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Trump Family Denies Involvement in Branded Crypto Wallet as USD1 Stablecoin and Bitcoin ETF Filing Advance

They say their crypto push stems from being shut out by banks after entering politics

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Eric Trump and Donald Trump Jr. said they knew nothing about an official Trump-branded crypto wallet announced Tuesday.
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Overview

  • Donald Trump Jr. and Eric Trump publicly disavowed the unendorsed $TRUMP Wallet despite its Magic Eden partnership
  • World Liberty Financial is developing USD1, a stablecoin the family says will be fully backed one-to-one by U.S. Treasuries
  • Trump Media & Technology Group submitted SEC filings for a NYSE Arca-listed Bitcoin ETF under its Truth Social brand
  • Chainalysis data shows over $324 million in trading fees flowed to Trump-linked wallets via the $TRUMP meme coin from January through April
  • The Trumps defend their crypto activities as a response to being cut off from traditional banking after entering politics