As Donald Trump And his family extends over almost all corners of the cryptocurrency sector, a dispute has broken out on corporate entities allowed to handle the Trump brand to promote the cryptographic products they launch.
On Tuesday, the X has the Trump same by the American president – which is administered by Fight Fight Fight LLC, formed by Trump long -standing Bill Zanker –Announced plans To launch a cryptographic portfolio and a trading platform in partnership with NFT Marketplace Magic Eden. THE corresponding websiteFirst of all identified By the independent researcher of Crypto Molly White, presents the product as “the official portfolio of $ Trump by President Trump”.
However, in X messages apart, Eric Trump and Donald Trump Jr. then repudiated the announcement, which, according to them, had not been Green-broken by the family. Eric Trump suggested that the Trump organization, the Holding company for many commercial companies and the intellectual property of the family, could act against Magic Eden.
“This project is not authorized” by the Trump organization, wrote Eric on X. “I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization,” he added, marking the Magic Eden handle.
In a Separate post, Donald Trump Jr. revealed that a separate crypto portfolio was under development at World Liberty Financial, a crypto company that he and Eric helped launch in September. “Stay listening-World Liberty Financial, on which we are working tirelessly, will soon launch our official portfolio,” he wrote.
World Liberty Financial and Fight Fight Fight did not immediately respond to requests for comments. The White House and Magic Eden refused to comment. Eric Trump did not answer Wired questions directly, saying only: “I know nothing about this project or any contractual relationship.”
For some crypto observers, the initial announcement of the portfolio made by Fight Fight Fight had the ring of truth on this subject, in particular because it came from the organization behind the Trump Memecoin. During the past year, despite a choir of complaints relating to alleged abuse of functions and conflicts of interest, the Trump family has forged in almost all the segments of the cryptography market, from stable -coins to mecoins, crypto investment products and Bitcoin exploitation. To launch a cryptographic wallet, it appeared as a next plausible step: “This is perfectly logical for anyone who has one eye on the place where the washer goes,” explains Brad Harrison, responsible for the cryptographic platform Venus Labs.
The dispute on the portfolios which 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 presented themselves in competition with an expansion on several fronts complicates the cryptographic empire of the family.
On May 27, Trump Media and Technology Group, a listed company in which the Trump family had a majority participation, announced that it had raised $ 2.5 billion to accumulate a “bitcoin treasure”. The agreement puts the conglomerate in competition with a growing stable of Bitcoin -Accumulation stocks, which act as a substitute in a way to invest in Bitcoin – among them American Bitcoin, the crypto mines company recently launched by Eric Trump and Donald Trump Jr., who is continue a similar strategy.
