🧨 Trump Team Denies Magic Eden Ties — NFT Drop Sparks Controversy
Donald Trump Jr. declared on X that the Trump Organization is not engaged with the trendy Trump wallet launch.
Trump Jr. explained that World Liberty Financial is developing a wallet but has not released it.
Magic Eden announced the creation of an official Trump wallet, prompting the disclaimer.
Donald Trump Jr. denied Magic Eden's Tuesday report that the Trump business launched a pocketbook. World Liberty Financial is developing a new wallet, he said.
Donald Trump Jr. denied that the Trump Organization is involved in speculations of a presidential crypto wallet.
Trump Jr. said he had "zero knowledge" of the new wallet, which made news hours after its introduction, in an X post on Tuesday. Trump Organization co-manager Eric Trump said he knew "nothing about this project."
After Magic Eden posted a request to join a Trump wallet queue hours earlier, the disclaimer was sent. The website said, "Magic Eden partnered with GetTrumpMemes.com to create the first and only $TRUMP Wallet." Additionally, it promises $1 million in TRUMP token awards.
The Trump Organization's rejection casts doubt on Magic Eden's cryptocurrency credentials. However, Donald Trump Jr. said the Trump Organization, via World Liberty Financial, is building a wallet but has not released it.
After the development, the NYSE filed with the SEC to offer and trade the Truth Social Bitcoin ETF. Last Monday, the Trump Media Technology Group closed a $2.4 billion private offering to construct its Bitcoin treasury.
In recent months, President Donald Trump has been accused of cryptocurrency industry links. Politicians have often criticized Trump-affiliated corporations like World Liberty Financial.
House Democrats wrote Treasury Secretary Scott Bessent to request WLFI suspicious activity reports. They also warned that Trump's cryptocurrency engagement may manipulate industry regulations.
#TrumpMediaBitcoinTreasury #BinanceAlphaAlert #MarketPullback #PCEMarketWatch #SaylorBTCPurchase $BTC $ME
