Are Trump and His Sons About to Dump All of Their Crypto?

Eric Hagerman, a spokesperson for World Liberty Financial, told the Sun that new governance rules required the owners to shed 10 percent of their holdings, and the only way to do so was to place them in a vesting account. But three experts that reviewed the company’s governance documents found that doing so was strictly optional.

Zach Everson, the research director at Public Citizen, warned that the president’s family was headed for a massive payout. “It has never been clear what World Liberty Financial was supposed to do other than enrich the Trumps, and here we have them taking the first avenue they can to offload their coins,” he told the Sun. 

Trump’s total holding of 14.175 billion in $WFLI tokens is currently worth about $1 billion, while his sons each hold roughly 2.75 billion in tokens, worth hundreds of millions of dollars. The value of these tokens would likely plummet if the president or his sons sold off their shares.