Trump Family Earns $390M from WLFI—How US Lawmakers Question SEC’s Silence

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According to a Reuters report on April 2, 2025, US lawmakers are asking the Securities and Exchange Commission (SEC) for more transparency concerning World Liberty Financial, Inc. (WLFI), a Cryptocurrency company linked with Donald Trump’s family.

The US senators Elizabeth Warren (D-MA) from Massachusetts and US Representative Maxine Waters (D-CA) from California sent a letter to the SEC’s acting chairman, Market Uyeda, on April 2. The letter highlights the request to allow access to the records of any interaction between WLFI, the White House, and SEC officials.

US Lawmakers Question SEC

The letter raised concerns about the financial structure of WLFI, as it has made over $550 million since October 2024 by selling its token called $WLFI. The records from the SEC show that the Trump family owns 75% of WLFI’s token revenue through DT Marks DEFI LLC, which is about 390 million so far and 60% of future profits.

Trump Family Earns $390M from WLFI—How US Lawmakers Question SEC’s Silence = The Bit Journal

In their four-page requests, Warden and Waters wrote that this represents a serious conflict of interest that might have an impact on regulatory decisions. They requested the SEC to provide the documents which prove it remains impartial in running Cryptocurrency markets.

Concerns Over SEC’s Shift in Crypto Regulation

The inquiry, which was led by Uyeda, also questioned the SEC’s recent approach. In the past month, March 2025, the commission has dropped and slowed down various cases related to cryptocurrencies. These included cases against Coinbase, Kraken, Uniswap Labs, and OpenSea.

The SEC’s most controversial decision was to indict the founder of Tron, Justin Sun, in 2023 on fraud charges. Justin Sun made an investment of $75 million in WLF in 2024-2025 before the SEC unexpectedly paused its case against him in February.

The US lawmakers are demanding the records that might explain this decision, especially for any particular communication between the SEC officials, the Trump family, and the White House.

Political Implications and Legal Problems

The power of Democrats is limited to formally investigating WLFI or subpoenaing key figures, as the Republicans control both chambers of Congress. Though the letter to the SEC lacks legal authority, it points out the growing concern about potential political interference in financial regulations.

US Lawmakers

The White House dismissed the allegations, which were stating that Trump’s assets are in a trust that is managed by his children so that there’s no conflict of interest.

The WLFI defended itself, called the request of US Lawmakers a politically motivated attack, and insisted that the company is focused on creating a Cryptocurrency platform that is secure and innovative.

Public Reaction and Social Media Debate

This controversy has also sparked debate on social media. On X, a few users have raised questions about trust in the SEC. Saying that, how can anyone trust the SEX for regulating crypto fairly if Trump’s family is making $400M from WLFI?

Meanwhile, the Reddit decision in r/CryptoPolitics showed widespread concern. As one user wrote, this is exactly the reason why the crypto industry needs transparent regulations, and political goes must not dictate oversight.

Conclusion

As US lawmakers pressure the SEC to clarify its position, its response or silence might have a long-lasting effect on crypto regulations and the Trump family’s financial ties. The debate on political influence in financial oversight is far from over, as Warren and Waters are calling for increased scrutiny.