- Trump family denies involvement in ‘official Trump wallet’, causing great crypto -chaos.
- Donald Jr. And Eric Trump rejects tires with the wallet of Magic Eden, warning of legal consequences.
- Barron Trump debuts on X to confirm a zero family link to the disputed launch of Crypto wallet.
The announcement of an “official Trump wallet” has created chaos within Trump-linked cryptocurrency companies, while the president’s family quickly distanced himself from the project. Donald Trump Jr. Clarified that the Trump organization “zero involvement” has been announced with the wallet product announced by Magic Eden and the Trump Memecoin team.
The controversy began when NFT Marketplace Magic Eden and the team behind the official Trump Meme Coin Plans announced to launch ‘the official $ Trump wallet’ on 3 June. However, the immediate response of the Trump family contradicted any authorized involvement in the project.
Donald Trump Jr. stated that neither he nor Eric Trump knew anything about the wallet. They emphasized that World Liberty Financial would soon launch his official wallet. The clarification came when the X -platform account @trumpwalletApp was reportedly frozen in the midst of the confusion.
Eric Trump takes a legal attitude
Eric Trump escalated the situation by threatening legal steps against projects with the name Trump without approval. He warned Magic Eden to “be extremely careful with the use of our name in a project that has not been approved and is unknown to someone in our organization.”
Related: Official Trump Crypto wallet is coming “soon”; Team Disavows unofficial site
The youngest son, Barron Trump, made his very first X post to emphasize that the family “has no involvement in this wallet.” The strong pushback of several Trump family members suggests serious concerns about unauthorized brand use and potential legal implications for the companies involved.
Molly White calls wallet launch ‘Absolute Chaos’
Crypto-skepticus Molly White, who first reported on the controversy of the wallet, described the situation as “absolute chaos” and speculated on communication breakdown between different Trump-connected cryptocurrency companies.
The Trump team, Magic Eden, and the CEO of the platform, Jack Lu, who initially promoted the wallet, have not issued any public statements that tackle the rejection of the Trump family. This silence of the wallet developers contributes to market uncertainty, while investors try to assess the legitimacy and future viability of the announced product.
The incident serves as a warning story for cryptocurrency projects that seek celebrities or political notes without the correct authorization. The fast and coordinated reaction from the Trump family shows that they actively follow cryptocurrency projects using their name and take action against unauthorized use.
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