A company of digital assets has collaborated with the firm behind La Moneda $ Meme $ Trump of President Donald Trump to launch what he calls the “Official Trump wallet”, but the president’s children, who direct Trump’s cryptographic businesses, say they have no participation in the offer.
In a publication on Tuesday X, Jack Lu, the CEO of a digital asset market called Magic Eden, said his company had collaborated with Gettrumpmemes, the firm behind the $ Trump Meme currency, at $ Trump Wallet, a digital application that allows users to make financial transactions. Lu said the company would allow users to exchange the $ Trump currency and other cryptocurrencies.
But in a matter of hours, Eric Trump wrote on social networks that “executo @trump and I don’t know anything about this project!”
Donald Trump Jr. added that “he has zero participation with this wallet product” and made fun of the plans for a separate digital asset wallet under a cryptographic firm affiliated with Trump, World Liberty Financial.
Despite those denials, the $ Trump wallet that was launched on Tuesday claimed to be the “first and only cryptographic wallet for Trump’s true fans.”
“Our association with the $ Trump team to build @TrumpwalletApp represents our commitment to incorporate the deepest conventional audience into crypto,” Lu wrote in X.
ABC News has communicated with Magic Eden for clarification about the company.
Until Tuesday afternoon, X, the social media company led by Trump Elon Musk’s ally, had suspended the @TrumpwalletApp account. It was not clear immediately why the account was eliminated.
President Donald Trump makes a gesture, when he goes to Pennsylvania, on the southern grass of the White House in Washington, on May 30, 2025.
Kent Nishimura/Reuters
The $ Trump wallet website contains little information about the platform itself, but invites visitors to register for a waiting list before a formal launch at some later date. Unit the waiting list also allows users to enter a raffle on a part of $ 1 million in $ Trump rewards.
Once a cryptoptic, Trump and his family have completely submerged in the cryptocurrency market in recent months, developing not only the meme $ Trump coin, a type of digital currency that is often based on an internet meme, but also on a mining firm of Bitcoins, a stable firm and a crypto reserve.
Last month, Trump held a black draw event for the winners of a contest that awarded invitations to the main investors in their Trump currency, with at least some of the funds that flow directly to the Trump family coffers.
Critics have expressed concerns about the regulatory role of the Trump administration about cryptocurrencies, while the president will personally benefit from cryptocurrency companies.
When asked Tuesday about the possible conflicts of interest in the nascent cryptographic empire of the Trump family, Donald Trump Jr. said in CNBC that the family “got [crypto] Out of necessity, “affirm that the Trump family had been” discouraged. “
“We got into politics and suddenly [the banks] I wouldn’t take our call, “he said.” We entered a concept that makes a lot of sense because we had really been the recipients of how quickly you can close. “
