Lu added that users will be able to use the Trump wallet to trade cryptocurrencies like Bitcoin and Ethereum, with “more fun use cases coming soon.”
Eric Trump and Don Jr., the president’s sons and leaders of another Trump-branded crypto project, said on X they had no knowledge of the wallet’s launch. “I run @Trump and I know nothing about this project!” posted Eric, referring to the Trump Organization, the president’s real estate business.
A slew of lawmakers and ethics experts have repeatedly alleged that the President’s launch of crypto products represents one of the most obvious cases of conflicts of interest in presidential history.
Update, June 3, 2025: Added in that Trump’s sons said they had no knowledge of the crypto wallet being launched by the president’s memecoin team.