In brief
- Eric Trump said Friday that the Donald Trump meme coin project won’t release its planned crypto wallet.
- The Trumps’ World Liberty Financial project sent a cease and desist letter to the GetTrumpMemes team on Thursday.
- World Liberty Financial will invest in the TRUMP meme coin for its treasury, Eric Trump wrote.
The official Donald Trump meme coin project will not launch its planned Trump-branded crypto wallet, according to President Trump’s son, Eric Trump. The move comes following a dust-up with the president’s sons, who plan to launch a wallet through their own World Liberty Financial project, which is also backed by President Trump.
“I am proud to announce the TRUMP meme coin has aligned with [World Liberty Financial],” Eric Trump wrote on X on Friday. “Although their meme wallet isn’t moving forward, they remain focused on building the most exciting meme on earth—TRUMP.”
The post was retweeted by the official GetTrumpMemes account tied to the meme coin, along with World Liberty Financial.
Eric Trump also wrote that World Liberty “plans to acquire a substantial position in TRUMP for their long-term treasury,” adding, “We share a bigger vision for crypto, patriotism, and long-term success.”
Decrypt reached out to World Liberty Financial and the Trump wallet co-creator Magic Eden for comment, but did not immediately hear back from either party
World Liberty Financial had sent a cease and desist letter to the GetTrumpMemes team on Thursday, after which the website for the wallet—announced earlier this week—went dark.
Following the Tuesday wallet announcement, Trump’s sons came out against the project, alleging “zero involvement with [the] wallet product.” The posts from Eric, Barron, and Donald Trump Jr. fueled confusion over the status of the wallet project.
The skirmish’s apparent resolution comes as the Trump family’s sprawling cryptocurrency empire grows larger—and more profitable.
The commander-in-chief entered the world of Web3 by launching an NFT collection in 2022. Since then, President Trump and his sons have engaged in several more lucrative crypto-related enterprises—among them, the launch of the Official Trump meme coin in January, and the announcement and token sale for decentralized finance platform World Liberty Financial late last year.
The projects have vastly inflated President Trump’s wealth, accounting for nearly 40% of his net worth, or approximately $2.9 billion, according to a May report cited by CBS News.
The Trumps’ enmeshment with the cryptocurrency industry has invited criticism from lawmakers and commentators alike. Critics have decried the president’s pro-crypto policy push as a play to enrich himself and his family, while Trump’s administration has brushed off the allegations.
Editor’s note: This story was updated after publication with additional details.
Edited by Andrew Hayward
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