An announcement about the launch of the “official Trump crypto wallet” triggered a strong reaction from the family of former U.S. President Donald Trump. While the project’s initiators claimed to be operating on behalf of Donald Trump, his sons publicly distanced themselves from the initiative. According to them, the product is actually promoted by the creators of the TRUMP memecoin and the Magic Eden platform, but family representatives state they have no connection to the project.
Wallet Announcement
On June 3, the NFT marketplace Magic Eden, in collaboration with the Official Trump (TRUMP) cryptocurrency team, announced the upcoming launch of a crypto wallet called The Official $TRUMP Wallet. The product’s website claims that this is Donald Trump’s official wallet, developed with the support of GetTrumpMemes.com.
According to an official statement on the site, the launch partner is Fight Fight Fight LLC, which is controlled by CIC Digital LLC, an entity affiliated with the Trump Organization. These two companies jointly own the majority of TRUMP tokens.
The documents also mention entrepreneur Bill Zanker, known for his involvement in several Trump-branded ventures, including NFT collections and a Monopoly-style game.
Trump Family Denies Any Involvement
Almost immediately after the announcement, Donald Trump Jr. stated that the Trump Organization had nothing to do with the new crypto wallet. He emphasized that he was unaware of the project and that the real product from their crypto platform, World Liberty Financial, would be released at a later date.
Eric Trump added that the wallet launch had not been coordinated with the family and urged Magic Eden to “exercise extreme caution” when using the Trump name. Even the former president’s youngest son, Barron Trump, made his first post on X, declaring that the family was not participating in this project.
No Comment From Project Organizers
As of publication, neither Magic Eden, the TRUMP team, nor platform CEO Jack Lu, who actively promoted the product on social media, had responded to the Trump family’s objections. Crypto critic Molly White, who first drew attention to the situation, called it “absolute chaos” and noted a clear lack of coordination in businesses associated with the Trump name.
Wallet Saga Not the First Trump Crypto Confusion
The wallet story is not the first episode of confusion surrounding Trump-branded crypto initiatives. In May 2024, Trump Media and Technology Group, which manages the Truth Social platform, initially denied reports of raising $3 billion to purchase crypto assets, only to confirm the next day that they had secured $2.5 billion through stock sales and bond issuance.
The new wallet episode highlights ongoing problems with transparency and control in projects using the former president’s name.
Experts Link Family’s Distance to Regulatory Scrutiny
According to experts, the Trump family’s refusal to be officially associated with the crypto wallet and other initiatives may be related to increasing scrutiny from regulators. Amid investigations into Donald Trump, Senators Chris Murphy and Sam Liccardo proposed the MEME Act, which would prohibit the sitting U.S. president and other high-ranking officials from creating, promoting, or otherwise participating in crypto assets. Murphy previously called the TRUMP memecoin “the most corrupt act ever committed by a U.S. president.”
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