A digital asset company has collaborated with a company behind the President of the President Donald Trump to launch what he called “$ Trump official wallet” – but the president’s son, who runs the Crypto Trump business, said they did not have involvement with the offer.
In a post on X Tuesday, Jack Lu, CEO of a digital asset market named Magic Eden, said the company has collaborated with Gettummemes – the company behind the $ Trump meme coin – at the $ Trump wallet, a digital application that allows users to make financial transactions. Lu said the effort would allow users to trade other $ Trump and other cryptocurrency coins.
But in a few hours, Eric Trump wrote on social media that “I run @trump and I don’t know anything about this project!”
Donald Trump JR added that he “did not have involvement with this wallet product,” and tempted plans for digital asset wallets that were separated under Crypto companies affiliated with different Trumps, World Liberty Financial.
Apart from the rejection, the $ Trump wallet launched Tuesday claimed to be the “first crypto wallet and one -only for true Trump fans.”
“Our partnership with the $ Trump team to build @trumpwalletapp represents our commitment to conduct a deeper mainstream audience to Crypto,” Lu wrote on X.
ABC News has contacted Magic Eden for clarification about the business.
On Tuesday afternoon, X – Social media companies run by Trump Ally Elon Musk – have suspended an account for @trumpwalletapp. It is not clear why the account was deleted.
President Donald Trump gave a signal, when he left for Pennsylvania, in the southern courtyard of the White House in Washington, May 30, 2025.
Kent Nishimura/Reuters
The $ Trump Wallet website contains a little information about the platform itself, but invites visitors to register a waiting list before the formal launch in a few dates later. Joining the waiting list also allows users to enter the draw at a price of $ 1 million prizes $ Trump.
After the skeptics of crypto, Trump and his family have fully buried themselves in the cryptocurrency market in recent months, developing not only $ trump meme coins – types of digital currencies that are often based on internet memes – but also Bitcoin mining companies, stablecoin companies, and crypto reserves.
Last month Trump held a black tie event for the winners of the contest who gave invitations to top investors in $ Trump coins – with at least some of the funds that flowed directly to the Trump family’s coffers.
Critics have expressed concern about the role of Trump administrative regulations on cryptocurrency while the president stands personally benefit from the cryptocurrency business.
Asked Tuesday about the potential conflict of interest in the newborn Crypto Kingdom of Trump’s family, Donald Trump Jr. said at CNBC that the family “entered into [crypto] Because of the need, “claiming Trump’s family has been” de-banged. “
“We entered politics and suddenly [the banks] Will not receive our call, “he said.” We follow a reasonable concept because we will actually be the recipient of how fast it can be turned off. “