A recent announcement regarding the launch of a Trump-branded crypto wallet has prompted mixed reactions and denials from family members.
Announcement of Trump Wallet
On June 3, the team behind Magic Eden and the developers of the Official Trump memecoin (TRUMP) announced plans to launch the 'Official $TRUMP Wallet.' This press release attracted significant public attention and sparked discussions within the crypto community.
Reactions from the Trump Family
However, Donald Trump Jr. stated that the Trump Organization has no involvement with this wallet product and that he knows nothing about it. He also mentioned that the family's crypto platform, World Liberty Financial, will soon launch its official wallet. Eric Trump highlighted that the wallet was not authorized by their organization and expressed concerns about the use of their name without approval. Even Barron Trump made his first social media post affirming that the family has no involvement with this wallet.
Context and Previous Issues
Cryptocurrency skeptics like Molly White referred to the situation as 'absolute chaos,' speculating that there is a breakdown in communication between various Trump-related crypto projects. The Trump Media and Technology Group has also faced confusion in the past when it initially denied reports about plans to raise funds for Bitcoin purchases, only to later confirm such reports.
The situation surrounding Trump's cryptocurrency wallet highlights the complexities of interactions among various businesses linked to the Trump name and the need for clear communication within these structures.
