Trump’s Family Was Set To Recieve 75% Of WLF Crypto Revenue. However, Plan Changed

Donald Trump played a masterstroke when he involved crypto in his presidential election campaign. Unlike Biden, Trump made it his onus to be more crypto-friendly. As a result, he made significant strides as soon as he came to power. He started by restructuring the SEC, a former organization tasked with keeping a check on crypto. Now, it is more of a regulatory body driven towards streamlining crypto.  

Trump has also brought another privately-owned company, World Liberty Financial, to oversee the crypto community. In October 2024, the organization recently released a statement consisting of 13 pages laying down the organization’s mission, token allocation, etc. The document also suggested that the Trump family could take home around 75% of the net revenue.  

As per the WLF Gold Paper, President Trump and his family will receive around 22 billion $WLF tokens. $WLF is the organization’s native token. The current value of the token stands at 1.5 cents. Therefore, the total valuation of the 22 billion $WLF at the time of the trade was around $337.5 million.  

Change In Decision 

However, in recent developments, there have been some changes in the whole deal. The document released by WLF on Thursday states that Trump and his family members are not on the WLF’s functioning committee and hold no stake in the company. As a result, the family will not be assuming liability. Such a sharp change in the WLF’s tonality amidst major crypto upheaval could suggest a change of plans. Follow for more crypto news.