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Trump Family Divided Over Launch of New Cryptocurrency Wallet

A new website promoting an official Trump cryptocurrency wallet sparked family discord, highlighting competing crypto ventures within the Trump business network.

Fatima Ahmed
Published • Updated June 03, 2025 • 3 MIN READ
Trump Family Divided Over Launch of New Cryptocurrency Wallet
Eric Trump (left) and Donald Trump Jr. clarified that the family business is not affiliated with the "Official $TRUMP Wallet."

A newly launched website attracted significant attention Tuesday afternoon by announcing a new cryptocurrency project purportedly endorsed by former President Trump.

According to the site, the creators of Trump’s memecoin are collaborating with a company named Magic Eden to introduce the "Official $TRUMP Wallet," a digital platform designed for buying and selling cryptocurrencies.

However, the announcement quickly met resistance from an unexpected quarter: Trump’s own sons.

Donald Trump Jr. stated on social media that the family business has no involvement with the new crypto product. Eric Trump expressed unfamiliarity with the project, and Barron Trump, the youngest son, emphasized the family's complete lack of participation.

This reaction from the Trump sons revealed tensions within the family’s expanding array of cryptocurrency ventures, which are managed by different relatives and associates who now seem to be competing.

On one side stands Bill Zanker, a long-time Trump associate and the mastermind behind the president’s memecoin—a cryptocurrency typically based on internet humor—which Trump began promoting shortly before his inauguration in January. On the other side are Trump’s sons, who co-founded World Liberty Financial, a separate crypto enterprise marketing its own digital currency that has generated $550 million in sales.

In a series of text messages, Eric Trump escalated the dispute by indicating the family intends to take legal action against the launch of the "Official $TRUMP Wallet," despite its promotion on social media by an account linked to Zanker.

Fatima Ahmed
Fatima Ahmed

Fatima explores digital entertainment trends, including streaming services, video games, and the evolving online media landscape.

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