Trump’s Crypto Venture Revenue

President Donald Trump and principals of DT Marks DEFI LLC have netted around $390 million from their Ethereum-based decentralized finance project for promotional efforts.

On Monday, World Liberty Financial announced the successful completion of its second token sale round, totaling $550 million from selling its native governance token, WLFI.

While Trump is a promoter and not an active participant, he receives 75% of the net revenues, according to World Liberty’s gold paper. This amount totals approximately $390 million after covering operating costs.

From the WLFI sales, $30 million will cover company expenses and obligations, with Trump and partners set to receive 75% of the remaining amount.

It’s unclear who else will benefit from the LLC’s funds, which is based in Jupiter, Florida, at the Trump Organization’s office. Initially, the project struggled to sell WLFI tokens but gained traction after Trump’s return to the White House, leading to significant investments, including a purchase by Tron blockchain founder Justin Sun, who later became an advisor.

Following Trump’s return, he has faced scrutiny over potential conflicts of interest linked to his personal investments in crypto as his administration approaches decisions on crypto regulation.

Additionally, the TRUMP meme coin could entitle Trump’s companies to hold over $9 billion worth of tokens. Recently, David Sacks, Trump’s AI and crypto czar, referred to the president’s crypto projects as “irrelevant” concerning industry regulation.