Miller Whitehouse-Levine, the former CEO of the DeFi Education Fund, launched the non-partisan nonprofit on Monday.The institute aims to work with the Securities and Exchange Commission’s newly created Crypto Task Force and incoming leadership at the Commodity Futures Trading Commission.
On April 1st, according to The Block, the Trump family seems to be strengthening their control over WLFI. WLFI was announced before Trump's inauguration, but it is still in the development stage. According to a report released by Reuters on Monday, the Trump family further consolidated their control over World Liberty by establishing WLF Holdco LLC in January. Among them, DT Marks DeFi LLC holds 60% of the shares in the new company and is responsible for supervising protocol development. Although the ownership of the remaining 40% is currently unclear, this adjustment makes it appear that Zak Folkman and Chase Herro, co founders of WLFI, are no longer the "controllers" of the platform.
As of now, WLFI has raised a total of $550 million by selling WLFI tokens to qualified investors in the United States and non qualified investors worldwide. According to the documents released during the launch of the project, the Trump family may receive a net profit of 75% from this portion of sales revenue.
According to BlockBeats, on April 1st, according to Onchain Lens monitoring, 15 hours ago, a certain Ethereum ICO participating address transferred 5000 ETH worth $9.22 million to Cumberland.
In the past 22 days, the wallet has transferred a total of 6890 ETH ($12.55 million) after being dormant for 6 years, and currently holds 34000 ETH ($62.45 million).
The address purchased ETH at an average price of $0.311 during the ICO period for $3110 and received 84513 ETH from the Ethereum Foundation.
