The president's son warns against using an unapproved project as family plans its own digital asset wallet.
Eric Trump has threatened to legally challenge the unauthorized crypto wallet project that surfaced yesterday and claimed to be the “Official $TRUMP Wallet,” The New York Times reported Tuesday, citing a series of text messages from the president’s son.
“There is no deal for this product,” he wrote in a text to The Times. “There is no agreement for this product. It has not been approved.”
The controversy intensified following the discovery of a new website that branded itself as “The Official $TRUMP Wallet” by President Trump.
Operating separately from GetTrumpMemes.com, the Official Trump meme coin’s domain, the site stated that Magic Eden had partnered with GetTrumpMemes.com to launch the wallet.
Magic Eden and Official Trump also promoted the project on their official X account. Jack Lu, the company’s CEO, stated on X that the crypto wallet is a legitimate product developed in partnership with the $TRUMP team.
However, shortly after the announcement, Donald Trump Jr. and Eric Trump publicly distanced themselves from the project, stating they had no involvement.
Donald Trump Jr. clarified that while the Trump Organization and World Liberty Financial are developing a crypto wallet, it is unrelated to the one backed by Magic Eden.
Barron Trump, in his rare appearance on X, also claimed his family had “zero involvement” with the newly launched wallet.
The Trumpverse
So far, at least four entities are operating under the Trump name or are associated with the Trump family.
The first is Trump Media & Technology Group (TMTG), the company founded by President Trump that runs Truth Social, Truth+, and Truth.Fi. On Tuesday, Truth.Fi filed with the SEC to launch a spot Bitcoin ETF.
The second entity, linked to longtime Trump associate Bill Zanker, is the team behind the $TRUMP token. The project, backed by President Trump, has launched the $TRUMP and $MELANIA tokens and is also behind the recently announced crypto wallet.
Zanker is reportedly planning a Monopoly-inspired crypto game that allows players to earn in-game cash. He previously collaborated with Trump on a series of NFT collections.
The third entity is World Liberty Financial (WLFI), a decentralized finance venture supported by the president and his sons. WLFI has launched a native governance token and a stablecoin called USD1, and the team says it is working to build a comprehensive DeFi ecosystem backed by institutional-grade assets and governance structures.
Eric Trump and Donald Trump Jr. are also closely involved in a fourth venture, American Bitcoin, a separate initiative focused on Bitcoin mining.
These groups are using the Trump name and branding, but do not appear to be coordinating their efforts. With the Trump family publicly distancing itself from the crypto wallet project, it is unclear whether the wallet will launch as planned.
