Trump Family Disavows Controversial Crypto Wallet Launch

A Donald Trump-branded crypto wallet linked to the $TRUMP meme coin was launched in partnership with NFT marketplace Magic Eden, but was swiftly disavowed by Eric, Donald Jr., and Barron Trump, as well as World Liberty Financial, which represents the Trump family. The Trump family has warned of potential legal action over the unauthorized use of the Trump brand and says an official wallet is forthcoming. Magic Eden asserts the project is legitimate, while the wallet is actually backed by Fight Fight Fight LLC, led by Trump associate Bill Zanker, not by the Trump family or their direct business partners. The launch caused a 12.5% spike in $TRUMP token price and significant trading volume. Critics and legal experts voiced concerns about conflicts of interest, scams, and regulatory issues, highlighting the risks of celebrity-branded crypto assets. The incident underscores ongoing confusion and controversy at the intersection of politics, branding, and cryptocurrency.