🚨 Trump Family’s Crypto Empire: The Plot Thickens 🤑
It appears that the Trump family’s grasp on the world of cryptocurrency is tighter than a Moscow winter. The latest report from Reuters reveals that Donald Trump and his kin have a stranglehold on World Liberty Financial (WLF), a decentralized finance (DeFi) platform, with a whopping 60% stake in the firm.
One cannot help but wonder what Eric Trump, the elder Trump son, was thinking when he endorsed this venture. Was it a clever ploy to line his family’s pockets or simply a case of the old “I’m with stupid” look? 🤔
The report also states that co-founders Zak Folkman and Chase Herro have been removed as the “controlling parties” of the platform, while the new leadership remains a mystery, much like the meaning of life. 🤷♂️
According to the report, the firm DT Marks DEFI LLC, an entity affiliated with Donald J. Trump and his family members, owns approximately 60% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial Inc. Ah, the intricacies of corporate structures, how they fascinate and confuse us! 😴
It’s estimated that the Trump family is currently entitled to about $400 million in fees, a sum that would make even the most seasoned gambler green with envy. After World Liberty’s co-founders take their cut, the crypto venture will be left with a paltry 5% of the $550 million raised to date to build the platform. One can only imagine the looks on their faces when they receive their checks. 🤑
Other notable figures associated with World Liberty Fi include Zach Witkoff, son of former Trump Middle East envoy Steven Witkoff, and Rich Teo, co-founder of blockchain infrastructure firm Paxos. One wonders what they see in this venture, besides the promise of easy riches, of course. 💸
As the Trump family’s grip on the world of cryptocurrency tightens, one cannot help but think of the great Russian novelist, Leo Tolstoy, who once said, “Happy families are all alike; every unhappy family is unhappy in its own way.” It seems that the Trump family is happy, and their unhappiness is reserved for those who dare to question their motives. 😏
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2025-03-31 22:45