As Donald Trump His family stretched to almost every corner of the cryptocurrency space and encountered controversy, allowing corporate entities to carry the Trump brand to promote their crypto products.
On Tuesday, U.S. President Trump Memecoin, managed by longtime Trump Eli Bill Zanker, announced plans to launch a crypto wallet and trading platform with NFT Marketplace Magic Eden. The corresponding website originally identified by independent crypto researcher Molly White will push the product to "President Trump's official Trump wallet."
But in his own X post, Eric Trump and Donald Trump Jr. Eric Trump hinted that the Trump Organization is a holding company for many family businesses and intellectual property rights that can take action against the Magic Eden.
"This project is not authorized," Eric wrote on X. “In a project that has not been approved, I will use very carefully anybody in our organization knows,” he added, marking the handle of the Magic Eden.
Donald Trump Jr. revealed in another article that he and Eric helped set up a cryptocurrency company in September were developing a separate crypto wallet. "Stay tuned - the world free finance, which we have been working tirelessly, will soon launch our official wallet," he wrote.
World Free Finance and Fighting did not immediately respond to requests for comment. The White House and Magic Eden declined to comment. Eric Trump did not respond directly to the wired question, saying, "I know nothing about this project and have no contractual relationship."
For some crypto watchers, the initial wallet of the battle battle announced it had a ring of truth, not only because it comes from the organization behind the Trump memorial. Over the past year, despite alleged chorus of complaints about alleged abuse of positions and conflict of interest, the Trump family has made nearly every segment of the cryptocurrency market, from stablecoins to Memecoins, Crypto Investment Products, Crypto Investment Products and Bitcoin Mining. To launch a crypto wallet, some people seem to be a reasonable next step: “For anyone who is concerned about the progress of the hockey, it makes total sense,” said Brad Harrison, head of the Venus Lab at the crypto platform.
However, the dispute over world free finance and battle struggles will soon be sparked, marking the second time in weeks when Trump-affiliated entities’ expansion in multiple aspects complicates the expansion of family crypto empires.
On May 27, Trump Media and Technology Group, a publicly traded company with a majority stake in the Trump family, announced that it has raised $2.5 billion in funds to accumulate the "bitcoin treasury." The deal puts the group in competition with increasingly stable Bitcoin accumulation stocks, which are alternatives to investing in Bitcoins – they are U.S. Bitcoin, a crypto mining company recently founded by Eric Trump and Donald Trump Jr., which is taking a similar strategy.