- Trump’s meme pockets venture was scrapped after authorized threats and denial of involvement by the Trump household.
- Eric Trump confirmed WLFI will now lead the cost, buying a serious stake in $TRUMP and constructing long-term technique.
- WLFI additionally launched USD1 stablecoin distributions, exhibiting dedication to deeper DeFi enlargement.
The Trump-branded crypto pockets and buying and selling platform unveiled earlier this week has been abruptly shelved following widespread confusion and authorized pushback. A cease-and-desist letter reportedly despatched by World Liberty Monetary (WLFI) led to the shutdown of the pockets, initially introduced in collaboration with NFT market Magic Eden and Battle Battle Battle LLC.
Eric Trump Confirms Shift in Technique
On Friday, Eric Trump clarified that whereas the “meme pockets” received’t be shifting ahead, the Official Trump memecoin stays energetic and intently aligned with WLFI. In a put up on X, he emphasised their joint dedication to rising $TRUMP and revealed that WLFI plans to take a “substantial place” within the memecoin as a part of its long-term treasury technique. The transfer marks a strategic pivot towards broader crypto ambitions rooted in patriotism and innovation.
Authorized Tussles and Conflicting Claims
The unique pockets venture, touted by Magic Eden’s CEO as a hub to commerce $TRUMP together with BTC, ETH, and different main cryptocurrencies, shortly hit turbulence. President Trump’s sons—Donald Jr., Eric, and Barron—denied any affiliation between the Trump Group and the pockets, insisting WLFI would ship the one “official” model. The following confusion triggered WLFI to challenge a cease-and-desist, aiming to protect model readability and management over Trump’s crypto narrative.
Crypto Politics and Stablecoin Drop
Regardless of the pockets’s collapse, Trump’s engagement in crypto stays energetic. Earlier this week, he hosted the highest 220 holders of the $TRUMP token at his D.C.-area golf membership, fueling backlash from political opponents. In the meantime, WLFI additionally distributed USD1 stablecoins to contributors in its native WLFI token sale, indicating a continued push to develop its decentralized finance presence.