Trump Team Launches New Digital Wallet for Crypto and NFTs
Donald Trump’s crypto team is launching a digital wallet, aimed at enabling users to store and trade cryptocurrencies, NFTs, and blockchain assets. A waitlist and an account on X (formerly Twitter) have been established.
The wallet is developed in partnership with Magic Eden, utilizing backend support from Slingshot Finance, which was recently acquired by Magic Eden.
Magic Eden’s CEO, Jack Lu, highlighted the importance of on-chain innovation and hinted at upcoming features beyond trading Bitcoin and Ethereum.
Despite the branding, some family members, including Eric and Don Jr., distanced themselves from the project, with Eric stating he had no knowledge of it.
This wallet adds to Trump's growing portfolio of crypto ventures, which includes:
- NFTs
- A DeFi platform
- Memecoins
- A stablecoin
- A mining firm
- A planned video game
- Purchases of Bitcoin for Trump Media's treasury
Critics raise conflict-of-interest concerns due to Trump's regulatory pushes in the crypto space. Public Citizen co-president Robert Weissman referred to Trump’s blockchain initiatives as "one of the most corrupt innovations in American political history."