Trump's sons distance themselves

A digital asset company has collaborated with the firm

behind President Donald Trump's

$TRUMP meme coin to launch what it's calling the "Official $TRUMP Wallet" -- but the president's sons, who run Trump's crypto businesses, say they have no involvement with the offering.

In a post on X Tuesday, Jack Lu, the CEO of a digital asset marketplace called Magic Eden, said his firm had collaborated with GetTrumpMemes -- the firm behind the $TRUMP meme coin -- on $TRUMP Wallet, a digital app that allows users to conduct financial transactions. Lu said the venture would allow users to trade the $TRUMP coin and other cryptocurrencies.

But within hours, Eric Trump wrote on social media that "I run @Trump and I know nothing about this project!"

MORE: Trump holds gala for

top investors in his meme coin, as some critics slam event as pay-for-play
Donald Trump Jr. added that he "has zero involvement with this wallet product," and teased plans for a separate digital asset wallet under a different Trump-affiliated crypto firm, World Liberty Financial.

Despite those disavowals, the $TRUMP Wallet that launched Tuesday claimed to be the "First and Only Crypto Wallet for True Trump Fans."

"Our partnership with the $TRUMP

team to build @TrumpWalletApp represents our commitment to onboarding mainstream audience deeper into crypto," Lu wrote on X.

ABC News has reached out to Magic Eden for clarification on the venture.

As of Tuesday afternoon, X -- the social media company run by Trump ally Elon Musk -- had suspended the account for @TrumpWalletApp. It was not immediately clear why the account was removed.

 


Max News 24Hours

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