Eric Trump Threatens Legal Action Against “Official” $TRUMP Crypto Wallet

• Eric Trump disputes use of trademark on cryptocurrencies
• $TRUMP Wallet Does Not Have Trump Family Approval
• Trump-named crypto projects operate without coordination

Eric Trump stated Trump Jr. has publicly stated that his family is considering taking legal action against the launch of the “Official $TRUMP Wallet,” a cryptocurrency wallet launched without the family’s approval. The statement came after a website was released that advertised the product as official, claiming a partnership between GetTrumpMemes.com and the Magic Eden platform.

“There is no deal for this product. It has not been approved,” Eric Trump said in a message sent to The New York Times. Trump’s swift reaction came after the publication of promotional materials linking the project to former President Donald Trump and his family members.

The project was promoted on social media by accounts associated with Magic Eden and GetTrumpMemes.com. Jack Lu, CEO of Magic Eden, even stated that the product would be legitimate and developed in collaboration with the $TRUMP token team.

Our partnership with the $TRUMP team to build @TrumpWalletApp represents our commitment to onboarding mainstream audience deeper into crypto.

Most US users (and mainstream users worldwide) use centralized exchanges today, but we know that the newest goals on crypto happens…

— Jack (@0xLeoInRio) June 3, 2025

Meanwhile, Donald Trump Jr. has also spoken out, clarifying that although he is involved in the creation of a cryptocurrency wallet by World Liberty Financial (WLFI), this initiative is not related to the project promoted by Magic Eden. Barron Trump, who rarely comments on public matters, also stated that no member of his family is involved with this wallet.

To be clear, our family has zero involvement with this wallet. https://t.co/5NE6cZZQlO

— Barron X Spaces (@BarronXSpaces) June 3, 2025

Currently, at least four fronts linked to the Trump brand operate in the crypto sector. Trump Media & Technology Group, responsible for Truth Social, recently filed an application with the SEC to launch a spot Bitcoin ETF.

Another group is led by Bill Zanker, a former Trump associate who is behind the $TRUMP and $MELANIA tokens. This team is also reportedly involved in developing a Monopoly-style cryptocurrency game.

Additionally, WLFI, backed by Donald Trump Jr. and Eric Trump, has launched a stablecoin called USD1 and a governance token, with plans to create a full-fledged DeFi ecosystem. American Bitcoin, another front under the Trump sons’ leadership, is focused exclusively on Bitcoin mining.

Despite sharing the Trump brand, these projects operate independently, with no clear alignment. With the family’s public distancing from the “Official $TRUMP Wallet,” the project’s continuity remains uncertain.