Trump Organization Distances Itself from TRUMP Wallet Rollout

On June 4, 2025, the crypto community buzzed with news of the “Official TRUMP Wallet,” marketed as the “First and Only Crypto Wallet for True Trump Fans” by Magic Eden and GetTrumpMemes.com.

Within hours, however, Donald Trump Jr., Eric Trump, and Barron Trump took to X to deny any involvement. The Trump Organization stated it “knows nothing” about the project.

This swift disavowal has sparked confusion, raising questions about transparency, ownership, and the intersection of politics and crypto.

The TRUMP Wallet: What We Know

Announced on June 4, 2025, the TRUMP Wallet is a collaboration between Magic Eden, a leading NFT marketplace, and GetTrumpMemes.com.

The wallet has been described as the “Official $TRUMP Wallet by President Trump” on trumpwallet.com. It aims to enable users to hold and trade $TRUMP tokens and other digital assets.

The website offers a waitlist for early access and a sweepstakes with $1 million in TRUMP rewards as an incentive. However, it lacks detailed technical documentation or a clear launch timeline, raising eyebrows in the crypto community.

Magic Eden’s CEO, Jack Lu, confirmed the company’s involvement via an X post. But the project’s X account, @TrumpWalletApp, was suspended for undisclosed reasons. The lack of transparency from Magic Eden and GetTrumpMemes.com has fueled speculation about the project’s legitimacy.

“Zero Involvement”

The Trump family wasted no time distancing themselves from the TRUMP Wallet. Donald Trump Jr. posted on X, “I have zero involvement with this wallet product.”

Eric Trump echoed this, stating, “I run @Trump and I know nothing about this project!” Barron Trump also chimed in, reinforcing the family’s non-involvement.

This denial is complicated by the involvement of GetTrumpMemes.com, which is tied to the Trump Organization through CIC Digital LLC. Bill Zanker, a known associate, holds substantial $TRUMP tokens through CIC Digital, suggesting some level of indirect connection

The ownership structure adds complexity to the saga. GetTrumpMemes.com is owned by Fight Fight Fight LLC, which is co-owned by CIC Digital LLC, an entity affiliated with the Trump Organization.

Together, they control a majority of $TRUMP tokens, giving them significant influence over the token’s ecosystem.

Bill Zanker’s involvement further ties the project to the Trump orbit, raising questions about why the family claims no knowledge of the wallet.

While distancing themselves from the TRUMP Wallet, the Trump family is not abandoning crypto. Donald Trump Jr. revealed that World Liberty Financial, their official crypto venture, will soon launch its own digital asset wallet.

This move suggests the family is focused on consolidating their crypto efforts under a single, authorized brand, potentially to avoid further confusion.

Broader Implications: Conflicts and Transparency

The TRUMP Wallet incident has reignited concerns about conflicts of interest, given President Trump’s regulatory role over cryptocurrencies while his family benefits from crypto ventures.

Critics, including House Democrats, have raised alarms about potential insider trading and regulatory bias.

Crypto researcher Molly White called the situation “absolute chaos” on X, speculating on a communication breakdown between the Trump Organization and its affiliates.

The silence from Magic Eden, its CEO Jack Lu, and the TRUMP token team has only deepened the uncertainty.

This lack of transparency underscores the challenges of maintaining trust in a space where high-profile names can amplify both excitement and skepticism.