Key dealers
- Eric Trump threatened legal action against an unauthorized crypto loan project called ‘Official $ Trump Wallet.’
- The Trump family denies all commitment to the project and distances itself from Bill Zanker’s campaigns.
Eric Trump has threatened to legally challenge the unauthorized crypto -borrowing project that pops up yesterday and claimed to be the “official $ Trump wallet”, New York Times reported Tuesday, with reference to a series of text messages from the president’s son.
“There is no deal for this product,” he wrote in a text for The Times. “There is no agreement for this product. It has not been approved.”
The controversy intensified after the discovery of a new website that noticed itself as “The official $ Trump wallet“By President Trump.
The site, which operated separately from Gettrumpmemes.com, the official Trump Meme coin’s domain, stated that Magic Eden had collaborated with Gettrumpmemes.com to start the wallet.
Magic Eden and Official Trump also marketed the project in their official X account. Jack Lu, the company’s CEO, stated on X that the Crypto wallet is a legitimate product developed in collaboration with the $ Trump team.
Our partnership with $ Trump Team to build @Trumpwallep Represents our commitment to onboarding mainstream audience deeper into crypto.
Most American users (and mainstream users all over the world) use centralized exchanges today, but we know that the latest meters on crypto hands …
– Jack (@0xleoinrio) June 3, 2025
Shortly after the announcement, Donald Trump distanced Jr. And Eric Trump, however, publicly from the project and noted that they had no commitment.
Donald Trump Jr. Clarified that while Trump Organization and World Liberty Financial develop a crypto wallet, it is not related to the one supported by Magic Eden.
Barron Trump, in his rare appearance on X, too alleged His family had “zero commitment” with the recently launched wallet.
Trumpvert
So far, at least four units work 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 drives Truth Social, Truth+and Truth.fi. On Tuesday, Truth.fi submitted to Sec to launch a spot bitcoin ETF.
The second device, linked to prolonged Trump Associate Bill Zanker, is the team behind the Trump token. The project, with the support of President Trump, has launched $ Trump and $ Melania tokens and is also behind the recently announced crypto loan book.
Zanker plans according to reports a Monopoline inspired crypto games This allows players to earn cash in the game. He previously collaborated with Trump on a series of NFT collections.
The third unit is World Liberty Financial (WLFI), a decentralized financial company supported by the president and his sons. WLFI has launched a native steering token and a Stablecoin is called USD1and the team says it works for Build an extensive defi -ecosystem with the support of institutional qualities and board structures.
Eric Trump and Donald Trump Jr. are also closely involved in a fourth company, American bitcoinA separate initiative focusing on bitcoin mining.
These groups use the Trump name and the brand, but do not seem to coordinate their efforts. When the Trump family publicly distances itself from the crypto -borrowing project, it is unclear if the wallet will be launched as planned.
