Trump Family Cryptocurrency Ventures Fracture Amid Legal Threats

Eric Trump, son of Donald Trump, has hinted at potential legal action over the launch of the "official TRUMP wallet." This development comes as the Trump family's cryptocurrency ventures appear to be fracturing, with different factions within the family pursuing separate digital currency projects.

Donald Trump Jr., co-founder of World Liberty Financial (WLFI), has stated that the newly launched TRUMP Wallet in the market has no affiliation with the Trump Organization. WLFI plans to release its own official wallet, further complicating the family's cryptocurrency landscape. Eric Trump, another son of the , expressed surprise at the launch, stating he was "completely unaware" of the TRUMP Wallet's release. Barron Trump, the youngest son, also took to social media to clarify that the family has had no involvement in the project.

The reactions from Trump's sons suggest a growing rift within the family's cryptocurrency business network. This network, which involves multiple family members and associates, now appears to be divided, with different factions competing against each other. On one side is Bill Zanker, a long-time business partner of Donald Trump and the mastermind behind the TRUMP Meme coin. On the other side are Trump's sons, who have established an independent cryptocurrency company called World Liberty Financial and have launched their own digital currency, raising $550 million to date.

Eric Trump has indicated that the Trump family will take legal action regarding the launch of the "official TRUMP Wallet." Despite the wallet being promoted by a social media account associated with Bill Zanker, Eric Trump emphasized that there is no agreement or approval for this product. Bill Zanker has not responded to requests for comment. However, the official X account of TRUMP Meme posted a tweet late Tuesday confirming the authenticity of the wallet release. A similar statement also appeared on the official X account of Magic Eden.