Trump Crypto Firms Clash Over Wallet Issue | Technology
- A new digital wallet featuring the $TRUMP coin has triggered a public disagreement within the Trump family.
- However, Donald Trump Jr., Eric Trump, and Barron Trump have all denied any involvement.
- added that he has been working on an official wallet with World Liberty Financial, a crypto business created last year by Trump and his sons.
A brewing family feud rocks the crypto world! Donald Trump’s sons clash over a new $TRUMP coin digital wallet, raising questions about its legitimacy and the Trump Organization’s involvement.The new wallet, promoted on TrumpWallet.com and linked to Magic Eden, is at the center of the dispute. While some accounts hint at official connections, Donald Jr., Eric, and Barron Trump deny any affiliation, sparking a potential rift.
Learn more about the competing crypto ventures and the evolving relationship between the trump family and the world of cryptocurrency, and how it is shaping the current news cycle. News Directory 3 brings you exclusive insights into this high-stakes battle. Discover what’s next as the Trump family navigates the volatile crypto market.
Trump Crypto Wallet Sparks Family Feud
A new digital wallet featuring the $TRUMP coin has triggered a public disagreement within the Trump family. The wallet, promoted on TrumpWallet.com, invites users to join a waitlist and is reportedly powered by Magic Eden, a cryptocurrency marketplace. The @TrumpMeme X account promoted the $TRUMP wallet, further suggesting an official connection.
“The $TRUMP Wallet powered by @magiceden is coming soon. Join the $TRUMP community! http://TrumpWallet.com,” the tweet read.
However, Donald Trump Jr., Eric Trump, and Barron Trump have all denied any involvement. Donald Trump Jr.stated on X that the Trump Organization has “zero involvement” with the wallet. Eric Trump echoed this, saying he runs @Trump and knows nothing about the project. Barron Trump also chimed in, clarifying that the family has no connection to the wallet.
Donald Trump Jr. added that he has been working on an official wallet with World Liberty Financial, a crypto business created last year by Trump and his sons.
The dispute highlights a potential rift between Trump’s sons and Bill Zanker,a longtime business partner of Trump. Zanker runs Fight Fight Fight LLC, the company behind the $TRUMP coin, which is separate from the Trump Organization and World Liberty.CIC Digital, owned by the Trump Organization, also profits from the cryptocurrency trade and owns a important portion of the coin’s reserves.
Magic Eden and Zanker’s company maintain that the crypto wallet is affiliated with Trump. However, Eric trump issued a warning on X, stating that the project is not authorized by @Trump and cautioned Magic Eden against using their name without approval.
In recent months, the Trump family and business partners have launched various crypto ventures, including a memecoin featuring trump and a stablecoin. Melania Trump has also presented her own memecoin.
This embrace of cryptocurrency marks a shift for Trump,who was initially opposed to it. He has since become the first major candidate to accept crypto donations, spoken at crypto conferences, and hosted industry leaders. His administration has also appointed a “crypto czar,” rolled back regulations, and halted investigations into crypto firms.
Neither the White House, Magic Eden, nor zanker have responded to requests for comment.