President Donald Trump’s crypto branding machine reveals no signal of slowing down. On Tuesday, the team behind the $TRUMP memecoin unveiled a wait list and X account for a forthcoming crypto wallet—the time period for apps the place customers can retailer and swap cryptocurrencies, NFTs, and different belongings issued on blockchains.
In response to the web site, the wallet is being supplied in partnership with Magic Eden, a preferred NFT market. Magic Eden will use Slingshot Finance, a agency it lately acquired, to energy the wallet, in line with the location’s privateness coverage as properly as phrases and circumstances.
“Most U.S. customers (and mainstream customers worldwide) use centralized exchanges as we speak, however we all know that the most recent metas on crypto occurs onchain,” Jack Lu, the CEO of Magic Eden, mentioned in a statement on X, confirming the information.
Lu added that customers will be capable to use the Trump wallet to commerce cryptocurrencies like Bitcoin and Ethereum, with “extra enjoyable use instances coming quickly.”
Invoice and Dylan Zanker, the father-and-son duo behind Trump’s memecoin, didn’t reply to a request for remark. Molly White, a outstanding crypto researcher and critic, was the first to report the wallet’s existence.
Eric Trump and Don Jr., the president’s sons and leaders of one other Trump-branded crypto challenge, mentioned on X that they had no data of the wallet’s launch. “I run @Trump and I do know nothing about this challenge!” posted Eric, referring to the Trump Group, the president’s actual property enterprise.
The launch of a Trump-branded crypto wallet is only one of a slew of Trump-branded crypto merchandise launched previously yr. There’s the president’s NFT collection, his sons’ DeFi utility referred to as World Liberty Financial, memecoins issued by him and his spouse, a Trump-branded stablecoin, a brand new Bitcoin-mining firm, and a forthcoming video game. That’s to not point out that Trump Media & Know-how Group, his social media firm that went public in 2024, has additionally dipped into crypto with a latest Bticoin treasury play.
A slew of lawmakers and ethics specialists have repeatedly alleged that the President’s launch of crypto merchandise represents one of the obvious instances of conflicts of curiosity in presidential historical past.
Trump’s administration has instructed the Securities and Change Fee and the Division of Justice to loosen oversight of the crypto business. The forty seventh president has additionally authorized the creation of a strategic Bitcoin reserve and exhorted lawmakers to move payments on the regulation of crypto and stablecoins, or cryptocurrencies pegged to real-world belongings just like the U.S. greenback.
