Former US President Donald Trump’s two sons have made announcements on social media over the past 24 hours about cryptocurrencies and decentralized finance (DeFi).
““We’re about to shake up the crypto world with something big. Decentralized finance is the future. Don’t get left behind,” Donald Trump Jr. posted early Wednesday morning on Twitter, including the hashtag X. “BeDeFiant.”
The tweet followed a post Tuesday from Trump’s other son, Eric Trump. “I’m really into crypto/DeFi,” he wrote. “Stay tuned for the big announcement.”
The only clue to the announcement was Zach’s apparent connection to Steve Witkoff, a real estate mogul who is friends with Trump and spoke at the Republican National Convention in Milwaukee in July. Steve Witkoff posted a similar message with the hashtag BeDeFiant a day before Trump Jr.’s comments. His post was reposted by Zach.
Both Witkoffs follow crypto entrepreneur Chase Hero, who is a managing partner at Subify, an OnlyFans competitor. Subify counts YouTuber and crypto investor Logan Paul among its clients (He has also interviewed Hero on his Impaulsive podcast).
Of note, in July, a company called AMG Software Solutions filed trademark applications for the terms “Be DeFiant,” “World Liberty,” and “World Liberty Financial.” This third trademark, according to the filing, is for “providing financial information in the decentralized finance (DeFi) space.” AMG Software Solutions’ home address is the same as Subify LLC.
So it’s not yet clear what this project is, but it appears to be related to his filing with Hero and World Liberty.
Martin Shkreli, the disgraced former pharmaceutical executive who claimed in June that he was behind the Trump meme coin, said Wednesday:The new Trump project will feature both Steve Witkoff and Jack Folkman, who are listed as co-founders of Subify.
Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Current financial disclosures include:
© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.