According to The Block, the Trump family appears to be strengthening control of WLFI. WLFI was announced before Trump took office, but is still in development. The Trump family further consolidated control of World Liberty in January by establishing WLF Holdco LLC, according to a report released by Reuters on Monday. Among them, DT Marks DeFi LLC is an affiliated entity of Trump and some of his family members, holding 60% of the new company WLF Holdco LLC, which holds the sole membership of WLFI, and is responsible for overseeing the development and operation of the WLFI governance platform. While the remaining 40% of the attribution is unclear, the adjustment makes it seem like WLFI co-founders Zak Folkman and Chase Herro no longer “controllers” of the platform. So far, WLFI has raised a total of US$550 million by selling WLFI tokens to qualified investors in the United States and non-qualified investors around the world. According to documents released at the time of launch, the Trump family could earn 75% of the net income from this portion of sales.
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