Like Donald Trump And his family extends Almost every corner In the cryptocurrency sector, a dispute broke out on which the company entities are authorized to exercise the Trump brand to promote the encryption product that launch.
We kill, birthday X for the President of the United States Trump Memecoin—What is administered by Fight Fight Fight LLC, formed by Longtime Trump Bill Zanker –Annuncied plans To launch a crypto wallet and a commercial platform in collaboration with NFT Marketplace Magic Eden. Tea Corresponding websiteFirst identified From the independent cryptocurrency researcher Molly White, launches the product as “The official $ Trump portfolio of President Trump”.
However, in their X seats, Eric Trump and Donald Trump Jr. later repudiated the announcement, which they supported had not been illuminated by the family. Eric Trump implied that the Trump organization, the holding company for many business initiatives of the family and intellectual property, could act against Magic Eden.
“This project is not authorized” by the Trump organization, he wrote Eric on X. “I would be extremely careful to use our name in a project that has not informed and is unknown to anyone in our organization,” he added, tagging the Magic Eden handle.
In a Separate public, Donald Trump Jr. revealed that a separate cryptographic portfolio is under development World Liberty FinancialA cryptographic company that he and Eric He helped launch In September. “Stay tuned: World Liberty Financial Financial, on which we worked tirelessly, will soon launch our official wallet,” he wrote.
World Liberty Financial and Fight Fight Fight has now made requests to how. The White House and Magic Eden refused to comment. Eric Trump did not answer Wired’s questions directly, saying only: “Knowing this project or there are contractual relationships”.
To some cryptocurrency observers, the announcement of the initial wallet made by Fight Fight has hard the truth ring in this regard, not least because it came from the organization behind the Trump memecoin. Last year, despite a choir of complaints relating to alleged Office abuse AND Conflicts of interestThe Trump family has forged in almost all the segments of the cryptocurrency market, from Stablecoin to Memecoin, cryptographic investment products and Bitcoin mining. To launch a cryptographic wallet, it appears to some as a plausible next step: “It perfectly makes sense for anyone with the eyes on where the disc is going,” says Brad Harrison, head of the Crypto Venus Labs platform.
The dispute on wallets that will soon be launched by World Liberty Financial and Fight Fight Fight, however, marks the second time in as many weeks that the entities affiliated to Trump have competed with each other as expansion on several fronts complicates the encryption empire of the family.
On May 27, Trump Media and Technology Group, a company listed on the stock exchange in which the Trump family has a majority participation, Announced He had collected $ 2.5 billion to accumulate a “bitcoin treasure”. The agreement puts the conglomerate in competition with a growing stable of Bitcoin accumulation securities, which act as a substitute for investments in bitcoin-year-old Bitcoin, the cryptocurrency mining company recently launched by Eric Trump and Donald Trump Jr. pursue a similar strategy.
