President Trump Nets $390M from DEFI Project

President Donald Trump and DT Marks DEFI LLC have generated approximately $390 million in revenue from their Ethereum-based decentralized finance project, primarily from promotions.

On Monday, World Liberty Financial revealed that it had completed its second round of token sales, totaling $550 million from sales of its native governance token, WLFI.

While Trump is a promoter of World Liberty, he is not directly involved in the project. However, he is entitled to 75% of the project’s net revenues after operational expenses.

Out of the $550 million raised, $30 million is allocated for company expenses, and Trump and his partners will receive $390 million from the remaining funds as compensation for promoting the project and allowing the use of his name.

The distribution of profits from the LLC remains unclear, although it’s based in Jupiter, Florida, at the Trump Organization’s executive offices.

Initially, the project struggled to attract investors, only selling less than $15 million worth of WLFI by October, far below its $300 million sales goal. However, interest surged following Trump’s recapture of the White House, with investors like Tron’s Justin Sun buying significant amounts of WLFI.

The SEC has paused its ongoing fraud lawsuit against Sun to explore a possible resolution.

Trump faces scrutiny over conflicts of interest related to his crypto ventures at a crucial time for crypto regulation. Additionally, a TRUMP meme coin project entitles his companies to hold over $9 billion worth of tokens at present prices. Recently, David Sacks, Trump’s AI and crypto advisor, called the president’s crypto projects “irrelevant” to regulatory matters.