The cryptocurrency world is abuzz with news about a mysterious project linked to the family of former President Donald Trump. A series of clues have emerged, revealing an ambitious plan in the field of decentralized finance (DeFi).
Notable Moves by Donald Trump’s Sons
On August 7th, Eric Trump, the second son of the former President, tweeted:
I have truly fallen in love with crypto/DeFi. Stay tuned for an official announcement from me.
On the same day, Donald Trump Jr., the eldest son, also joined the fray with a post including the hashtag #BeDeFiant:
We are about to shake up the crypto world with something huge. Decentralized finance is the future, don’t get left behind.
Related: Donald Trump Advises the US Government Not to Sell Bitcoin
Speculation Among the Online Community
Immediately, the online community began searching for clues from these posts. They linked the story to Zach and Steve Witkoff.
Steve Witkoff is a real estate mogul, a friend of Trump, and had spoken at the Republican National Convention in Milwaukee last July. He also posted a similar message with the hashtag #BeDeFiant, a day before Trump Jr. mentioned it.
The Witkoff brothers are connected to Chase Hero, a crypto entrepreneur and managing partner of Subify—a competitor to OnlyFans. Subify counts YouTuber and crypto investor Logan Paul as a client (who also interviewed Hero on his podcast Impaulsive).
Interestingly, in July, AMG Software Solutions filed trademark applications for the terms “Be Defiant,” “World Liberty,” and “World Liberty Financial.” According to the filings, these trademarks relate to providing information in the field of decentralized finance (DeFi). Moreover, the headquarters address of AMG Software Solutions matches the address of Subify LLC.
Martin Shkreli, a figure who had been imprisoned for manipulating drug prices and is behind the memecoin DJT named after Trump, also confirmed that Trump’s new project is related to both Steve Witkoff and Zak Folkman, co-founder of Subify.
Piecing together these bits of information, it seems likely that the Trump brothers’ project is closely connected with Hero and World Liberty. However, this is still speculation, and we must await an official announcement.
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