A Crypto Venture with a Political Twist
World Liberty Financial launched last fall with a bold mission: to revolutionize decentralized finance (DeFi) by cutting out banks. But instead of democratizing finance, it became a lightning rod for controversy when the Trump family took control.
The $550M Fundraising Frenzy
After a slow start, token sales soared following Trump’s election victory. By March 2025, the firm had raised $550 million, mainly from big investors, over 70% of whom contributed more than $100,000. However, despite the massive influx of funds, the tokens remained non-tradable, leaving holders with little real power or influence.
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The Trump Family’s Windfall
In January, fine print changes revealed the Trumps now controlled 60% of the venture. They’re set to claim $400 million in fees, leaving just 5% of funds to build the actual platform. Experts called it “unusually centralized” for DeFi.
Critics Cry Foul
Ethics experts and political opponents slammed the move, warning of conflicts of interest. “It’s the perfect vehicle for foreign money to influence the president,” said a former banking regulator. Meanwhile, token holders have no profit-sharing rights—unlike other DeFi projects.
The Backstory: How It All Began
The project started with two crypto entrepreneurs, Folkman and Herro, who connected with the Trumps through a mutual friend. Despite their past ventures ending in lawsuits and unpaid debts, the Trumps were sold on their DeFi pitch.
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What’s Next for World Liberty?
The platform is still in development, with no public launch yet. While it promises innovations like a stablecoin, skeptics question whether it’s more about profits than decentralization.
As the Trump family expands its crypto empire, one thing is clear: World Liberty Financial is rewriting the rules of DeFi—but not everyone likes the new playbook.
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