The Trump family’s cryptocurrency ventures have hit a significant roadblock as the official TRUMP meme coin project has officially cancelled its planned crypto wallet launch following internal conflicts. Eric Trump announced on Friday that the wallet development would not proceed after World Liberty Financial, the decentralized finance platform backed by President Trump and his sons, issued a cease and desist letter to the GetTrumpMemes team. The legal action effectively shut down the competing wallet project, with its website going dark shortly after the dispute became public on Thursday.
The resolution of this cryptocurrency conflict appears to have strengthened ties between the two Trump-affiliated projects rather than creating lasting division. Eric Trump revealed that World Liberty Financial plans to acquire a substantial position in the TRUMP meme coin for its long-term treasury, effectively aligning the competing interests under a unified crypto strategy. This development demonstrates how the Trump family is consolidating their various digital asset ventures to avoid internal competition and maximize their collective market influence.
The dispute initially created confusion within the Trump cryptocurrency ecosystem when the president’s sons publicly distanced themselves from the wallet project, claiming they had no involvement with the product. Donald Trump Jr., Eric Trump, and Barron Trump’s social media posts contradicted the wallet team’s marketing efforts, leading to uncertainty about the project’s legitimacy and official endorsement. The cease and desist letter ultimately clarified the family’s position and established World Liberty Financial as the exclusive platform for Trump-branded cryptocurrency services.
This latest development highlights the expanding scope and complexity of the Trump family’s cryptocurrency empire, which has become a significant component of the president’s overall wealth portfolio. Since launching their first NFT collection in 2022, the Trump family has diversified into multiple crypto ventures including the TRUMP meme coin and World Liberty Financial platform, with these digital assets reportedly accounting for nearly 40% of President Trump’s net worth, or approximately $2.9 billion. Critics continue to question whether the administration’s pro-cryptocurrency policies are influenced by the family’s substantial financial interests in the digital asset space.
