World Liberty Monetary, the Trump household’s crypto portfolio challenge, began the yr with excessive hopes. However because the yr attracts to an in depth, the fund has barely seen good points.
US President Donald Trump introduced the launch in September 2024 whereas he was nonetheless on the marketing campaign path for the 2024 elections. Led by his sons Donald Trump Jr. and Eric Trump, it marked a major shift in tone for crypto coverage within the US.
This system began robust. It launched its personal World Liberty Monetary (WLFI) governance token and made giant acquisitions of high-market-cap cryptocurrencies.
The bull market in the summertime/fall of 2025 pumped the Trump household’s share into the billions. However because it started buying and selling publicly, the challenge’s token is down over 40%.
World Liberty Monetary has combined returns
WLFI accomplished its first token sale in October 2024. It bought about 20 billion WLFI tokens at $0.015 per token, elevating about $300 million. This was adopted by one other token sale that ran from January 2025 into March, wherein WLFI bought some 5 billion tokens at $0.05 per token. It raised roughly $250 million.
In March, the Trump household issued its personal stablecoin, USD1. By June, they’d penned a cope with PancakeSwap, a decentralized finance protocol owned by Binance, to advertise the asset.
In August, World Liberty entered into a non-public placement and treasury cope with ALT5 Sigma Company. Within the $1.5-billion deal, ALT5 traded 100 million shares of its frequent inventory for WLFI tokens, primarily making a crypto treasury.
Within the bull run that outlined a lot of the 2025 crypto market, WLFI made a number of giant cryptocurrency acquisitions. It purchased thousands and thousands of {dollars}’ value of a basket of belongings, together with $21.5 million in Wrapped Bitcoin (WBTC), Ether (ETH) and Transfer (MOVE). As of Dec. 22, high cash within the fund additionally embrace substantial holdings of USD1, a number of Aave-tied belongings, in addition to Mantle (MNT).
Public monitoring information of the Trumps’ portfolio worth solely began in September 2025, when it was value over $17 billion on the peak of the yr’s bull market. As of Dec. 11, the belongings within the fund are value slightly below $8 billion, marking a 47% lower.
Trump’s fund mired in controversy
Traditionally, US presidents have distanced themselves from any enterprise ventures that might be seen as a battle of curiosity with their duties because the chief govt. Former President Jimmy Carter famously positioned his peanut farm in a semi-blind belief whereas he held workplace.
Trump has taken the precise reverse method, turning into actively concerned in enterprise ventures that might straight profit from his personal monetary and political priorities. In September, as Bitcoin’s (BTC) value started to creep in the direction of an annual excessive, the BBC reported that the Trump household’s share of World Liberty Monetary was value over $5 billion. This was realized largely by way of its contractual possession of a lot of the WLFI tokens.
The Trump administration has confronted repeated requires inquiries over what opponents say are conflicts of curiosity. As early as April 2025, Senator Elizabeth Warren and Consultant Maxine Waters despatched a letter to the US Securities and Alternate Fee’s (SEC) then-acting chair, Mark Uyeda. In it, they requested the SEC to “protect all information and communications relating to World Liberty Monetary, Inc., the cryptocurrency firm owned by President Trump’s household.” The fee was referred to as upon to determine the extent Trump’s involvement may compromise its potential to control successfully.
In November, Warren repeated her name for a probe, following a report from Accountable.US, which claimed that World Liberty Monetary bought tokens to sanctioned people with ties to Iran, North Korea and Russia.
Associated: Trump’s USD1 stablecoin deepens considerations over conflicts of curiosity
White Home Press Secretary Karoline Leavitt mentioned the allegations have been baseless. She blamed the media writ giant for “continued makes an attempt to manufacture conflicts of curiosity,” as they’re “irresponsible and reinforce the general public’s mistrust in what they learn.”
“Neither the president nor his household have ever engaged or will ever interact in conflicts of curiosity. The administration is fulfilling the president’s promise to make the US the crypto capital of the world by driving innovation and financial alternative for all Individuals,” she mentioned.
World Liberty itself mentioned that it ran Anti-Cash Laundering and Know Your Buyer checks on potential patrons “and turned down thousands and thousands of {dollars} from potential purchasers who failed the checks.”
The Trump household’s crypto ventures aren’t restricted to World Liberty Monetary. Trump Media and Know-how Group Corp additionally operates the fintech model Reality.Fi. In September, it purchased 684.4 million Cronos (CRO) tokens at roughly $0.153 per token, totalling $104.7 million. This was a part of a 50% inventory, 50% money alternate with crypto alternate platform Crypto.com.
Eric Trump and Donald Trump Jr. additionally based and backed the crypto mining enterprise American Bitcoin. As of Dec. 10, the corporate’s whole Bitcoin holdings amounted to 4,784 BTC, in keeping with Strong Intel.
The general worth of World Liberty Monetary’s portfolio has dropped considerably. Regardless of this marked lower in worth, World Liberty Monetary is steaming forward with new belongings and offers. On Dec. 3, its co-founder Zach Witkoff introduced that it’ll launch a set of real-world belongings (RWAs) beginning in January 2026.
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