Trump family reportedly seizes majority control of World Liberty Financial

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

The Trump family has allegedly taken control of World Liberty Financial, gaining a large share of the platform’s revenue from token sales and future fees.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

According to a review of changes on the company’s website reported by Reuters on Mar. 31, two of the project’s co-founders, Zak Folkman and Chase Herro, were replaced by an organization in which the Trump family owns a majority stake.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

The Trump family’s company, DT Marks DeFi LLC, gained majority control of the platform in January 2025 by acquiring a 60% share through a new holding company, WLF Holdco LLC. These previously unreported changes mark a major shift in WLFI’s ownership and leadership.