{"id":854195,"date":"2025-06-08T09:12:13","date_gmt":"2025-06-08T14:12:13","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/08\/eric-trump-says-wlfi-will-acquire-trump-for-treasury-unofficial-wallet-project-nixed\/"},"modified":"2025-06-08T09:12:13","modified_gmt":"2025-06-08T14:12:13","slug":"eric-trump-says-wlfi-will-acquire-trump-for-treasury-unofficial-wallet-project-nixed","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/08\/eric-trump-says-wlfi-will-acquire-trump-for-treasury-unofficial-wallet-project-nixed\/","title":{"rendered":"Eric Trump says WLFI will acquire TRUMP for treasury, unofficial wallet project nixed"},"content":{"rendered":"
\n

\"Eric Eric Trump says WLFI will acquire TRUMP for treasury, unofficial wallet project nixed<\/span> Assad Jafri \u00b7<\/span> 23 hours ago<\/span> \u00b7 2 min read<\/span> <\/span> <\/span> <\/span> <\/span><\/p>\n

\n
\n

Eric Trump asserts WLFI\u2019s token acquisition will align with patriotic digital asset strategy.<\/p>\n

\n
\n

<\/a><\/p>\n<\/div>\n

\n

2 min read<\/span><\/p>\n

Updated:<\/span> Jun. 7, 2025 at 1:53 am UTC<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n

\"Eric<\/p>\n

Cover art\/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.<\/p>\n<\/div>\n<\/div>\n

\n

Eric Trump<\/a> announced that World Liberty Financial<\/a>, the DeFi platform linked to President Donald Trump<\/a> and his family, will take a significant treasury stake in the Official TRUMP<\/a> memecoin.<\/p>\n

He also confirmed that the controversial Trump-branded wallet recently unveiled by the team behind the memecoin would not continue development.<\/p>\n

Wallet project nixed<\/h2>\n

The announcement comes less than 2 days after Trump brothers denounced the controversial wallet project that claimed to be \u201cofficial.\u201d<\/p>\n

The team, Fight Fight Fight LLC, and NFT platform Magic Eden<\/a> began promoting a Trump-branded wallet and trading application on June 3, only to face swift denial from the Trump Organization.<\/p>\n

The Trump family publicly stated they had no connection to the wallet, prompting World Liberty Financial (WLFI) to issue a cease-and-desist letter<\/a> to the firms involved.<\/p>\n

The now-abandoned app had promised access to TRUMP trading alongside high-profile cryptocurrencies such as Bitcoin (BTC<\/a>), Ethereum (ETH<\/a>) and Solana (SOL<\/a>).<\/p>\n

However, its seems the project quickly unraveled when Trump\u2019s sons made clear that the family brand was being used without permission.<\/p>\n

The backlash culminated in legal action from WLFI, which called the product misleading and unauthorized. In the wake of the announcement, the wallet effort has been shelved.<\/p>\n

In a statement, World Liberty characterized the TRUMP token and its own platform as \u201cdistinct projects with a common mission,\u201d signaling a desire to maintain synergy while distancing itself from unapproved ventures.<\/p>\n

Strategic treasury investment<\/h2>\n

WLFI will acquire a substantial long-term position in the TRUMP token, aligning it with the platform\u2019s treasury strategy. Eric Trump said the investment reflects a shared commitment to combining digital asset innovation with patriotic values.<\/p>\n

The move comes less than a month after Trump hosted over 200 top TRUMP holders at one of his private golf clubs, a gathering that drew criticism from some lawmakers who accused the President of monetizing his political base through crypto.<\/p>\n

Meanwhile, WLFI has also begun distributing its own stablecoin, USD1, to wallet addresses tied to early WLFI token sales.The stablecoin is positioned as a foundational component of WLFI\u2019s broader decentralized finance ecosystem.<\/p>\n

Although the Trump wallet project has been scrapped, WLFI\u2019s escalating role in the memecoin\u2019s growth suggests deeper coordination between the Trump-linked crypto ventures are far from over.<\/p>\n

Mentioned in this article<\/h6>\n
\n
Latest US<\/span> Stories<\/h5>\n<\/div>\n
\n
Latest Bitcoin<\/span> Stories<\/h5>\n<\/div>\n
\n
Latest Alpha<\/span> Market Report<\/h6>\n<\/div>\n
\n
\n
Press Releases<\/h5>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Assad Jafri<\/p>\n","protected":false},"excerpt":{"rendered":"

Eric Trump says WLFI will acquire TRUMP for treasury, unofficial wallet project nixed Assad Jafri \u00b7 23 hours ago \u00b7 2 min read Eric Trump asserts WLFI\u2019s token acquisition will align with patriotic digital asset strategy. 2 min read Updated: Jun. 7, 2025 at 1:53 am UTC Cover art\/illustration via CryptoSlate. Image includes combined content<\/p>\n","protected":false},"author":1,"featured_media":854196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27493,4],"tags":[],"class_list":["post-854195","post","type-post","status-publish","format-standard","has-post-thumbnail","category-acquire","category-trump"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/854195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=854195"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/854195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/854196"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=854195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=854195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=854195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}