Eric Trump supports $TRUMP memecoin despite cancelled official wallet launch.

Trump-themed crypto wallet halted after legal warning over authorization rights.

Donald Trump Jr. confirms plans for official family crypto wallet.

Eric Trump has officially backed the $TRUMP meme coin, even though the associated crypto wallet launch has been cancelled. This update happens as there is continuous interest in the Trump family’s digital asset involvement. Even with this complication, Eric Trump stated that $TRUMP aligns with World Liberty Financial (WLFI), which will soon get a significant number of tokens for its permanent reserve.

Trump-Themed Wallet Faces Legal Setback Over Authorization

Eric Trump took to X (rebranded from Twitter) to express his delight about the Trump Organization’s victory. He said, “Even though MEME wallet is not active, they are still committed to creating the most special MEME with $TRUMP.” He also pointed out that WLFI’s decision demonstrates they are united in crypto, patriotism, and want to thrive in the long run.

This information is based on Bloomberg’s report that WLFI warned Fight, the original group behind the Trump-themed wallet, via a cease-and-desist letter. The discussion caused the cancellation of the “Official Trump Wallet,” which had been scheduled for an early release this month. However, Eric Trump recently said that there has been an agreement had been made between the involved parties.

Magic Eden and the creators of $TRUMP memecoin said on June 3 that they would soon release the official wallet. Eric Trump said as soon as the message was posted that the project had not yet been authorized. He let Magic Eden know they should avoid using Sunrise’s name in a project that was not approved.

Donald Trump Jr. Confirms Official Family Crypto Wallet

Despite all these difficulties, the Trump family keeps pushing into the digital assets scene. The first big thing they did in 2022 was create a non-fungible token (NFT) collection. After that, they have become more involved in progressing both crypto and Web3. The $TRUMP memecoin was released in January 2025, marking another big step in their time on the internet.

Moreover, World Liberty Financial is seeking to add value in the decentralized finance (DeFi) industry too. It seems that Trump’s company, which is supported by the family, is creating a network focused on the usage of its stablecoin, USD1. Its developers believe that this stablecoin should become the base of WLFI’s DeFi initiatives and might play a role in future Trump-brand crypto projects.

Although some worry about mixing politics, business, and cryptocurrency, the Trump family says they focus on innovation. However, critics remain skeptical of their true intentions.
Meanwhile, critics argue that these ventures are primarily designed to boost the political influence of the Trump brand. However, supporters believe this strategy reflects forward-thinking and aligns with the future of the global economy. Ultimately, the debate highlights the polarizing nature of their entry into the digital asset space.

As for the future, Donald Trump Jr. says that the family’s official crypto wallet is planned for development. At the same time, Eric Trump, who addressed the Consensus 2025 conference in Toronto recently, still thinks crypto will keep moving forward. According to him, “The world is experiencing a rush to buy Bitcoin,” showing how much he trusts in these assets.

Overall, the Trump family is continuing with their plans in the world of cryptocurrencies despite the delay in releasing their wallet. Because new partnerships and a bigger token ecosystem are emerging, $TRUMP could still enjoy a successful future.

 

The post Eric Trump Endorses $TRUMP Memecoin Despite Cancelled Wallet Launch appeared first on Live Bitcoin News.

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Filed under: Bitcoin - @ June 7, 2025 10:00 pm