Close Menu
Technology Mag

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    We’ve Already Spotted 38 Truly Great Prime Day Deals

    June 28, 2025

    Breville’s Luxe Brews Great Drip Coffee—and Makes Real-Deal Cold Brew

    June 28, 2025

    This Staples FlexFit Desk Converter Is Well-Priced and Reliable

    June 28, 2025
    Facebook X (Twitter) Instagram
    Subscribe
    Technology Mag
    Facebook X (Twitter) Instagram YouTube
    • Home
    • News
    • Business
    • Games
    • Gear
    • Reviews
    • Science
    • Security
    • Trending
    • Press Release
    Technology Mag
    Home » Trumpworld Is Fighting Over ‘Official’ Crypto Wallet
    Business

    Trumpworld Is Fighting Over ‘Official’ Crypto Wallet

    News RoomBy News RoomJune 5, 20253 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email

    As Donald Trump and his family stretch into nearly every corner of the cryptocurrency sector, a dispute has broken out over which corporate entities are permitted to wield the Trump brand to promote the crypto products they launch.

    On Tuesday, the X account for the US president’s Trump memecoin—which is administered by Fight Fight Fight LLC, formed by longtime Trump ally Bill Zanker—announced plans to launch a crypto wallet and trading platform in partnership with NFT marketplace Magic Eden. The corresponding website, first identified by independent crypto researcher Molly White, pitches the product as “the official $TRUMP wallet by President Trump.”

    However, in X posts of their own, Eric Trump and Donald Trump Jr. later repudiated the announcement, which they claimed had not been greenlit by the family. Eric Trump implied that the Trump Organization, the holding company for many of the family’s business ventures and intellectual property, could take action against Magic Eden.

    “This project is not authorized” by the Trump Organization, wrote Eric on X. “I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization,” he added, tagging the Magic Eden handle.

    In a separate post, Donald Trump Jr. revealed that a separate crypto wallet is under development at World Liberty Financial, a crypto company that he and Eric helped to launch in September. “Stay tuned—World Liberty Financial, which we have been working tirelessly on, will be launching our official wallet soon,” he wrote.

    World Liberty Financial and Fight Fight Fight did not respond immediately to requests for comment. The White House and Magic Eden declined to comment. Eric Trump did not respond directly to questions from WIRED, saying only, “I know nothing about this project nor is there any contractual relationship.”

    To some crypto watchers, the initial wallet announcement made by Fight Fight Fight had the ring of truth about it, not least because it was coming from the organization behind the Trump memecoin. In the past year, despite a chorus of complaints relating to alleged abuses of office and conflicts of interest, the Trump family has forged into almost every segment of the crypto market, from stablecoins to memecoins, crypto investment products, and bitcoin mining. To launch a crypto wallet appeared to some as a plausible next step: “It makes perfect sense for anyone who has their eye on where the puck is going,” says Brad Harrison, head of crypto platform Venus Labs.

    The dispute over the wallets soon to be launched by World Liberty Financial and Fight Fight Fight, though, marks the second time in as many weeks that Trump-affiliated entities have thrown themselves into competition with one another as expansion on multiple fronts complicates the family’s crypto empire.

    On May 27, Trump Media and Technology Group, a publicly traded company in which the Trump family owns a majority stake, announced it had raised $2.5 billion to accumulate a “bitcoin treasury.” The deal puts the conglomerate in competition with a growing stable of bitcoin-accumulation stocks, which act as a substitute of sorts for investing in bitcoin—among them American Bitcoin, the crypto mining firm launched recently by Eric Trump and Donald Trump Jr., which is pursuing a similar strategy.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleLet’s all do a dramatic reading of Trump and Musk’s mean posts
    Next Article Wing and Walmart are bringing drone delivery to 100 new stores

    Related Posts

    Disney Just Threw a Punch in a Major AI Fight

    June 27, 2025

    Meta Wins Blockbuster AI Copyright Case—but There’s a Catch

    June 27, 2025

    Venice Braces for Jeff Bezos and Lauren Sanchez’s Wedding

    June 27, 2025

    AI Agents Are Getting Better at Writing Code—and Hacking It as Well

    June 26, 2025

    Anthropic Scores a Landmark AI Copyright Win—but Will Face Trial Over Piracy Claims

    June 25, 2025

    Elon Musk’s Lawyers Claim He ‘Does Not Use a Computer’

    June 25, 2025
    Our Picks

    Breville’s Luxe Brews Great Drip Coffee—and Makes Real-Deal Cold Brew

    June 28, 2025

    This Staples FlexFit Desk Converter Is Well-Priced and Reliable

    June 28, 2025

    Fancy Airplane Seats Have Nowhere Left to Go—So What Now?

    June 28, 2025

    Reddit turns 20, and it’s going big on AI

    June 28, 2025
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Reviews

    Lamborghini Revuelto review: perfect harmony

    By News RoomJune 28, 2025

    With the dawning of a new era of hybridization in the automotive industry, more and…

    Kobo’s Libra Colour and Elipsa 2E e-readers have dropped to some of their best prices

    June 28, 2025

    Gear News This Week: The Repairable Fairphone 6 Arrives and Samsung’s Galaxy Unpacked Is Up Next

    June 28, 2025

    Did AI companies win a fight with authors? Technically

    June 28, 2025
    Facebook X (Twitter) Instagram Pinterest
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Technology Mag. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.