{"id":19937,"date":"2025-03-31T19:01:58","date_gmt":"2025-03-31T19:01:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19937"},"modified":"2025-03-31T19:01:58","modified_gmt":"2025-03-31T19:01:58","slug":"trump-family-tightens-grip-on-defi-platform-world-liberty-financial","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19937","title":{"rendered":"Trump Family Tightens Grip On DeFi Platform World Liberty Financial"},"content":{"rendered":"<div>\n<p>The Trump family has significantly increased its control over <strong>World Liberty Financial<\/strong>, <a href=\"https:\/\/www.benzinga.com\/25\/03\/44475966\/trump-backed-world-liberty-financial-confirms-dollar-stablecoin-plans-with-bitgo\">a decentralized finance platform still under development<\/a>. <\/p>\n<p><strong>What Happened: <\/strong>According to a Reuters report published Monday, the shift follows a second WLFI token sale in January that brought the platform&#8217;s total <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/03\/44327489\/trump-backed-world-liberty-financial-raises-590m-in-token-sales?adt_ei=%7B%7Bemail%7D%7D&amp;he=%7B%7Bemail%7D%7D&amp;el=FutureFinance\">fundraising to $550 million<\/a>.<\/p>\n<p>Two of the platform&#8217;s original co-founders, <strong>Zak Folkman<\/strong> and <strong>Chase<\/strong> <strong>Herro<\/strong>, have reportedly been removed from their positions as controlling parties. <\/p>\n<p>A newly established parent company, WLF Holdco LLC\u201460% owned by <strong>DT Marks DeFi LLC<\/strong>, an entity linked to <strong>Donald Trump<\/strong> and his family\u2014now oversees the protocol&#8217;s development and governance. <\/p>\n<p>The Trump-affiliated entity replaces Folkman and Herro as the sole directors of World Liberty Financial Inc., according to corporate disclosures.<\/p>\n<p>World Liberty had previously stated that the Trump family would be entitled to 75% of the net revenue from WLFI token sales. <\/p>\n<p>That share, combined with the new &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/03\/44569369\/trump-family-tightens-grip-on-defi-platform-world-liberty-financial\" alt=\"Trump\" family tightens grip on defi platform world liberty financial>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Trump family has significantly increased its control over World Liberty Financial, a decentralized finance platform still under development. What Happened: According to a Reuters report published Monday, the shift follows a second WLFI token sale in January that brought the platform&#8217;s total fundraising to $550 million. Two of the platform&#8217;s original co-founders, Zak Folkman [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19937","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19937"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19937\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}