The largest investors in Donald Trump's crypto coin have been promised a private audience with the president. The arrangement could put Trump at odds with the Constitution and add fuel to calls for his impeachment, experts say.
Activity tagged "Donald Trump"
I think this is a more or less up-to-date map of the businesses, LLCs, and people associated with the Trump family crypto projects.
The relative separation between World Liberty Financial and the Trump memecoin projects, both of which are trying to develop defi trading platforms, may help to explain the chaos around the latter’s wallet launch announcement yesterday.
It is very plausible to me that Trump has sold his likeness to so many separate projects, not to mention his sons also using the “Trump” branding, that no one really knows what’s going on in aggregate.
However, it’s still not fully clear to me how the memecoin end of the business could launch a wallet using Trump’s name and likeness without the sons’ knowledge unless the original licensing agreement for the memecoin was extremely broad.
This diagram is of course limited to what is publicly disclosed, and you’ll see a few places where links are uncertain, and where LLCs’ operators are partially or completely unknown. The flow of money is also a very partial accounting.
i think i need some red string
Absolute chaos. After my scoop about the upcoming launch of a Trump Wallet by Magic Eden, in cooperation with the $TRUMP memecoin team, Magic Eden pushed out their announcement. Both Eric and Don Jr then repudiated the project, stating they had no prior knowledge.
Magic Eden says claims the wallet is the “Official Trump Wallet” created in collaboration with the Trump memecoin team. Trump memecoin team is Fight Fight Fight LLC (Bill Zanker), though the Trump Organization-affiliated CIC Digital also holds a substantial quantity of tokens.
However, now Eric and Don Jr are saying the Trump Org had no knowledge of this deal between the TRUMP memecoin project and Magic Eden. No statement yet from the memecoin project or from President Trump.
Magic Eden is a relatively big player in the crypto world, so this is not a case of some nobody creating a fake project pretending to be an official Trump-affiliated app.
Trump to launch branded crypto trading application
New crypto trading and wallet application, created in partnership with Magic Eden, invites fans of President Trump to buy his memecoin
Issue 83 – Trump’s crypto-backed plan to auction off access to the White House
Trump’s crypto conflicts continue to multiply as Democratic legislators demand ethics inquiries and block industry-backed bills.
Meet Trump’s memecoin dinner guests
Trump's crypto-for-access dinner triggers broad ethics alarms, and 73% non-US attendance raises fresh concerns over foreign influence
A trader bought 6,000 $TRUMP on April 21, two days before the announcement that top holders would be invited to dinner with the president. They sold it a few hours after the announcement two days later caused the token price to go up, earning $33k on the trade. Impressive timing!
They had traded the Trump token a bit for the first few days after it launched in January, then apparently lost interest until suddenly rediscovering it on April 21.
At the moment they still hold 9,130 TRUMP, so as of now they’ll be joining Trump at the dinner in a few weeks.
They regularly transfer funds from Bybit, suggesting they are not based in the US.
World Liberty Financial has eviscerated the boundary between private enterprise and government policy in ways without precedent in modern American history.