A newly launched crypto wallet linked to President Trump's meme coin is stirring confusion after the president's sons said they were not involved in the project.
Magic Eden, a non-fungible token (NFT) marketplace, announced Tuesday it is partnering with the team behind the $TRUMP meme coin to launch a crypto wallet. This allows users to store and manage their cryptocurrencies or other blockchain assets.
Trump's sons, Eric and Donald Trump Jr., both lead efforts at World Liberty Financial — the family's cryptocurrency company — but said they had no knowledge of the product.
"The Trump Organization has zero involvement with this wallet product.@EricTrump and I know nothing about it. Stay tuned—World Liberty Financial @worldlibertyfi, which we have been working tirelessly on, will be launching our official wallet soon," Trump Jr. wrote on X.
World Liberty Financial is the Trump family's cryptocurrency platform. While it launched a stablecoin, the company was not behind the Trump meme coin, which was launched days before his inauguration in January.
"This project is not authorized by @Trump. @MagicEden I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization," Eric Trump added.
Magic Eden did not directly respond to Trump's son's claims, but reposted a promo for the wallet Tuesday night and wrote "Yes. It's real."
Barron Trump, the president's youngest son, posted on X for the first time in the wake of the launch.
"To be clear, our family has zero involvement with this wallet," Barron said.
The Hill reached out to the White House for comment.
Trump has repeatedly come under scrutiny for his crypto ventures amid concerns the president is financially benefitting from the venture.
The meme coin has faced particular criticism over concerns it could be used to buy influence with the president. Trump hosted a private dinner last month with the top investors in his meme coin, who spent millions of dollars to secure a spot at the exclusive event.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump sons deny involvement in meme coin crypto wallet )
Also on site :
- The fascinating world of biomimicry
- Musk's spat with Trump and exit from DOGE are really bad for Dogecoin
- This app can detect early signs of heart failure in 7 seconds — and was invented by a 14-year-old from Texas