World Liberty Monetary is spearheaded by Zachary Folkman and Chase Herro, who labored beforehand on DeFi platform Dough Finance, which noticed $2 million of crypto property drained by means of a July exploit. Members of the Trump household, together with Donald Trump, publicly championed the venture on social media, with the previous president being titled as “Chief Crypto Advocate.” for the platform. Two of his sons, Eric Trump and Donald Trump Jr., are concerned as “Web3 Ambassadors,” whereas his different son Barron Trump is listed as “DeFi Visionary.”