before use.
Zebec integroval stablecoin USD1 od World Liberty do celého ekosystému, včetně mezd, plateb a výnosů. USD1 je nyní nativně podporován v aplikaci Zebec Super App i na kartách ZebecCards.
USD1 Goes Live Across Zebec's Full Platform@Zebec_HQ has integrated @worldlibertyfi's $USD1 stablecoin into its entire ecosystem, covering payrolls, payments, and yield. The move positions $USD1 as a core settlement asset within Zebec's financial infrastructure and extends the stablecoin's real-world utility beyond trading and DeFi.
According to CryptoNews, $USD1 is now supported natively inside the Zebec Super App, meaning teams can use the stablecoin directly within the existing platform without bridging to another network or switching tools. Users with @ZebecCards can also receive payroll spend in $USD1, and the integration provides direct access to WLFI markets from within Zebec.
Zebec has also indicated it plans to add further yield solutions later this year, signalling that the $USD1 integration is a starting point rather than a finished product.
What USD1 Brings to Zebec's InfrastructureTimes of Blockchain reports that the rollout reaches more than 65,000 workers across the US and global markets, giving staff the ability to receive, use, and move $USD1 via wallets and cards issued by Zebec. Employees can also access funds through Zebec-issued cards, linking blockchain settlement with everyday payment rails.
$USD1 is custodied by BitGo Trust Company and backed by cash and short-duration US Treasury bills held through government money market funds. Launched in March 2025, the stablecoin had grown to a circulating supply near $4.5 billion by Q1 2026, making it one of the fastest-growing fiat-backed stablecoins in the market.
For Zebec, the integration also aligns with the platform's broader institutional ambitions. Zebec completed its final ZBCN token unlock in March 2026, shifting to a deflationary revenue-funded buyback model, and has been expanding its payroll infrastructure across multiple blockchains. The addition of $USD1 reinforces its position as a multi-chain payroll and payments platform targeting enterprise-scale adoption.
Sources:
CryptoNews: World LibertyFi's USD1 Is Now Live In The Zebec Super App
Times of Blockchain: Zebec Expands USD1 Daily Payroll to 65K+ Global Workers
Eco: USD1 Stablecoin by World Liberty Financial
Elizabeth Warren chce přísnější pravidla, která by Donaldu Trumpovi a jeho rodině zabránila vydělávat na kryptu. Nové finanční přiznání ukázalo příjmy přes 1,2 miliardy USD v roce 2025.
Sen. Elizabeth Warren (D-Mass.) pushed for stronger legislation to bar President Donald Trump and his family from profiting off cryptocurrency, after new disclosures on Tuesday revealed income in excess of $1 billion in 2025.
Warren Demands Improved Crypto BillWarren said that the cryptocurrency legislation, i.e., the Clarity Act, eligible for a full floor vote in the Senate, must have provisions to stop Trump and his family from making money from cryptocurrency ventures.
Steve Rattner, a well-known Wall Street financier, weighed in on the financial benefits of the “Trump family’s White House self-dealing.”
‘Not A Good Look’Lawrence Lepard, an investment manager and Austrian economist, said that the disclosure didn’t give a “good look” and could spark political backlash against cryptocurrency if Democrats regain power.
Former Trump White House lawyer Ty Cobb was sharply critical of Trump’s cryptocurrency fortune, deeming it as “greatest onslaught of corruption in the history of mankind.”
Trump Made A Bomb With CryptoAccording to financial disclosure released on Tuesday, Trump’s cryptocurrency ventures netted him roughly $1.2 billion in 2025, the very first year of his presidency.
The windfall included over $520 million from the sale of tokens issued by World Liberty Financial and more than $635 million in royalties collected from the Official Trump (CRYPTO: TRUMP) memecoin.
The White House didn’t immediately return Benzinga’s request for comment.
Photo courtesy: Sheila Fitzgerald on Shutterstock.com
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Trumpovo finanční přiznání ukázalo asi 646 milionů USD z kryptoměnových aktivit, což překonalo jeho příjmy z nemovitostí a resortů. Nejvíc vynesl World Liberty Financial s asi 588 miliony USD z prodeje tokenů.
According to Donald Trump’s 2025 financial disclosure, the former US President’s income from cryptocurrency-linked ventures soared to approximately $646 million. The filings show that revenue from the Trump family’s digital asset activities outpaced other sources during a period marked by friendlier administration policies toward crypto. However, critics argue that this surge in income has reignited debates about potential conflicts of interest.
Crypto revenues take the leadOne of the most notable entries in the disclosure is World Liberty Financial, a decentralized finance (DeFi) platform operated by the Trump family, which generated about $588 million through token sales. DeFi platforms facilitate financial transactions on the blockchain without intermediaries—offering an alternative to traditional banking systems.
Glossary: DeFi refers to blockchain-based services delivering financial products without the need for traditional intermediaries, such as banks or brokers. A cold wallet is a type of storage method that keeps digital assets offline, enhancing security against online threats.
Trump’s crypto-related earnings surpassed even his well-known real estate and resort income. The disclosure listed more than $290 million in combined revenue from Florida’s Mar-a-Lago Club and various golf resorts and vacation properties.
Income SourceAmountTotal crypto-linked incomeApproximately $646 millionWorld Liberty Financial token salesApproximately $588 millionReal estate and resort incomeOver $290 millionWhite House Deputy Press Secretary Anna Kelly argued that Trump has positioned the US as a global crypto leader, insisting that neither the former president nor his family face any conflicts of interest and will continue to avoid such situations in the future.
Bitcoin and Ether holdings declaredThe disclosure also revealed that Trump holds more than $50 million in Bitcoin stored in cold wallets. In addition, he reported between $5 million and $25 million in Ether, along with declarations of USDC and USD Key assets.
Throughout 2025, the Trump administration gained attention for introducing more crypto-friendly regulatory frameworks, executive actions supporting digital assets, and policy choices favoring the sector. As a result, crypto markets reached all-time highs, further boosting revenues from the family’s digital ventures.
Criticism and responseThe Trump Organization defended the scope of the financial disclosure, stating it demonstrates a commitment to transparency. The company highlighted that the detailed nature of these documents serves to inform the public.
Robert Weissman, co-president of the advocacy group Public Citizen, contended that Trump’s personal financial interests are now closely tied to the crypto industry, warning that this could pave the way for regulations potentially harmful to consumers and financial stability.
Public Citizen, a nonprofit focused on consumer rights, issued a sharp critique of the earnings report. The organization has called on Congress to investigate potential conflicts of interest and take appropriate action if necessary.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
WLFI je čistě governance token: dává právo hlasovat o WLF Protocol, ale ne dividendy, podíl na příjmech ani vlastnický nárok. Zisk z 2% stakingu je jen pobídka financovaná z treasury pro stakery, kteří drží 180 dní a hlasují alespoň ve dvou hlasováních.
WLFI Is a Governance TokenOwning WLFI tokens gives you one thing: the right to participate in governance of the WLF Protocol. The official risk disclosures are direct about this.
Holding the token does not provide any right to any dividend, reward, airdrop, or other distribution or form of income. If that framing sounds narrow, that is because it is supposed to be. The project explicitly says holders do not receive returns, dividends, airdrops, distributions, or any financial interest in World Liberty Financial LLC or its affiliates.
World Liberty Financial (WLF) is a DeFi protocol backed by the Trump family that launched its governance token, WLFI, in October 2024. The token sale raised a total of $550 million. 20% of the total token supply was offered at a fully diluted valuation of $1.5 billion, and as demand increased, an additional 5% was offered at a fully diluted valuation of $5 billion.
As of late June 2026, WLFI trades at approximately $0.058, with a circulating supply of roughly 31.77 billion tokens and a market cap of approximately $1.85 billion.
What WLFI Token Holders Actually GetUnderstanding the token requires separating what is currently live from what is proposed or pending.
Governance Voting RightsHolders can steer the future of the platform by proposing and voting on changes to protocol rules and parameters through the WLF Governance Platform. Voting happens through Snapshot, an off-chain voting tool widely used in DeFi.
Each WLFI token represents one vote. No single wallet or affiliated group may vote with more than 5% of the outstanding votable token supply, regardless of the total tokens held. This cap is intended to limit concentration of control.
There are practical limits here worth noting. World Liberty Financial is a Delaware non-stock corporation that screens proposals, uses off-chain Snapshot voting, and implements outcomes through multisignature wallets under company control, so token votes can be filtered or overruled for legal or operational reasons. That is meaningfully different from a DAO where on-chain votes automatically execute code.
Access to the WLFI Markets Lending PlatformThrough WLFI Markets, users can supply assets to earn potential rewards or use their digital assets as collateral to borrow funds. This lending and borrowing service is powered by the Dolomite protocol and launched in January 2026.
Cross-Chain Transfers and Conversion ToolsUsers can transfer USD1 or WLFI tokens between integrated networks and quickly convert other cryptocurrencies for USD1 or WLFI and vice versa. The bridge currently supports Ethereum and Solana.
A Staking Yield Mechanism (Passed, Rolling Out)A governance proposal introduced in February 2026 passed with 99.16% community approval and is now being implemented. Under the system, unlocked WLFI tokens must be staked for at least 180 days to gain governance rights. Stakers who participate in at least two governance votes during their lock period earn a base reward with a 2% annualized yield target, funded from the WLFI treasury.
The system also introduces tiered participation levels. Participants staking at least 10 million WLFI, roughly $1 million at recent prices, are labeled "Nodes" and gain access to licensed market makers to convert USDT and USDC into USD1 at a 1:1 rate. Those staking more than 50 million WLFI are designated "Super Nodes," with benefits that include priority access to partnership discussions with the development team.
Token Supply and Allocation ContextWLFI has a maximum supply of 100 billion tokens. The initial token allocation was heavily concentrated, with 33.5% allocated to the team and advisors. Of that 33.5%, 22.5% is held by the Trump family and affiliated business entities.
Some sources place the combined non-public allocation even higher. Reports indicate approximately 70.8% of the supply is allocated to the founding team, advisors, and service providers, with the 33.5% figure covering the formal team and advisor category specifically. Either way, public token buyers hold about a third of all tokens, meaning insiders could outvote outsiders on every governance proposal.
It is also worth noting that the public $550 million raise was not the full picture. A Bloomberg investigation revealed that after the two public fundraising rounds, World Liberty Financial sold an additional 5.9 billion WLFI tokens to accredited private investors in transactions that were not publicly disclosed, potentially raising hundreds of millions of dollars more, with a significant portion of proceeds going to founder-affiliated entities. This undisclosed sale was discovered by intelligence platform Tokenomist(.)ai after examining World Liberty's governance filings.
What Does WLFI Token NOT Give You?This is where many buyers have been caught off guard.
No dividends or equity-style returns from protocol revenues. The Gold Paper states that WLFI is not equity or a share in any entity, does not confer any financial interest in any entity, and does not provide a right to any return, dividend, airdrop, or other distribution from protocol operations. Note that the 2% annual staking yield introduced in February 2026 is not a dividend or revenue share. It is a treasury-funded incentive paid only to holders who stake their unlocked tokens for 180 days and vote in at least two governance proposals. It is participation-based, not passive, and comes from the WLFI treasury, not from protocol profits.
No ownership in World Liberty Financial. The token provides governance input over the WLF Protocol only, not the company itself. The token does not provide any economic or other rights with respect to the WLF Protocol or otherwise. Token holders will not have any rights to any fees generated by the WLF Protocol or earned by the company.
No guaranteed liquidity. Early buyers faced long lock-up periods. On around September 1, 2025, 20% of tokens purchased during early rounds became available for unlocking. The WLFI community then passed a governance proposal in May 2026 establishing a structured unlock schedule for remaining locked tokens. Holders who do not accept the unlock schedule keep their tokens locked indefinitely, though they retain governance voting rights.
No share of protocol revenues for retail holders. According to the official Terms and Conditions, all net protocol revenues are split entirely between insider entities. DT Marks DeFi, LLC and its affiliates, including Donald J. Trump, are entitled to 75% of net protocol revenues from any sources, after deduction of agreed reserves and expenses. The remaining 25% goes to other WLF directors, officers, advisors, promoters, and service providers. Retail WLFI holders receive none of it. The USD1 holding campaigns run by Binance and Bybit distribute WLFI tokens as incentives, but those are exchange-run marketing programs using WLFI from the treasury allocation, not distributions of protocol revenue to retail holders.
Is WLFI Governance Real or Mostly Symbolic?Even the most engaged prior vote attracted only 11.1 billion WLFI in voting power, with a quorum of just 1 billion required to pass proposals. That is a low bar for a token with 100 billion total supply, suggesting most holders do not actively participate. The February 2026 staking proposal received overwhelming support but more than 76% of the voting power came from just ten users, raising persistent questions about whether governance is truly decentralized.
The Justin Sun dispute in April 2026 sharpened those concerns further. Sun claimed that he had been denied the voting rights he had been promised for the WLFI token and that wallets had been frozen. Sun's allegations, if true, reveal that World Liberty retained sweeping unilateral control over WLFI. World Liberty Financial denied wrongdoing and the matter went to federal court in California.
The HTX incident in June 2026 made the freeze function even more visible. WLFI froze on-chain addresses linked to HTX on June 5, 2026 with no prior notice, locking assets belonging to individual retail users. HTX suspended four WLFI and USD1 trading pairs, converted all user USD1 balances to USDT at 1:1, and fully delisted USD1 on June 7, 2026.
The root cause was that the UK designated Huobi Global S.A., the entity linked to HTX, under Russia sanctions on May 26, 2026, and WLFI cited its sanctions compliance framework as the basis for restricting token circulation on HTX-linked addresses. HTX stated the frozen assets belonged to individual retail users, not to any sanctioned entity, and formally demanded WLFI lift the freeze.
WLFI Tokenomics: The Numbers You Should KnowOn the supply side, the circulating supply currently stands at approximately 31.77 billion tokens, representing 31.77% of the 100 billion maximum supply. This is a meaningful increase from the roughly 27 billion figure reported earlier in 2026, reflecting tokens released through the structured unlock schedule passed in May 2026.
The protocol intends to use its net revenue to repurchase WLFI tokens from the open market and burn them, permanently removing tokens from circulation to reduce the overall supply. Token burns are a common tokenomics tool across DeFi projects to manage circulating supply over time, used by projects like BNB and others, though the effect depends on burn volume relative to total supply.
On the ecosystem front, Binance Wallet launched a campaign from June 19 to July 18, 2026, distributing 16 million WLFI tokens to users who interact with the USD1 stablecoin on partner protocols like PancakeSwap, Lorenzo Protocol, and Lista DAO, with eligible activities including lending, staking, and providing liquidity. This is the most active exchange-level incentive campaign currently running within the ecosystem.
ConclusionWLFI is a governance token that gives holders a capped vote on WLF Protocol decisions, access to a lending and borrowing platform via WLFI Markets, cross-chain transfer tools, and a participation-based 2% annual staking yield for those who commit to a 180-day lock and actively vote. It does not give holders dividends, revenue sharing, equity in World Liberty Financial, or any guaranteed return.
The project has exercised its on-chain freeze function in multiple high-profile disputes, including against Justin Sun's wallet in 2025 and HTX-linked user addresses in June 2026. Anyone evaluating WLFI should read the official risk disclosures carefully, track the ongoing unlock schedule, and treat the freeze function as a live variable in any risk assessment.
ResourcesWorld Liberty Financial Risk Disclosures – Official token rights, limitations, and holder obligationsWorld Liberty Financial Token Unlock – Full unlock schedule, eligibility, and smart contract processWorld Liberty Financial Official Site – WLFI Markets, AgentPay SDK, and bridge toolsCoinMarketCap: WLFI – Live price, circulating supply, and market cap dataTokenomist: WLFI Vesting Schedule – Circulating supply breakdown and full unlock timelineDuke FinReg Blog: Is WLFI an Unregistered Security? – Legal analysis of the Gold Paper and securities classificationThe Block: WLFI Staking Governance Proposal – Original reporting on the 180-day staking and 2% yield proposalCoinPaprika: HTX Delists USD1 After WLFI Freeze – Full timeline of the June 2026 HTX freeze and USD1 delistingBitcoinist: WLFI Undisclosed Token Sales – Bloomberg investigation into undisclosed 5.9 billion WLFI token salesCoinMarketCap: WLFI Latest Updates – June 2026 Binance campaign details and current ecosystem news
World Liberty Financial zahájila kroky k zalistování WLFI na kryptoburzách. Token, původně nepřevoditelný governance token, se už na sekundárním trhu obchoduje mezi 0,13 až 0,18 USD.
World Liberty Financial, a decentralized finance (DeFi) platform backed by President Donald Trump and his family, is poised to launch its WLFI token, which could hold significant profits for early investors.
WLFI Token Launch Approaches The company announced on July 4 that it has initiated steps to have its flagship token listed on cryptocurrency exchanges, marking a crucial milestone after months of anticipation.
The WLFI token, which was introduced last year as a non-transferable governance token, is designed to facilitate community voting on the project’s future direction.
Secondary market trading has already commenced on platforms like Whales.market and MEXC, where WLFI has recently traded between $0.13 to $0.18, a notable increase from its initial sale prices of $1.5 and $0.5.
According to the project’s white paper, entities affiliated with the Trump family may collectively hold about one-third of WLFI’s total supply of 100 billion tokens. At current prices, these holdings could represent billions of dollars on paper.
Bruno Ver, market expert and investor in the WLFI token, expressed optimism about its potential value, predicting it could reach between $2 and $5 in the near future.
If the token were to climb to $2, the stake held by the founding entities could theoretically be worth around $60 billion, making it one of the most lucrative Trump-related crypto ventures to date.
Recent estimates suggest that crypto businesses have already added approximately $620 million to Donald Trump’s personal net worth, according to the Bloomberg Billionaires Index.
Experts Warn Of Risks Despite the enthusiasm surrounding WLFI, the White House has emphasized that President Trump is distanced from his business interests, having placed his assets in a family-controlled trust.
The current proposal for token release, dated July 4, aims to unlock a portion of tokens held by “early supporters,” although the term lacks a specific definition within the documentation.
Remaining tokens, including those held by founders and team members, would be subject to future votes and longer lock-up periods to signal a commitment to the project. The proposal is expected to undergo discussion and voting on the Snapshot platform, with a potential timeline extending into August.
However, experts caution that the path to a successful launch might come with risks for early holders. Lex Sokolin, managing partner at Generative Ventures, pointed out that tokens with substantial founder and investor allocations often experience significant price declines over time.
World Liberty Financial’s token launch and the Trump family’s increased interest in digital assets comes on the heels of notable regulatory changes in the US as the Securities and Exchange Commission (SEC) has adopted a more lenient stance toward crypto.
This may signal a sense of confidence from WLFI regarding regulatory scrutiny. Hilary Allen, a law professor at American University, noted that this shift suggests WLFI no longer perceives a threat from the SEC.
The 1D chart shows Trump’s official memecoin struggling to break free from its current downtrend. Source: TRUMPUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com
Senátní demokraté vyzvali republikánské vedení Senátu k zahájení slyšení ohledně údajné dohody za 500 milionů USD mezi kryptofirmou rodiny Trumpa a královskou rodinou z Abú Zabí. Chtějí slyšení i výpovědi úředníků administrativy pod přísahou.
A group of US Senate Democrats is urging Senate Republican leaders to hold hearings into a reported $500 million deal between the Trump family’s crypto firm and Abu Dhabi royalty.
In a letter on Tuesday, the Democrats told Republicans, who control the Senate, lead its committees and decide on hearings, that they should “immediately hold hearings” into the deal and have Trump administration officials testify about it under oath.
The Wall Street Journal reported in January that an Abu Dhabi investment company backed by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser, signed a deal in January 2025 to buy a 49% stake in World Liberty Financial, the crypto platform tied to US President Donald Trump.
Months later, in May 2025, the Trump administration made a major arms and artificial intelligence chip deal with the UAE, which the Democratic senators said came “despite concerns raised by US national security officials that China could access the chips.” Trump has said he wasn’t aware of the World Liberty deal.
The letter is the Democrats' latest bid to probe World Liberty Financial’s dealings and its possible ties to decisions the president has made. Both Trump critics and supporters have criticized the perceived conflict of interest posed by the Trump family’s sprawling crypto interests amid Trump’s push to deregulate the sector.
Donald Trump (right) meeting with Tahnoon bin Zayed Al Nahyan (centre) at the White House in March 2025. Source: The White House
“We are deeply concerned about this series of events, which raise questions about what more the UAE may receive — or may have already received — at the expense of US national security after investing in the Trump family crypto company,” the Democrats wrote.
“Congress has a responsibility to investigate the details of the reported investment and whether it influenced subsequent actions by President Trump and the Trump Administration,” they added.
The senators said that they’re also concerned about the Trump administration’s “steps to weaken enforcement” by exempting crypto service providers from financial services regulations and disbanding the Justice Department’s crypto enforcement team.
Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin and Ron Wyden signed the letter.
Warren has called for an investigation into the UAE deal before, urging Treasury Secretary Scott Bessent in February to determine if the deal should be subject to a Committee on Foreign Investment probe.
Earlier this year, Democrats pressed Securities and Exchange Commission Chair Paul Atkins over the decision to drop a fraud case against Justin Sun, a major World Liberty Financial backer.
In May, Democratic Senator Peter Welch and Representative Dave Min launched a probe into Trump’s pardons, including that of Binance co-founder Changpeng Zhao.
The pardon came after Binance accepted a $2 billion investment from an Abu Dhabi fund in early 2025 and agreed for the funds to be paid in World Liberty Financial’s stablecoin, USD1.
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Objem USD1 v oběhu za posledních sedm dní vzrostl o 9,7 % na 4,85 miliardy USD a stablecoin od World Liberty Financial se tak dostal před Sky’s USDS v čistých týdenních přílivech.
USD1's circulating supply expanded 9.7% over the past seven days to $4.85 billion, a 100th-percentile move that pushes the World Liberty Financial-issued stablecoin past Sky's USDS in net weekly inflows.
USD1's circulating supply expanded 9.7% over the past seven days to $4.85 billion, a 100th-percentile move on the World Liberty Financial-issued stablecoin's three-month supply history.
The dollar increase works out to roughly $427 million in new tokens between Monday last week and Sunday, according to DefiLlama's stablecoin tracker. USD1's 30-day change is under 1%, so nearly the entire move happened in the past nine days, after a mid-June low of $4.34 billion. The asset is now the fourth-largest dollar-pegged stablecoin, behind Tether, USDC and Sky's USDS.
USD1 circulating supply, March 25 to June 22, 2026. Trough $4.34B on June 13; peak $4.84B on June 22, a 9.7% seven-day expansion. Source: DefiLlama.Where the Tokens LiveUSD1 circulates across eight chains, with Ethereum carrying $1.99 billion (41%), BSC $1.80 billion (37%) and Solana $1.02 billion (21%). Aptos, Tron, Plume, Monad and Abcore split the remainder. The stablecoin is described by issuer World Liberty Financial as backed by U.S. Treasuries and cash equivalents, with mint and redeem flows handled by authorized institutional partners against custodied reserves. DefiLlama's record for the token lists no public audit attestation.
Two Top-10 Stablecoins Went the Other WayTwo other stablecoins in the same size tier contracted over the same window, while the overall stablecoin market cap was flat at $315.5 billion. Sky's USDS supply dropped 3.5% in seven days to $8.16 billion, shedding roughly $295 million, per DefiLlama. PayPal's PYUSD slipped 1.1% on the week to $2.74 billion and is down 24% over 30 days, a trajectory PayPal has not publicly addressed.
The three coins span the $2 billion to $9 billion supply band and overlap on institutional and payments use cases. USD1 added net supply in the same seven days the other two lost it.
What's Driving the MintTwo recent USD1 distribution channels could plausibly account for new issuance: Aster's announcement that its real-world-asset perpetuals would settle exclusively in USD1, and World Liberty Financial's payout of UFC Freedom 250 prize money in USD1 at the White House earlier this month.
WLFI, the project's governance token, trades at $0.0591 with a $1.88 billion market cap and is down 2.1% on the week, according to DefiLlama's price feed. The rebound is concentrated in the stablecoin, not the governance token.
